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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The carrying amounts and estimated fair values of the Company's financial assets and liabilities which were not recorded at fair value on the Condensed Consolidated Balance Sheets as of March 31, 2022, and December 31, 2021, were as follows (in millions):

As of March 31, 2022 Estimated Fair Value
Financial AssetsCarrying AmountLevel 1Level 2Level 3Total
Cash and cash equivalents$375.6 $375.6 $ $ $375.6 
Financial Liabilities     
Long-term debt$3,531.3 
(1)
$ $3,607.7 $ $3,607.7 

(1)The carrying amount of long-term debt, of which $300.0 million of the outstanding principal amount is recorded in
Current Liabilities, excludes a $5.1 million long-term finance lease obligation and $5.9 million of unamortized debt issuance costs.


As of December 31, 2021Estimated Fair Value
Financial AssetsCarrying AmountLevel 1Level 2Level 3Total
Cash and cash equivalents$39.1 $39.1 $— $— $39.1 
Financial Liabilities 
Long-term debt$3,334.0 
(1)
$— $3,631.5 $— $3,631.5 

(1)The carrying amount of long-term debt excludes a $5.3 million long-term finance lease obligation and $4.8 million of unamortized debt issuance costs.