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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Company's Financial Assets and (Liabilities) at Fair Value on Recurring Basis
The following table summarizes the basis used to measure the Company’s financial assets (liabilities) at fair value on a recurring basis in the balance sheets at June 30, 2025 and December 31, 2024:

Basis of Fair Value Measurements
 June 30, 2025December 31, 2024
 Level 1Level 1
Trading securities - mutual funds held in nonqualified SERP(1)
$11.2 $10.6 

(1) The Supplemental Executive Retirement Plan (“SERP”) investment assets are offset by a SERP liability which represents the Company’s obligation to distribute SERP funds to participants. The SERP investment assets and liability are included in Other noncurrent assets and Other noncurrent liabilities, respectively, on the Condensed Consolidated Balance Sheets.
Schedule of Fair Value of the Outstanding Indebtedness
The following table provides the fair value of the outstanding indebtedness described in Note 8, “Borrowings,” which is based on quoted market prices and current market rates for debt with similar credit risk and maturity, as well as the carrying value. These fair value measurements are classified as Level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market, including interest rates on recent financing transactions to entities with a credit rating similar to the Company’s rating.

June 30, 2025December 31, 2024
Fair ValueCarrying AmountFair ValueCarrying Amount
Total Borrowings, less unaccreted debt discount$1,777.4 $1,856.8 $1,855.0 $1,970.1