Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Our financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in millions):

			Fair Value Measurements at Reporting Date Using
As of December 31, 2021	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation Technique (1)
Other long-term assets:
Equity securities	$	82.2	$	4.1	$	78.1	$	—	M
Redeemable noncontrolling interests	42.2		—		—		42.2		I
As of December 31, 2020
Other long-term assets:
Equity securities	$	72.6	$	—	$	72.6	$	—	M
Redeemable noncontrolling interests	31.6		—		—		31.6		I

(1)The three valuation techniques are: market approach (M), cost approach (C), and income approach (I).

Schedule of Carrying Amounts and Estimated Fair Values, Financial Instruments

The carrying amounts and estimated fair values for our other financial instruments are presented in the following table (in millions):

	As of December 31, 2021				As of December 31, 2020
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Long-term debt:
Advances under revolving credit facility	$	200.0	$	200.0	$	—	$	—
Term loan facilities	238.5		239.6		251.6		253.1
5.125% Senior Notes due 2023	99.6		100.2		298.1		302.6
5.75% Senior Notes due 2025	347.0		357.9		346.3		361.4
4.50% Senior Notes due 2028	786.8		823.0		785.0		840.0
4.75% Senior Notes due 2030	784.7		824.0		783.2		856.0
4.625% Senior Notes due 2031	393.7		407.0		393.2		424.9
Other notes payable	49.6		49.6		39.8		39.8
Financial commitments:
Letters of credit	—		38.2		—		36.7