Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

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 March 31, 2025								As of December 31, 2024
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents	$	255.2	$	255.2	$	—	$	—	$	296.7	$	296.7	$	—	$	—
Derivative financial instruments	14.1		—		14.1		—		22.3		—		22.3		—
Total financial assets	$	269.3	$	255.2	$	14.1	$	—	$	319.0	$	296.7	$	22.3	$	—
Financial liabilities:
Contingent consideration	$	0.6	$	—	$	—	$	0.6	$	0.6	$	—	$	—	$	0.6

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, 2025	$	0.6
Accretion in value	0.0
Contingent consideration liability - March 31, 2025	$	0.6

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 March 31, 2025				As of December 31, 2024
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior Notes(1)	$	300.0	$	296.9	$	300.0	$	295.0

(1)Excludes the impact of unamortized debt issuance costs.