Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The carrying amounts and fair value of the Company’s long-term borrowings were as follows (in millions):

	As of December 31,
	2024				2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion (1):
Revolving Credit Facility	$	375.0	$	373.4	$	375.0	$	390.6
0.50% Notes	1,478.2		1,450.4		1,473.1		1,596.6
0% Notes	797.2		1,054.4		794.0		1,334.4
3.875% Notes	695.5		656.3		694.4		652.0

(1)Long-term debt is carried on the Consolidated Balance Sheets at historical cost net of debt discount and issuance costs.

Fair Value Measurements, Nonrecurring

The following table shows the adjustments to fair value of certain of the Company's non-financial assets that had an impact on the Company's results of operations (in millions):

	Year ended December 31,
	2024		2023		2022
Nonrecurring fair value measurements:
Goodwill impairments (Level 3)	$	—	$	—	$	330.0
Intangibles impairment (Level 3)	—		—		56.8
Asset impairments (Level 3)	37.8		10.5		14.8
Total	$	37.8	$	10.5	$	401.6