Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value by Balance Sheet Location

The following table summarizes the fair value of the company’s foreign exchange forward contracts.

	September 30, 2022		December 31, 2021
Balance Sheet Location
Prepaid expenses and other current assets	$	0.1	$	3.6
Other accrued liabilities	13.4		2.1
Total fair value	$	(13.3)	$	1.5

Schedule of Gains and Losses Recognized on Foreign Exchange Forward Contracts

The following table summarizes the location and amount of gains and (losses) recognized on foreign exchange forward contracts.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Statement of Income Location
Other (expense), net	$	(33.1)	$	(11.4)	$	(73.3)	$	(15.7)

Schedule of Fair Values of Financial Instruments Not Measured at Fair Value in Consolidated Balance Sheets

Financial assets with carrying values approximating fair value include cash and cash equivalents and accounts receivable. Financial liabilities with carrying values approximating fair value include accounts payable and other liabilities. The carrying amounts of these financial assets and liabilities approximate fair value due to their short maturities. Such financial instruments are not included in the following table that provides information about the estimated fair values of other financial instruments that are not measured at fair value in the consolidated balance sheets as of September 30, 2022 and December 31, 2021.

	September 30, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt:
6.875% senior secured notes due November 1, 2027	$	479.0	$	381.9	$	478.1	$	527.0