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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities at carrying and fair value
A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):
Quoted Prices in
Active Market
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
December 31, 2022:
Liabilities:
Deferred compensation plans$— $15.8 $— $15.8 
Contingent consideration$— $— $6.0 $6.0 
December 31, 2021:
Liabilities:
Interest rate swap derivative contracts$— $2.2 $— $2.2 
Cross-currency swap derivative contracts$— $17.4 $— $17.4 
Deferred compensation plans$— $16.5 $— $16.5 
The carrying amounts and fair values of the Company’s financial instruments as of December 31, were as follows ($ in millions):
20222021
 Carrying AmountFair ValueCarrying AmountFair Value
Liabilities:
Contingent consideration$6.0 $6.0 $— $— 
Interest rate swap derivative contracts$— $— $2.2 $2.2 
Cross-currency swap derivative contracts$— $— $17.4 $17.4 
Convertible senior notes due 2025$510.0 $873.0 $432.1 $1,162.5 
Long-term debt$870.7 $870.7 $883.4 $883.4