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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Long Lived Asset Impairment
The table below presents asset impairment information related to long-lived assets (in millions):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Property and equipment assets impairment$— $— $0.2 $— 
Right-of-use assets impairment— — 0.1 — 
Intangible assets impairment— — 4.6 — 
Total asset impairments$— $— $4.9 $— 
Schedule of Fair Values of Financial Assets and Liabilities
The fair values of financial assets and liabilities that are recorded at fair value in the Condensed Consolidated Balance Sheets and not described above were as follows (in millions):
 As of September 30, 2024As of December 31, 2023
 TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Financial assets:
Money market funds$368.7 $368.7 $— $— $344.8 $344.8 $— $— 
Derivative financial instruments13.8 — 13.8 — 24.9 — 24.9 — 
Total financial assets$382.5 $368.7 $13.8 $— $369.7 $344.8 $24.9 $— 
Financial liabilities:
Contingent consideration$0.7 $— $— $0.7 $0.4 $— $— $0.4 
Derivative financial instruments0.2 — 0.2 — — — — — 
Total financial liabilities$0.9 $— $0.2 $0.7 $0.4 $— $— $0.4 
Summary of Change in Fair Value of Contingent Consideration
The change in fair value of the contingent consideration (a Level 3 input) was as follows (in millions):
Contingent consideration liability - January 1, 2024$0.4 
Preliminary purchase price0.3 
Fair value adjustments0.0 
Accretion in value0.0 
Contingent consideration liability - September 30, 2024$0.7 
Summary of Carrying Values and Associated Fair Values of Financial Assets and Liabilities The Senior Notes represent a Level 2 fair value measurement and are as follows (in millions):
 As of September 30, 2024As of December 31, 2023
 Carrying ValueFair ValueCarrying ValueFair Value
Senior Notes(1)
$300.0 $299.7 $300.0 $296.2 
(1)Excludes the impact of unamortized debt issuance costs.