Derivatives and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments

The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows:

	June 30, 2025				December 31, 2024
In millions	Recorded Amount		Fair Value		Recorded Amount		Fair Value
Variable rate debt	$	594.5	$	594.5	$	843.8	$	843.8
Fixed rate debt	819.3		834.7		819.3		814.3
Total debt	$	1,413.8	$	1,429.2	$	1,663.1	$	1,658.1

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring and nonrecurring basis were as follows:

	June 30, 2025
In millions	Level 1		Level 2		Level 3		NAV		Total
Recurring fair value measurements
Interest rate contract assets	$	—	$	0.3	$	—	$	—	$	0.3
Interest rate contract liabilities	—		(0.2)		—		—		(0.2)
Foreign currency contract assets	—		0.1		—		—		0.1
Foreign currency contract liabilities	—		(94.2)		—		—		(94.2)
Deferred compensation plan assets	13.7		—		—		15.4		29.1
Contingent earn-out liabilities	—		—		(8.0)		—		(8.0)
Total recurring fair value measurements	$	13.7	$	(94.0)	$	(8.0)	$	15.4	$	(72.9)
Nonrecurring fair value measurements (1)

(1) During the quarter ended June 30, 2025, we recorded an impairment charge on a definite-lived customer relationship intangible asset of $30.9 million. We determined the value using unobservable inputs and wrote the balance of the definite-lived intangible asset to zero. The impairment charge was recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income.

	December 31, 2024
In millions	Level 1		Level 2		Level 3		NAV		Total
Recurring fair value measurements
Interest rate contract assets	$	—	$	1.9	$	—	$	—	$	1.9
Foreign currency contract assets	—		2.5		—		—		2.5
Foreign currency contract liabilities	—		(16.3)		—		—		(16.3)
Deferred compensation plan assets	15.0		—		—		14.4		29.4
Contingent earn-out liabilities	—		—		(8.0)		—		(8.0)
Total recurring fair value measurements	$	15.0	$	(11.9)	$	(8.0)	$	14.4	$	9.5