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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Financial Instruments  
Schedule of fair value of financial assets and liabilities

Fair Value Measurement at December 31, 2023 Using:

Quoted Prices in Active

Significant Other

Significant

Markets for Identical

Observable

Unobservable

Assets

Inputs

Inputs

    

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

(in millions)

Assets

Plan asset for deferred compensation(1)

$

2.3

$

2.3

$

$

Interest rate swap(2)

$

6.5

$

$

6.5

$

Total assets

$

8.8

$

2.3

$

6.5

$

Liabilities

Plan liability for deferred compensation(3)

$

2.3

$

2.3

$

$

Interest rate swap(4)

$

2.0

$

$

2.0

$

Designated foreign currency hedges(5)

$

0.2

$

$

0.2

$

Total liabilities

$

4.5

$

2.3

$

2.2

$

Fair Value Measurements at December 31, 2022 Using:

Quoted Prices in Active

Significant Other

Significant

Markets for Identical

Observable

Unobservable

    

Assets

Inputs

 Inputs

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

(in millions)

Assets

Plan asset for deferred compensation(1)

$

1.9

$

1.9

$

$

Interest rate swap(2)

$

9.3

$

$

9.3

$

Designated foreign currency hedges(5)

$

0.2

$

$

0.2

$

Total assets

$

11.4

$

1.9

$

9.5

$

Liabilities

Plan liability for deferred compensation(3)

$

1.9

$

1.9

$

$

Contingent consideration(6)

$

2.5

$

$

$

2.5

Total liabilities

$

4.4

$

1.9

$

$

2.5

(1)Included on the Company’s consolidated balance sheet in other assets (other, net).

(2)As of December 31, 2023, $3.4 million classified in prepaid expenses and other current assets on the Company’s consolidated balance sheet and $3.0 million classified in other assets (other, net).

(3)Included on the Company’s consolidated balance sheet in accrued compensation and benefits.

(4)As of December 31, 2023, $0.2 million classified in accrued expenses and other liabilities on the Company’s consolidated balance sheet and $1.8 million classified in other noncurrent liabilities.

(5)Included on the Company’s consolidated balance sheet in prepaid expenses and other current assets.

(6)Included on the Company’s consolidated balance sheet in other noncurrent liabilities.