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Fair Value Measurements, Equity Investments and Other Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy of Financial Instruments
The fair value, measured on a recurring basis, of our financial instruments, using the fair value hierarchy under U.S. GAAP are included in the table below.
 December 31, 2021
(In millions)Total Fair ValueLevel 1Level 2Level 3
Cash equivalents$290.0 $290.0 $— $— 
Derivative financial and hedging instruments net asset:    
Foreign currency forward contracts$2.1 $— $2.1 $— 
 December 31, 2020
(In millions)Total Fair ValueLevel 1Level 2Level 3
Cash equivalents$235.1 $235.1 $— $— 
Derivative financial and hedging instruments net asset:    
Foreign currency forward and option contracts$0.3 $— $0.3 $— 
Carrying Value of Investments Without Readily Determinable Fair Value The following carrying value of these investments were included within Other non-current assets in our Consolidated Balance Sheets.
December 31,
(In millions)202120202019
Carrying value at the beginning of period$25.4 $7.5 $7.5 
Purchases14.7 2.6 — 
Impairments or downward adjustments— — — 
Upward adjustments6.6 15.1 — 
Currency translation on investments(0.9)0.2 — 
Carrying value at the end of period$45.8 $25.4 $7.5 
Carrying Amounts and Estimated Fair Values of Debt
The table below shows the carrying amounts and estimated fair values of our debt, excluding our lease liabilities:
 December 31, 2021December 31, 2020
(In millions)Interest rateCarrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Term Loan A Facility due August 2022$474.9 $474.9 $474.7 $474.7 
Term Loan A Facility due July 2023(1)
37.1 37.1 220.0 220.0 
Senior Notes due December 20224.875 %— — 423.3 446.0 
Senior Notes due April 20235.250 %423.8 441.9 422.9 450.8 
Senior Notes due September 2023(1)
4.500 %451.9 479.1 490.2 537.5 
Senior Notes due December 20245.125 %422.8 455.8 422.1 466.8 
Senior Notes due September 20255.500 %398.2 443.3 397.8 446.7 
Senior Secured Notes due October 20261.573 %595.0 581.3 — — 
Senior Notes due December 20274.000 %421.4 443.8 420.9 453.6 
Senior Notes due July 20336.875 %446.2 571.9 446.0 594.4 
Other foreign borrowings(1)
1.3 1.3 8.8 9.1 
Other domestic borrowings6.7 6.7 — — 
Total debt(2)
$3,679.3 $3,937.1 $3,726.7 $4,099.6 
 
       
(1)Includes borrowings denominated in currencies other than U.S. dollars.
(2)The carrying amount and estimated fair value of debt exclude lease liabilities.