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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Details of Impairment of Long-Lived Assets Held and Used by Asset
The table below presents asset impairment information related to long-lived assets (in millions):
Years ended December 31,
202420232022
Property and equipment assets impairment$0.2 $— $— 
Right-of-use assets impairment0.1 — — 
Intangible assets impairment4.6 — — 
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 Consolidated Balance Sheets and not described above were as follows (in millions):
As of December 31, 2024As of December 31, 2023
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Financial assets:
Cash equivalents$296.7 $296.7 $— $— $344.8 $344.8 $— $— 
Derivative financial instruments22.3 — 22.3 — 24.9 — 24.9 — 
Total financial assets$319.0 $296.7 $22.3 $— $369.7 $344.8 $24.9 $— 
Financial liabilities:
Contingent consideration$0.6 $— $— $0.6 $0.4 $— $— $0.4 
Schedule of Change in Fair Value of the 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 price0.4 
Fair value adjustments0.0 
Accretion in value0.0 
Amounts paid to sellers(0.2)
Contingent consideration liability—December 31, 2024
$0.6 
Schedule of Carrying Values and Associated Fair Values of Financial Assets and Liabilities
The carrying values and associated fair values of financial liabilities that are not recorded at fair value in the Consolidated Balance Sheets and not described above include our Senior Notes. To estimate fair value of our Senior Notes, we utilized third-party quotes which are derived all or in part from model prices, external sources or market prices. The Senior Notes represent a Level 2 fair value measurement and are as follows (in millions):
As of December 31, 2024As of December 31, 2023
Carrying ValueFair ValueCarrying ValueFair Value
Senior Notes (1)
$300.0 $295.0 $300.0 $296.2 
(1) Excludes the impact of unamortized debt issuance costs.