v3.24.3
Fair Value Measurements, Equity Investments and Other Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Hierarchy of Financial Instruments
The fair value, measured on a recurring basis, of our financial instruments, using the fair value hierarchy under GAAP, are included in the table below.
 September 30, 2024
(In millions)Total Fair ValueLevel 1Level 2Level 3
Cash equivalents$54.9 $54.9 $— $— 
Derivative financial and hedging instruments net liability:    
Foreign currency forward contracts$(2.7)$— $(2.7)$— 
Cross-currency swaps$(17.5)$— $(17.5)$— 
 
 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)$— $(19.9)$— 
Schedule of 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 September 30, 2024 and December 31, 2023:
(In millions)September 30, 2024December 31, 2023
Carrying value at the beginning of period$13.8 $13.3 
Purchases— — 
Impairments or downward adjustments— — 
Upward adjustments— — 
Currency translation on investments0.1 0.5 
Carrying value at the end of period$13.9 $13.8 
Schedule of 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.
 September 30, 2024December 31, 2023
(In millions)Interest rateCarrying AmountFair ValueCarrying AmountFair Value
Term Loan A due March 2027(1)
$872.9 $872.9 $1,050.1 $1,050.1 
Senior Notes due September 20255.500 %— — 399.1 400.7 
Senior Secured Notes due October 20261.573 %597.8 562.6 597.0 539.5 
Senior Notes due December 20274.000 %423.0 410.2 422.5 399.4 
Senior Notes due February 20286.125 %766.5 786.9 764.8 780.8 
Senior Notes due April 20295.000 %422.1 418.1 421.7 410.8 
Senior Notes due February 20317.250 %421.2 449.7 420.9 450.3 
Senior Notes due July 20326.500 %396.1 411.3 — — 
Senior Notes due July 20336.875 %446.9 489.5 446.7 477.0 
Other foreign borrowings(1)
107.7 107.7 94.1 94.1 
Other domestic borrowings56.6 56.6 65.9 65.0 
Total debt(2)
$4,510.8 $4,565.5 $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.