Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets

The following table summarizes the fair value of the Company’s derivative instruments as well as the location of the asset and/or liability on the consolidated balance sheets as of December 31, 2022 and December 31, 2021 (in millions):

		Fair Value of Asset Derivatives
		December 31,
	Balance Sheet Location	2022		2021
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Other current assets	$	0.1	$	0.1
Interest rate swap contracts	Other current assets	4.4		—
Interest rate swap contracts	Other assets, net	2.8		—
Total		$	7.3	$	0.1
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other current assets	0.1		0.2
Total asset position		$	7.4	$	0.3

		Fair Value of Liability Derivatives
		December 31,
	Balance Sheet Location	2022		2021
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	2.6	$	—
Interest rate swap contracts	Accounts payable and accrued expenses	—		4.1
Interest rate swap contracts	Other long-term liabilities	—		4.6
		2.6		8.7
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	2.8		0.2
Total liability position		$	5.4	$	8.9

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following tables summarize the net effect of all cash flow hedges on the consolidated financial statements for the years ended December 31, 2022, 2021, and 2020 (in millions):

	Gain (Loss) Recognized in Other Comprehensive Income
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2022		2021		2020
Foreign currency forward contracts	$	2.0	$	2.4	$	0.8
Cross-currency debt swap contracts	—		—		15.1
Interest rate swap agreements	14.2		4.4		(12.9)
	$	16.2	$	6.8	$	3.0

	Gain (Loss) Reclassified from Other Comprehensive Income into Earnings
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2022		2021		2020
Foreign currency forward contracts	$	4.8	$	1.7	$	1.1
Cross-currency debt swap contracts	—		—		18.5
Interest rate swap agreements	(1.6)		(4.8)		(3.9)
	$	3.2	$	(3.1)	$	15.7

Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type

The following table summarizes the location of net gains and losses in the consolidated statements of operations that were recognized during the years ended December 31, 2022, 2021 and 2020, in addition to the derivative contract type (in millions):

		Amount of Net Gain Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments	Location of Net Gain Recognized in Income on Derivative Instruments	Years Ended December 31,
		2022		2021		2020
Foreign currency forward contracts	Other income, net	$	44.5	$	14.4	$	2.2