XML 60 R30.htm IDEA: XBRL DOCUMENT v3.22.2
Derivative instruments and hedging activities (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of June 30, 2022, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
(in millions, except number of instruments)Number of InstrumentsNotional
Interest rate swaps7$350.0 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company’s derivative financial instruments designated as hedges as well as their classification on the balance sheets:
Asset DerivativesLiability Derivatives
 
June 30, 2022December 31, 2021June 30, 2022December 31, 2021
Balance Sheet LocationFair ValueBalance Sheet LocationFair ValueBalance Sheet LocationFair ValueBalance Sheet LocationFair Value
Interest Rate SwapsOther Current Assets$4.8 Other Current Assets$— Other Current Liabilities $— Other Current Liabilities$4.5 
Other Assets$1.5 Other Assets$— Other Liabilities$— Other Liabilities$1.6 
Derivative Instruments, Gain (Loss)
The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive loss.
Cumulative Amount of Gain/(Loss) Recognized in OCI on Derivative
Location of Gain or (Loss) Reclassified from Accumulated OCL into Income
Amount of Gain/(Loss) Reclassified from Accumulated OCL into Income
June 30,December 31,Six Months Ended June 30,
2022202120222021
Interest Rate Swaps$6.3 $(6.1)Interest expense$(2.3)$(3.0)