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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Valuation of Foreign Currency Exchange Contracts by Pricing Levels
The following table summarizes the valuation of our foreign currency forward contracts and interest rate hedge agreements (see Note 15) that are measured at fair value on a recurring basis and are classified within Level 2 of the fair value hierarchy as of the periods presented below (in millions):
Level 2 Fair Value
June 30, 2025
Foreign currency forward contracts—asset position$1.5 
Foreign currency forward contracts—liability position(9.5)
Interest rate hedge agreements—asset position1.8 
Interest rate hedge agreements—liability position(1.8)
Total$(8.0)
December 31, 2024
Foreign currency forward contracts—asset position$5.7 
Foreign currency forward contracts—liability position(1.0)
Interest rate hedge agreements—asset position7.8
Interest rate hedge agreements—liability position— 
Total$12.5 
Schedule of Fair Value Relating to Financial Assets and Liabilities
The table below presents information about the fair value of our financial assets and liabilities, and is provided for comparative purposes only relative to the carrying values recognized in the condensed consolidated balance sheets as of the periods presented below (in millions):
 June 30, 2025December 31, 2024
Measurement LevelCarrying
Value
Fair
Value
Carrying
Value
Fair 
Value
2025 Japan ABL Credit FacilityLevel 2$48.6 $48.6 $— $— 
2022 Japan ABL Credit FacilityLevel 2$— $— $25.4 $25.4 
2023 Term Loan BLevel 2$1,171.9 $1,145.5 $1,178.1 $1,175.2 
Convertible NotesLevel 2$258.3 $251.0 $258.3 $250.1 
Equipment NotesLevel 2$8.8 $8.1 $11.7 $10.7 
Mortgage LoansLevel 2$43.9 $50.5 $44.3 $53.0