Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Recurring Fair Value Measurements

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 (in millions):

	As of March 31, 2025
	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents - money market funds	$	1.1	$	1.1	$	—	$	—
Deferred compensation plan assets	28.1		28.1		—		—
Interest rate swap agreements	4.2		—		4.2		—
Foreign currency forward contracts	1.0		—		1.0		—
Total	$	34.4	$	29.2	$	5.2	$	—
Liabilities
Deferred compensation plan liabilities	$	22.1	$	22.1	$	—	$	—
Interest rate swap agreements	1.6		—		1.6		—
Foreign currency forward contracts	1.8		—		1.8		—
Earn-out liabilities	16.7		—		—		16.7
Total	$	42.2	$	22.1	$	3.4	$	16.7

	As of December 31, 2024
	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents - money market funds	$	1.0	$	1.0	$	—	$	—
Deferred compensation plan assets	30.1		30.1		—		—
Interest rate swap agreements	11.3		—		11.3		—
Foreign currency forward contracts	1.3		—		1.3		—
Total	$	43.7	$	31.1	$	12.6	$	—
Liabilities
Deferred compensation plan liabilities	$	26.4	$	26.4	$	—	$	—
Interest rate swap agreements	3.0		—		3.0		—
Foreign currency forward contracts	1.7		—		1.7		—
Earn-out liabilities	13.6		—		—		13.6
Total	$	44.7	$	26.4	$	4.7	$	13.6

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation of earn-out liabilities measured at fair value using significant unobservable inputs (Level 3) (in millions):

	Earn-out Liabilities
	2025		2024
Balance as of January 1,	$	13.6	$	25.6
Purchases/additions	3.1		—
Net change in fair value and other adjustments	—		0.5
Payments	—		(0.5)
Balance as of March 31,	$	16.7	$	25.6