v3.24.2
DERIVATIVES AND HEDGING (Tables)
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The outstanding contracts as of June 30, 2024 are summarized in the table below.
Contract DateNotional
Value
Maturity Date
March 28, 2023$150.0 August 8, 2024
June 28, 2023200.0 August 8, 2025
May 21, 2024175.0 June 1, 2027
November 8, 2021162.7 June 1, 2027
May 10, 2024100.0 June 1, 2027
May 21, 2024225.0 August 15, 2029
December 7, 2023150.0 August 15, 2029
The following table summarizes the unrealized gains (losses) for the three and six months ended June 30, 2024 and 2023.
Three Months EndedSix Months Ended
June 30,June 30,June 30,June 30,
2024202320242023
Gains (losses)$7.7 $(11.3)$32.0 $(16.9)
Tax effect(1.9)2.7 (7.9)4.1 
Gains (losses), net of taxes
$5.8 $(8.6)$24.1 $(12.8)
Schedule of Derivative Instruments Fair Value
The following table summarizes amounts recognized in the Consolidated Balance Sheets for cross currency swap contracts. See Note 13 for additional information on the fair value of these contracts.
June 30,December 31,June 30,
202420232023
Other current assets$1.5 $— $— 
Other assets7.0 — — 
Other accruals— 12.0 5.0 
Other long-term liabilities0.1 12.4 2.8