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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Carrying Amount and Fair Values of the Company's Assets and Liabilities Measured on a Recurring Basis

The following table presents the carrying amount and fair values of the Company’s financial assets and liabilities measured on a recurring basis:

 

 

March 31, 2023

 

 

December 31, 2022

 

(in millions)

 

Carrying
Amount

 

 

Fair
Value

 

 

Carrying
Amount

 

 

Fair
Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Non-derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

147.5

 

 

$

147.5

 

 

$

147.1

 

 

$

147.1

 

Derivatives (Level 1 measurement):

 

 

 

 

 

 

 

 

 

 

 

 

Other current and non-current assets:

 

 

 

 

 

 

 

 

 

 

 

 

    Emissions Trading Scheme credits

 

 

2.5

 

 

 

2.5

 

 

 

2.7

 

 

 

2.7

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives (Level 1 measurement):

 

 

 

 

 

 

 

 

 

 

 

 

Other current and non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward exchange contracts

 

$

0.8

 

 

$

0.8

 

 

$

0.5

 

 

$

0.5

 

Non-financial liabilities (Level 3 measurement):

 

 

 

 

 

 

 

 

 

 

 

 

Other current and non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock equivalent units

 

 

16.6

 

 

 

16.6

 

 

 

26.4

 

 

 

26.4