Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair values of the Company’s derivative instruments that were designated and qualified as part of a hedging relationship (in millions):

		Fair Value (1)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	March 31, 2023		December 31, 2022
Assets:
Accrued Interest Receivable on Cross-Currency Rate Swaps	Prepaid expenses and other currents assets	$	0.1	$	0.1
Total assets		$	0.1	$	0.1
Liabilities:
Cross-Currency Rate Swaps	Other non-current liabilities	$	15.8	$	12.9
Total liabilities		$	15.8	$	12.9
(1) Refer to Note 17, Fair Value Measurements for additional information related to the estimated fair value.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges (in millions):

	Notional Amount				Gain (Loss) Recognized in AOCL
	As of				Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
	March 31, 2023		December 31, 2022
Cross-currency rate swaps	€	238.8	€	238.8	$	(2.9)	$	—
Total	€	238.8	€	238.8	$	(2.9)	$	—