Financial Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Combined Fair Values, Net of Tax of Interest Rate Derivative Instruments

The Company records any differences paid or received on its interest rate hedges to interest expense, financing costs and other within the condensed consolidated statements of operations. The following table summarizes the combined fair values, net of tax, of the interest rate derivative instruments (in millions):

		Net Assets (Liabilities) as of
		March 31,		December 31,			March 31,
Instrument	Fair Value Hierarchy	2022		2021			2021
Designated interest rate swaps1	Level 2	$	3.7	$	(4.1	)	$	(10.0	)

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1.Assets are included in the condensed consolidated balance sheets in prepaid expenses and other current assets, while liabilities are included in accrued expenses.

Summary of Amounts of Gain (Loss) on Interest Rate Derivative Instruments Recognized in Other Comprehensive Income

The following table summarizes the amounts of gain (loss) on the interest rate derivative instruments recognized in other comprehensive income (in millions):

	Three Months Ended March 31,
Instrument	2022		2021
Designated interest rate swaps	$	7.8	$	3.3