The following table provides the location and the fair value of our derivative instruments in the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | | Balance Sheet Location | | June 30, 2025 | | December 31, 2024 | Cash flow hedging relationships: | | | | | | | | | | | | | Interest rate swaps | Other non-current assets | | $ | 7.1 | | | $ | 14.7 | | | | | | | | | Interest rate swaps | Other non-current liabilities | | 3.1 | | | — | | Fair value hedging relationships: | | | | | | | | | | | | Cross-currency swaps | Other non-current liabilities | | 5.9 | | | — | | | | | | | | Net investment hedge: | | | | | | | | | | | | Cross-currency swap | Other non-current assets | | — | | | 3.7 | | | | | | | | | Cross-currency swap | Other non-current liabilities | | 8.7 | | | — | | | Not designated as accounting hedges: | | | | | | | Foreign currency forwards | Other current assets | | 2.3 | | | — | | | Foreign currency forwards | Accrued expenses and other current liabilities | | 0.1 | | | 1.1 | | | | | | | | Total derivative assets | | | $ | 9.4 | | | $ | 18.4 | | Total derivative liabilities | | | $ | 17.8 | | | $ | 1.1 | |
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