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Fair Value of Financial Instruments
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments
22. Fair Value of Financial Instruments

Fair Value of Financial Instruments Not Measured at Fair Value

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments, which were not measured at fair value on a recurring basis. The table excludes carrying amounts for cash and cash equivalents and restricted cash, accounts receivable and contract assets, accounts payable, contract liabilities and other current liabilities, and other assets and liabilities that approximate fair value due to relatively short periods to maturity (in millions):

December 31, 2022Fair Value Measurement Using:
Carrying ValueEstimated Fair ValueLevel 1Level 2Level 3
Assets
Other invested assets$11.3 $11.3 $— $— $11.3 
Total assets not accounted for at fair value$11.3 $11.3 $— $— $11.3 
Liabilities
Debt obligations (1)
$712.3 $643.0 $— $643.0 $— 
Total liabilities not accounted for at fair value$712.3 $643.0 $— $643.0 $— 
December 31, 2021Fair Value Measurement Using:
Carrying ValueEstimated Fair ValueLevel 1Level 2Level 3
Assets
Other invested assets$11.3 $11.3 $— $— $11.3 
Total assets not accounted for at fair value$11.3 $11.3 $— $— $11.3 
Liabilities
Debt obligations (1)
$626.3 $648.2 $— $648.2 $— 
Total liabilities not accounted for at fair value$626.3 $648.2 $— $648.2 $— 
(1) Excludes operating lease obligations accounted for under ASC 842, Leases.Debt Obligations. The fair value of the Company’s long-term obligations was determined using reporting from Citadel Securities. The methodology combines direct market observations from contributed sources with quantitative pricing models to generate evaluated prices and classified as Level 2.