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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Measurements  
Schedule of Fair Value Measurements

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in millions):

    

September 30, 2023

    

December 31, 2022

    

Carrying 

    

Fair value

    

Carrying 

    

Fair value

amount

Level 1

Level 2

Level 3

amount

Level 1

Level 2

Level 3

Assets:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Cash and cash equivalents (Note 2)

$

4.5

$

4.5

$

$

$

11.8

$

11.8

$

$

Interest rate swaps (Note 7)

2.2

2.2

Note receivable (Note 1)

235.0

235.0

Investment in DNB (Note 4)

89.6

89.6

Liabilities and redeemable noncontrolling interests:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

OB PIUs (Note 1 and Note 12)

 

22.2

 

 

 

22.2

 

47.6

 

 

 

47.6

Contingent consideration

 

0.1

 

 

 

0.1

 

0.7

 

 

 

0.7

Schedule of the change in fair value of our Level 3 fair value measurements

The following table presents a summary of the change in fair value of our Level 3 fair value measurements (in millions):

Beginning balance, December 31, 2022

    

$

48.3

Contingent consideration adjustments

(0.6)

Redemption of OB PIUs (Note 12)

(22.8)

Fair value adjustment to OB PIUs

(2.6)

Note receivable (Note 1)

235.0

Ending balance, September 30, 2023

$

257.3