XML 56 R45.htm IDEA: XBRL DOCUMENT v3.24.3
Derivatives and Hedging (Tables)
 9 Months Ended
Sep. 30, 2024
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 InstrumentsBalance Sheet LocationSeptember 30, 2024December 31, 2023
Assets:
Accrued interest receivable on cross-currency rate swapsPrepaid expenses and other currents assets$0.1 $0.1 
Interest rate swapOther non-current assets— 0.1 
Total assets$0.1 $0.2 
Liabilities:
Cross-currency rate swapAccrued expenses and other current liabilities$11.9 $10.7 
Cross-currency rate swapOther non-current liabilities13.1 12.6 
Interest rate swapOther non-current liabilities$0.4 $— 
Total liabilities$25.4 $23.3 
(1) Refer to Note 16, 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(Loss) Gain Recognized in AOCL
As ofThree Months Ended September 30, 2024Three Months Ended September 30, 2023Nine Months Ended September 30, 2024Nine Months Ended September 30, 2023
September 30, 2024December 31, 2023
Cross-currency rate swaps€238.8 €238.8 $(9.7)$6.9 $(1.8)$1.3 
Total€238.8 €238.8 $(9.7)$6.9 $(1.8)$1.3