XML 43 R31.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value Measurements (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Fair Value Disclosures [Abstract]    
Fair Value, Liabilities Measured on Recurring Basis
The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2023:
In millionsFair ValueFair value measurements
Level 1Level 2Level 3
Assets:
Derivative instruments$1.2 $— $1.2 $— 
Liabilities:
Derivative instruments9.9 — 9.9 — 
Contingent consideration— — — — 
The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2022:
In millionsFair ValueFair value measurements
Level 1Level 2Level 3
Assets:
Derivative instruments$5.1 $— $5.1 $— 
Liabilities:
Derivative instruments11.9 — 11.9 — 
Contingent consideration49.3 — — 49.3 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The changes in the fair value of the Company's Level 3 liabilities were as follows:
In millionsSeptember 30,
2023		December 31,
2022
Balance at beginning of period$49.3 $96.2 
Change in fair value of contingent consideration (49.3)(46.9)
Balance at end of period$— $49.3 
  
Fair Value Measurement Inputs and Valuation Techniques The following inputs and assumptions were used in the Monte Carlo simulation model to estimate the fair value of the contingent consideration:
September 30,
2023		December 31,
2022
Discount rate13.00 %12.00 %
Volatility 20.00 %20.00 %