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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
As indicated in the tables below, the Company has determined that all of its financial assets and liabilities as of December 31, 2024 and 2023 are Level 1 and Level 2 in the fair value hierarchy as defined above:

December 31, 2024
(in millions)Level 1Level 2Total
Financial assets:
Trading equity securities:
Deferred compensation programs' mutual funds$5.1 $— $5.1 
Preferred stocks0.3 — 0.3 
Equity funds0.6 — 0.6 
Trading debt securities:
Corporate bonds3.2 — 3.2 
Agency bonds— 1.5 1.5 
U.S. government securities2.4 — 2.4 
Asset-backed securities— 7.1 7.1 
Exchange traded funds0.8 — 0.8 
Mortgage backed securities— 0.4 0.4 
Other0.2 0.3 0.5 
Total financial assets$12.6 $9.3 $21.9 
Financial liabilities:
Deferred compensation programs' liabilities$— $6.1 $6.1 
Total financial liabilities$— $6.1 $6.1 

December 31, 2023
(in millions)Level 1Level 2Total
Financial assets:
Trading equity securities:
Deferred compensation programs' mutual funds$4.2 $— $4.2 
Preferred stocks0.3 — 0.3 
Equity funds0.7 — 0.7 
Trading debt securities:
Corporate bonds3.4 — 3.4 
Agency bonds— 2.5 2.5 
U.S. government securities1.9 — 1.9 
Asset-backed securities— 4.0 4.0 
Exchange traded funds1.3 — 1.3 
Mortgage backed securities— 0.5 0.5 
Other0.2 0.5 0.7 
Total financial assets$12.0 $7.5 $19.5 
Financial liabilities:
Derivative financial instruments$— $0.1 $0.1 
Deferred compensation programs' liabilities— 5.5 5.5 
Total financial liabilities$— $5.6 $5.6