XML 51 R34.htm IDEA: XBRL DOCUMENT v3.25.4
Derivatives and Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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, at December 31 were as follows:
 20252024
In millionsRecorded AmountFair ValueRecorded AmountFair Value
Variable rate debt$852.7 $852.7 $843.8 $843.8 
Fixed rate debt800.0 828.2 819.3 814.3 
Total debt$1,652.7 $1,680.9 $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:
December 31, 2025
In millionsLevel 1Level 2Level 3NAVTotal
Recurring fair value measurements
Interest rate contract liabilities
$— $(0.2)$— $— $(0.2)
Foreign currency contract liabilities— (68.8)— — (68.8)
Deferred compensation plan assets32.3 — — — 32.3 
Contingent earn-out liabilities
— — (8.0)— (8.0)
Total recurring fair value measurements$32.3 $(69.0)$(8.0)$— $(44.7)
Nonrecurring fair value measurements (1)
1) During the year ended December 31, 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 expense in the Consolidated Statements of Operations and Comprehensive Income.
December 31, 2024
In millionsLevel 1Level 2Level 3NAVTotal
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 assets15.0 — — 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