Other Assets and Liabilities

9 Months Ended

Sep. 30, 2024

Other Assets And Other Liabilities [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Other Non-Current Assets:

	September 30, 2024		December 31, 2023
Right of use assets (1)	$	45.5	$	43.1
Prepaid pension assets	5.7		5.6
Investments	31.8		20.6
Deferred income tax	17.3		17.2
Long-term contract assets	27.1		18.0
Prepaid cloud computing fees and deferred implementation costs	37.9		23.2
Other (2)	90.6		60.1
Total	$	255.9	$	187.8

(1)We recognized $12.5 million related to new operating leases for the nine months ended September 30, 2024.

(2)Increase was primarily related to prepayments for long-term technology vendor contracts and deferred costs related to our Revolving Credit facility resulting from the amendment of the credit agreement in January 2024.

Other Accrued and Current Liabilities:

	September 30, 2024		December 31, 2023
Accrued operating costs	$	104.8	$	94.3
Accrued interest expense	10.1		5.3
Short-term lease liability (1)	15.4		15.0
Accrued income tax	13.2		15.3
Other accrued liabilities (2)	70.8		66.2
Total	$	214.3	$	196.1

(1)We recognized $0.1 million related to new operating leases for the nine months ended September 30, 2024.

(2)The increase was primarily driven by higher cross-currency interest rate swap liabilities, partially offset by payments for prior year accrued liabilities.

Other Non-Current Liabilities:

	September 30, 2024		December 31, 2023
Deferred revenue - long term	$	24.8	$	19.7
U.S. tax liability associated with the 2017 Act	16.3		29.4
Long-term lease liability (1)	36.4		33.8
Liabilities for unrecognized tax benefits	15.2		19.8
Other	17.2		15.5
Total	$	109.9	$	118.2

(1)We recognized $12.4 million related to new operating leases for the nine months ended September 30, 2024.