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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair value, assets measured on recurring and nonrecurring basis
The table below summarizes the valuation of our financial instruments carried at fair value by the above pricing categories (in millions):
Year Ended
December 31, 2022December 31, 2021
Level 1Level 2Level 3Level 1Level 2Level 3
Measured at fair value on a recurring basis:
Assets:
Investment securities
$0.1 $— $— $0.4 $— $— 
Foreign currency forward contracts
— 4.2 — — 5.7 — 
Foreign currency option contracts— — — — 5.0 — 
Interest Rate Swap Agreements— 3.0 — — — — 
Total assets$0.1 $7.2 $— $0.4 $10.7 $— 
Liabilities:
Foreign currency forward contracts$— $5.2 $— $— $2.4 $— 
Cross-currency swap— 96.1 — — 13.8 — 
Total liabilities$— $101.3 $— $— $16.2 $— 
Measured at fair value on a non-recurring basis:
Assets:
Goodwill(1)
$— $— $— $— $— $71.7 
Total assets$— $— $— $— $— $71.7 
Liabilities
Liabilities held for sale, net(2)
$— $— $— $— $— $16.8 
Total liabilities$— $— $— $— $— $16.8 
(1)     During the year ended December 31, 2021, goodwill with a carrying value of $81.7 million was written down to a fair value of $71.7 million.
(2)    We measured the net assets held for sale for impairment purposes and recorded a total impairment of $162.2 million, resulting in a net liability held for sale balance (refer to Note 3).
Long-term debt fair value
Our fixed rate long-term debt consisted of the following (in millions):
Year Ended
December 31, 2022December 31, 2021
Level 1Level 2Level 1Level 2
Public bonds
Carrying value (excluding discount)$2,544.4 $— $2,760.0 $— 
Fair value$2,225.4 $— $2,847.2 $— 
Private placement note
Carrying value (excluding premium)$— $— $— $153.5 
Fair value$— $— $— $162.6