Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and December 31, 2024 (in millions):

			March 31, 2025				December 31, 2024
	March 31, 2025		Assets		Liabilities		Assets		Liabilities
Derivative Instrument	Notional		Fair Value		Fair Value		Fair Value		Fair Value
Designated:
Cash flow hedges:
Interest rate swaps	$	1,973.6	$	4.2	$	1.6	$	11.3	$	3.0
Non-designated:
Foreign currency forward contracts	$	554.0	$	1.0	$	1.8	$	1.3	$	1.7

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

The following table presents the effect of derivatives designated as cash flow hedges in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024 (in millions):

	Beginning Accumulated Other Comprehensive (Gain) Loss(1)		Amount of Loss (Gain) Recognized in Other Comprehensive Loss on Derivatives(2)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Statement of Operations(3)		Ending Accumulated Other Comprehensive (Gain) Loss
Three Months Ended March 31, 2025
Interest rate cash flow hedges	$	(25.2)	$	4.0	$	5.4	$	(15.8)
Three Months Ended March 31, 2024
Interest rate cash flow hedges	$	(37.0)	$	(22.1)	$	11.4	$	(47.7)

(1) Amount is net of related deferred tax benefit of $2.5 million and $2.5 million as of March 31, 2025 and 2024, respectively.

(2) Amount is net of related deferred tax benefit of $1.2 million and expense of $4.3 million for the three months ended March 31, 2025 and 2024, respectively.

(3) Amount is net of related deferred tax expense of $0.9 million and $0.0 million for the three months ended March 31, 2025 and 2024, respectively.