v3.26.1
Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions As of March 31, 2026, we have outstanding interest rate swaps with an aggregate notional value of $1,754.0. This amount
includes five swap arrangements currently in effect and two forward-starting swaps that are scheduled to commence on the
October 2026 maturity date of the May 2023 swaps, as further summarized in the table below:
Type
Notional Value
Effective Date
Maturity Date
Swaps entered May 2023
$736.3
May 2023
October 2026
Swaps entered June 2025
402.7
June 2025
January 2031
Swap entered December 2025
115.0
December 2025
January 2031
Forward-starting swaps entered August 2025
500.0
October 2026
January 2030
Total
$1,754.0
Schedule of Fair Value of Derivative Instruments The following table provides the location and the fair value of our derivative instruments in the Condensed Consolidated
Balance Sheets as of March 31, 2026 and December 31, 2025:
Balance Sheet Location
March 31, 2026
December 31, 2025
Cash flow hedging relationships
Interest rate swaps
Other current assets
$3.2
$3.2
Interest rate swaps
Other non-current assets
4.8
1.8
Interest rate swaps
Other non-current liabilities
1.0
3.6
Fair value hedging relationships
Cross-currency swaps
Other non-current assets
9.3
Cross-currency swaps
Other non-current liabilities
5.8
Net investment hedge
Cross-currency swap
Accrued expenses and other current liabilities
5.1
8.0
Not designated as accounting hedges
Foreign currency forwards
Other current assets
1.2
Foreign currency forwards
Accrued expenses and other current liabilities
2.4
0.1
Total derivative assets
$17.3
$6.2
Total derivative liabilities
$8.5
$17.5