v3.25.2
FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Company's population of financial assets and liabilities subject to fair value measurements
The Company’s population of financial assets and liabilities subject to fair value measurements were as follows:
Fair Value Measurements
Condensed Consolidated Balance Sheets Classification
June 30, 2025
Fair Value atUsing Fair Value Hierarchy
 June 30, 2025Level 1Level 2Level 3
Noncontrolling interest putNoncontrolling interest$16.7 $— $16.7 $— 
Cross currency swaps
Other liabilities
$291.0 $— $291.0 $— 
Interest rate swaps
Other liabilities
$57.3 $— $57.3 $— 
Cash surrender value of life insurance policiesOther assets, net$101.4 $— $101.4 $— 
Deferred compensation assetOther assets, net$46.0 $— $46.0 $— 
Deferred compensation liability
Other liabilities
$138.6 $— $138.6 $— 
Contingent considerationAccrued expenses and other/Other liabilities$34.8 $— $— $34.8 
Fair Value Measurements
Condensed Consolidated Balance Sheets Classification
December 31, 2024
Fair Value atUsing Fair Value Hierarchy
 December 31, 2024Level 1Level 2Level 3
Noncontrolling interest putNoncontrolling interest$14.3 $— $14.3 $— 
Cross currency swaps
Other liabilities
$142.7 $— $142.7 $— 
Interest rate swaps
Other liabilities
$76.8 $— $76.8 $— 
Cash surrender value of life insurance policiesOther assets, net$102.1 $— $102.1 $— 
Deferred compensation assetOther assets, net$35.7 $— $35.7 $— 
Deferred compensation liability
Other liabilities
$132.5 $— $132.5 $— 
Contingent considerationAccrued expenses and other/Other liabilities$10.8 $— $— $10.8 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value Measurement of Level 3 Liabilities:
Contingent Consideration
Balance at December 31, 2024$10.8 
Additions from business acquisitions24.0 
Balance at June 30, 2025$34.8 
Derivative Instruments, Gain (Loss) [Table Text Block]
The table below provides information regarding the location and amount of pretax (losses) gains of derivatives designated in fair value hedging relationships:
Amounts included in other comprehensive income
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cross currency swaps$(155.3)$(11.6)$(148.3)$5.4