FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Below are the three levels of inputs that may be used to measure fair value:


			Level 1			Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

			Level 2			Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

			Level 3			Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis

The fair values of the Company’s financial assets and liabilities that are required to be measured on a recurring basis at fair value were as follows:


	December 31, 2021					December 31, 2020
	Fair Value Measurements Using					Fair Value Measurements Using
	Level 1		Level 2		Level 3	Level 1		Level 2		Level 3
Assets:
Interest rate swap agreements	—		$	11.0	—	—		$	29.2	—
Investments in equity securities (1)	$	37.1	—		—	—		$	6.0	—
Liabilities:
Interest rate swap agreements	—		—		—	—		$	0.1	—
Fair value of debt related to interest rate swap agreements (2)	$	12.2	—		—	$	31.4	—		—

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(1) Investments in equity securities are recorded in Notes receivable and other non-current assets in the consolidated balance sheet at fair value. Unrealized holding gains and losses for equity securities are recorded in Other income (expense) in the consolidated statements of operations in the current period. During the year ended December 31, 2021, the Company recognized unrealized gains of $6.1 million for equity securities held as of December 31, 2021.

(2) Included in the carrying values of the corresponding debt obligations.