XML 64 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The fair value and carrying value of our material fixed-rate debt, excluding any unamortized debt issuance costs, are as follows:
December 31,
(In millions)20212020
$600 million Senior unsecured notes
Carrying value$600.0 600.0 
Fair value625.7 640.9 
$400 million Senior unsecured notes
Carrying value$400.0 400.0 
Fair value414.8 426.8 
Derivatives Not Designated as Hedging Instruments
Amounts under these contracts were recognized in other operating income (expense) and in interest and other nonoperating income and expense as follows:
Twelve Months Ended December 31,
(In millions)202120202019
Derivative instrument gains (losses) included in other operating income (expense)$24.2 (3.0)6.9 
Derivative instrument losses included in other nonoperating income (expense)(a)
— (7.0)— 
(a)Represents net losses on foreign currency forward contracts related to acquisitions of business operations from G4S.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
Amounts under this contract were recognized in other operating income (expense) to offset transaction gains or losses and in interest expense as follows:
Twelve Months Ended December 31,
(In millions)202120202019
Derivative instrument gains included in other operating income (expense)$0.2 22.1 5.8 
Offsetting transaction losses(0.2)(22.1)(5.8)
Derivative instrument losses included in interest expense(1.3)(1.9)(5.1)
  Net derivative instrument gains (losses)(1.1)20.2 0.7 
Schedule of Interest Rate Derivatives
Twelve Months Ended December 31,
(In millions) 202120202019
Interest rate swaps designated as cash flow hedges$9.8 7.7 1.0 
Cross currency swaps designated as net investment hedges(4.1)— — 
Net derivative instrument losses included in interest expense$5.7 7.7 1.0