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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
As of December 31, 2023, we had the following interest rate swap derivatives (notional amount in millions):
Effective DateNotional AmountFixed RateMaturity Date
April 28, 2023$200.0 0.46 %December 31, 2025
April 28, 2023100.0 1.32 %December 31, 2025
April 28, 2023100.0 1.32 %December 31, 2025
December 31, 2025300.0 3.06 %December 14, 2028
December 31, 2025100.0 2.93 %December 14, 2028
As of December 31, 2022, we had the following interest rate swap derivatives (notional amount in millions):
Effective DateNotional AmountFixed RateMaturity Date
July 30, 2021$200.0 0.51 %December 31, 2025
December 31, 2021100.0 1.37 %December 31, 2025
December 31, 2021100.0 1.37 %December 31, 2025
December 31, 2025300.0 3.09 %December 14, 2028
December 31, 2025100.0 2.98 %December 14, 2028
Derivative Instruments, Gain (Loss)
The following table summarizes amounts recorded to interest expense, net included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to our interest rate swaps (in millions):
As of December 31,
202320222021
(Benefit) expense associated with swap net settlements$(16.7)$(3.1)$0.4 
Expense associated with amortization of amended/terminated swaps4.5 3.9 3.2