Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivatives

The following table presents the fair value of derivatives as of March 31, 2022 and December 31, 2021 (in millions):

			March 31, 2022				December 31, 2021
	March 31, 2022		Assets		Liabilities		Assets		Liabilities
Derivative Instrument	Notional		Fair Value		Fair Value		Fair Value		Fair Value
Designated:
Cash flow hedges:
Interest rate swaps	$	1,423.6	$	—	$	14.0	$	—	$	84.0
Non-designated:
Foreign currency forward contracts	621.8		1.1		0.6		0.9		1.1

Schedule of Effect of Derivatives As Hedges, Net of Applicable Income Taxes

The following table presents the effect of derivatives designated as hedges, net of applicable income taxes, in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 (in millions):

	Beginning Accumulated Other Comprehensive Loss (Gain)		Amount of Loss (Gain) Recognized in Other Comprehensive Loss on Derivatives		Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Statement of Operations(1)		Ending Accumulated Other Comprehensive Loss (Gain)
Three Months Ended March 31, 2022
Interest rate cash flow hedges	$	84.2	$	(60.7)	$	(9.5)	$	14.0
Three Months Ended March 31, 2021
Interest rate cash flow hedges	$	158.9	$	(28.5)	$	(9.0)	$	121.4

(1) Amount is net of related income tax expense of $0.0 million and $1.1 million for the three months ended March 31, 2022 and 2021, respectively.