v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities
The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2025:
Fair Value Measurement at Reporting Date Using
(in millions)Level 1Level 2Level 3Total
Assets:
Cash equivalents$20.2 $— $— $20.2 
Liabilities:
Contingent consideration— — 8.1 8.1 
Interest rate swaps— 0.1 — 0.1 
Roll-Forward of Fair Value of Recurring Level 3 Fair Value Measurements
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements in the three months ended June 30, 2025 and 2024:
(in millions)20252024
Contingent consideration liability, at April 1$12.3 `$4.6 
Settlements of contingent consideration liabilities(4.4)— 
Foreign currency translation0.2 — 
Total expense included in earnings (a)
— 0.1 
Contingent consideration liability, at June 30$8.1 $4.7 
(a)    Changes in the fair value of contingent consideration liabilities are included as a component of Acquisition and integration-related expenses, net on the Condensed Consolidated Statements of Operations.
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements in the six months ended June 30, 2025 and 2024:
(in millions)20252024
Contingent consideration liability, at January 1$4.8 $4.9 
Acquisitions, including measurement period adjustments7.5 (0.2)
Settlements of contingent consideration liabilities(4.4)— 
Foreign currency translation0.2 (0.1)
Total expense included in earnings (a)
— 0.1 
Contingent consideration liability, at June 30$8.1 $4.7 
(a)    Changes in the fair value of contingent consideration liabilities are included as a component of Acquisition and integration-related expenses, net on the Condensed Consolidated Statements of Operations.