Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The notional amount of the Company's derivative instruments is summarized as follows (in millions):

	As of December 31,
	2024		2023
Designated derivatives:
Cash flow hedges:
Foreign currency contracts	$	402.6	$	801.0
Fair value hedges:
Interest rate swap contracts	600.0		600.0
Total designated derivatives	$	1,002.6	$	1,401.0
Non-designated derivatives	211.2		200.7
Total	$	1,213.8	$	1,601.7

Schedule of Derivative Liabilities at Fair Value

The fair value of derivative instruments on the Consolidated Balance Sheets was as follows:

		As of December 31,
	Balance Sheet Location	2024		2023
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other current assets	$	1.0	$	4.4
Foreign currency contracts as cash flow hedges	Other long-term assets	—		2.7
Total derivatives designated as hedging instruments		$	1.0	$	7.1
Derivatives not designated as hedging instruments	Other current assets	0.1		0.1
Total derivative assets		$	1.1	$	7.2
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	11.8	$	6.0
Foreign currency contracts	Other long-term liabilities	—		1.0
Interest rate swap contracts	Other long-term liabilities	77.0		73.6
Total derivatives designated as hedging instruments		$	88.8	$	80.6
Derivatives not designated as hedging instruments	Other accrued liabilities	0.2		0.2
Total derivative liabilities		$	89.0	$	80.8

Schedule of Derivative Assets at Fair Value

The fair value of derivative instruments on the Consolidated Balance Sheets was as follows:

		As of December 31,
	Balance Sheet Location	2024		2023
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other current assets	$	1.0	$	4.4
Foreign currency contracts as cash flow hedges	Other long-term assets	—		2.7
Total derivatives designated as hedging instruments		$	1.0	$	7.1
Derivatives not designated as hedging instruments	Other current assets	0.1		0.1
Total derivative assets		$	1.1	$	7.2
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	11.8	$	6.0
Foreign currency contracts	Other long-term liabilities	—		1.0
Interest rate swap contracts	Other long-term liabilities	77.0		73.6
Total derivatives designated as hedging instruments		$	88.8	$	80.6
Derivatives not designated as hedging instruments	Other accrued liabilities	0.2		0.2
Total derivative liabilities		$	89.0	$	80.8