v3.24.1.u1
Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Fair Value Disclosures [Abstract]    
Fair Value, Liabilities Measured on Recurring Basis
The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2024:
In millionsFair ValueFair value measurements
Level 1Level 2Level 3
Assets:
Derivative instruments$2.3 $— $2.3 $— 
Liabilities:
Derivative instruments4.4 — 4.4 — 
Contingent consideration86.2 — — 86.2 
The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2023:
In millionsFair ValueFair value measurements
Level 1Level 2Level 3
Assets:
Derivative instruments$4.1 $— $4.1 $— 
Liabilities:
Derivative instruments4.8 — 4.8 — 
Contingent consideration90.3 — — 90.3 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The changes in the fair value of the Company's Level 3 liabilities were as follows:
In millionsMarch 31,
2024
Balance at beginning of period$90.3 
Measurement period adjustment(4.1)
Balance at end of period$86.2