v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2025
FAIR VALUE MEASUREMENTS  
Schedule of Assets and Liabilities at Fair Value on Recurring Basis

June 30, 2025

Liabilities at Fair Value

    

Level 1 (1)

    

Level 2 (2)

    

Level 3 (3)

    

Total

Foreign exchange forward contracts—Liabilities

$

$

9.4

$

$

9.4

Commodity cash flow hedges—Liabilities

0.9

0.9

Total fair value

$

$

10.3

$

$

10.3

December 31, 2024

Assets (Liabilities) at Fair Value

    

Level 1 (1)

    

Level 2 (2)

    

Level 3 (3)

    

Total

Foreign exchange forward contracts—Assets

$

    

$

4.6

    

$

    

$

4.6

Commodity economic hedges—(Liabilities)

(1.0)

(1.0)

Commodity cash flow hedges—(Liabilities)

(0.5)

(0.5)

Total fair value

$

$

3.1

$

$

3.1

(1)Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets.
(2)Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
(3)Valuation is based upon other unobservable inputs that are significant to the fair value measurement.
Estimated Fair Value of Outstanding Debt Not Carried at Fair Value

    

As of

As of

    

June 30, 2025

    

December 31, 2024

2028 Refinance Term Loans

$

1,246.8

$

1,129.7

2028 Term Loan B

315.7

446.7

2029 Refinance Senior Notes

260.0

2029 Senior Notes

279.6

2025 Senior Notes

114.8

Total fair value

$

1,822.5

$

1,970.8