v3.25.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Reconciliation of Beginning and Ending Balances for Level 3 Contingent Liabilities
The table below provides a reconciliation of the beginning and ending balances for the Level 3 contingent liabilities, all of which related to acquisitions:
Three Months Ended March 31, 2025
Balance at beginning of period$26.2 
Contingent consideration4.8 
Fair value adjustments(3.7)
Impact of foreign exchange1.1 
Balance at end of period$28.4 
Schedule of Estimated Fair Value
The estimated fair value of the Company’s outstanding debt using quoted prices from over-the-counter markets, considered Level 2 inputs, was as follows:
March 31, 2025December 31, 2024
Carrying
Value (a)
Fair
Value
Carrying
Value (a)
Fair
Value
2032 Senior Notes$1,086.7 $1,109.6 $1,086.5 $1,119.4 
2025 Convertible Notes687.8 790.9 686.9 927.8 
2027 Convertible Notes626.6 640.3 626.0 684.0 
2026 Senior Notes446.5 443.3 445.9 443.2 
Total$2,847.6 $2,984.1 $2,845.3 $3,174.4 
(a) Carrying value excludes unamortized debt issuance costs related to the Revolving Credit Facility of $4.1 million and $4.3 million as of March 31, 2025 and December 31, 2024, respectively.