XML 146 R136.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value Measurement - Schedule of Fair Values of Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Investment in equity securities [1] $ 3.5 $ 3.8
Foreign currency exchange derivatives [2] 0.5 12.7
Liabilities:    
Foreign currency exchange derivatives [2] 3.4 1.6
SERP Plan [Member]    
Assets:    
SERP plan assets [3] 14.1 13.8
Level 1    
Assets:    
SERP plan assets 190.7 171.7
Investment in equity securities [1] 3.5 3.8
Level 1 | SERP Plan [Member]    
Assets:    
SERP plan assets [3] 14.1 13.8
Level 2    
Assets:    
SERP plan assets 28.0 26.7
Foreign currency exchange derivatives [2] 0.5 12.7
Liabilities:    
Foreign currency exchange derivatives [2] 3.4 1.6
Level 3    
Assets:    
SERP plan assets $ 0.6 $ 0.5
[1] Represents investments in equity securities for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Consolidated Statements of Income.
[2] Based on observable market transactions of forward currency prices.
[3] Represents investments held in a rabbi trust for the Company’s non-qualified supplemental executive retirement plan (SERP). The fair values of these investments are determined using a market approach. Investments include mutual funds for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Consolidated Statements of Income.