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Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Instruments in Consolidated Balance Sheet
Fair Values of Derivative Instruments in the Consolidated Balance Sheets
 
 Asset derivativesLiability derivatives
 September 30, 2021December 31, 2020September 30, 2021December 31, 2020
 Balance sheet
location
Fair valueBalance sheet
location
Fair valueBalance sheet
location
Fair valueBalance sheet
location
Fair value
Derivatives designated as hedging instruments
Interest rate contractsOther current
assets
$0.4 Other current
assets
$— Other accrued &
current liabilities
$— Other accrued &
current liabilities
$1.0 
Total derivatives designated as hedging instruments$0.4 $— $— $1.0 
Derivatives not designated as hedging instruments
Foreign exchange collarOther current assets$— Other current assets$23.5 $— $— 
Foreign exchange forward contractsOther current
assets
0.4 Other current
assets
2.0 Other accrued &
current liabilities
2.8 Other accrued &
current liabilities
0.9 
Total derivatives not designated as hedging instruments$0.4 $25.5 $2.8 $0.9 
Total derivatives$0.8 $25.5 $2.8 $1.9 
Schedule of Effect of Derivative Instruments on Consolidated Statement of Operations and Comprehensive Income (Loss) The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Amount of gain or (loss) recognized in OCI on derivativeAmount of gain or (loss) reclassified from accumulated OCI into incomeAmount of gain or (loss) recognized in income on derivative
Three months ended September 30, Three months ended September 30, Three months ended September 30,
Derivatives in cash flow hedging relationships20212020Location of gain or (loss) reclassified from accumulated OCI into income20212020Location of gain or (loss) recognized in income on derivative20212020
Interest contracts$(0.2)$0.8 Interest expense$(0.9)$(0.8)Interest expense$(0.9)$(0.8)
Amount of gain or (loss) recognized in OCI on derivativeAmount of gain or (loss) reclassified from accumulated OCI into incomeAmount of gain or (loss) recognized in income on derivative
Nine months ended September 30, Nine months ended September 30, Nine months ended September 30,
Derivatives in cash flow hedging relationships20212020Location of gain or (loss) reclassified from accumulated OCI into income20212020Location of gain or (loss) recognized in income on derivative20212020
Interest contracts$1.4 $0.1 Interest expense$(2.4)$(2.1)Interest expense$(2.4)$(2.1)




Amount of gain (loss) recognized in income on derivatives
Three months ended September 30, Nine months ended September 30,
Derivatives not designated as hedging instrumentsLocation of gain or (loss) recognized in income on derivatives2021202020212020
Make-whole derivative liabilityNon-operating income (expenses) – net$— $— $— $(32.8)
Foreign exchange collarNon-operating income (expenses) – net$— $— $(2.5)$— 
Foreign exchange forward contractsNon-operating income (expenses) – net$(3.6)$4.0 $(2.1)$3.5 
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes fair value measurements by level at September 30, 2021 for assets and liabilities measured at fair value on a recurring basis:
Quoted prices in
active markets
for identical
assets (level I)
Significant other
observable
inputs (level II)
Significant
unobservable
inputs
(level III)
Balance at
September 30,
2021
Assets:
Cash equivalents (1)$10.0 $— $— $10.0 
Other current assets:
Foreign exchange forwards (2)$— $0.4 $— $0.4 
Swap arrangements (4)$— $0.4 $— $0.4 
Liabilities:
Other accrued and current liabilities:
Foreign exchange forwards (2)$— $2.8 $— $2.8 
The following table summarizes fair value measurements by level at December 31, 2020 for assets and liabilities measured at fair value on a recurring basis:
Quoted prices in
active markets
for identical
assets (level I)
Significant other
observable
inputs (level II)
Significant
unobservable
inputs
(level III)
Balance at December 31, 2020
Assets:
Cash equivalents (1)$212.3 $— $— $212.3 
Other current assets:
Foreign exchange forwards (2)$— $2.0 $— $2.0 
Foreign exchange collar (3)$— $23.5 $— $23.5 
Other accrued and current liabilities:
Foreign exchange forwards (2)$— $0.9 $— $0.9 
Swap arrangements (4)$— $1.0 $— $1.0 
(1)The carrying value of cash equivalents represents fair value as they consist of highly liquid investments with an initial term from the date of purchase by the Company to maturity of three months or less.
(2)Primarily represents foreign currency forward contracts. Fair value is determined based on observable market data and considers a factor for nonperformance in the valuation.
(3)Represents foreign currency collar entered in October 2020 in connection with the acquisition of Bisnode, which was settled on January 8, 2021 with a total gain of $21.0 million. Fair value is determined based on observable market data.
(4)Represents interest rate swap agreements. Fair value is determined based on observable market data.
Schedule of Carrying Amount and Estimated Fair Value of Liabilities The estimated fair values of other financial instruments subject to fair value disclosures, determined based on valuation models using discounted cash flow methodologies with market data inputs from globally recognized data providers and third-party quotes from major financial institutions (categorized as Level II in the fair value hierarchy), are as follows:
 
 Balance at
 September 30, 2021December 31, 2020
 Carrying
amount
Fair valueCarrying
amount
Fair value
Short-term and Long-term Debt (1)$850.1 $1,015.2 $847.2 $1,056.1 
New Term Loan Facility (2)$2,721.5 $2,812.4 $2,433.9 $2,476.2 
(1)Includes New Senior Notes (long-term) at September 30, 2021 and December 31, 2020.
(2)Includes short-term and long-term portions of the New Term Loan Facility.