v3.24.1.u1
Fair Value Measurements, Equity Investments and Other Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy of Financial Instruments
The fair value, measured on a recurring basis, of our financial instruments, using the fair value hierarchy under U.S. GAAP, are included in the table below.
 March 31, 2024
(In millions)Total Fair ValueLevel 1Level 2Level 3
Cash equivalents$46.4 $46.4 $— $— 
Derivative financial and hedging instruments net asset (liability):    
Foreign currency forward contracts$4.4 $— $4.4 $— 
Cross-currency swaps$(8.8)$— $(8.8)$— 
 
 December 31, 2023
(In millions)Total Fair ValueLevel 1Level 2Level 3
Cash equivalents$40.2 $40.2 $— $— 
Derivative financial and hedging instruments net asset (liability):
Foreign currency forward contracts$0.8 $— $0.8 $— 
Cross-currency swaps$(19.9)$— $(19.9)$— 
Carrying Value of Investments Without Readily Determinable Fair Values The following carrying value of these investments were included within Other non-current assets in our Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023:
(In millions)March 31, 2024December 31, 2023
Carrying value at the beginning of period$13.8 $13.3 
Purchases— — 
Impairments or downward adjustments— — 
Upward adjustments— — 
Currency translation on investments(0.3)0.5 
Carrying value at the end of period$13.5 $13.8 
Carrying Amounts and Estimated Fair Values of Debt
The table below shows the carrying amounts and estimated fair values of our debt, excluding our lease liabilities.
 March 31, 2024December 31, 2023
(In millions)Interest rateCarrying AmountFair ValueCarrying AmountFair Value
Term Loan A due March 2027(1)
$1,025.7 $1,025.7 $1,050.1 $1,050.1 
Senior Notes due September 20255.500 %399.3 398.6 399.1 400.7 
Senior Secured Notes due October 20261.573 %597.3 541.7 597.0 539.5 
Senior Notes due December 20274.000 %422.7 397.9 422.5 399.4 
Senior Notes due February 20286.125 %765.3 775.7 764.8 780.8 
Senior Notes due April 20295.000 %421.8 407.4 421.7 410.8 
Senior Notes due February 20317.250 %421.0 441.9 420.9 450.3 
Senior Notes due July 20336.875 %446.7 468.5 446.7 477.0 
Other foreign borrowings(1)
84.6 84.6 94.1 94.1 
Other domestic borrowings57.1 57.1 65.9 65.0 
Total debt(2)
$4,641.5 $4,599.1 $4,682.8 $4,667.7 
(1)Includes borrowings denominated in currencies other than U.S. dollars.
(2)The carrying amount and estimated fair value of debt exclude lease liabilities.