v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Valuation of Financial Instruments
The fair value of financial instruments was as follows:

(Millions)March 31,
2026
December 31,
2025
Recorded at Fair Value in the Financial Statements:
   Cash equivalents - Level 1 (a)$750.1 $— 
Interest rate swap asset - Level 2$2.5 $0.3 
Interest rate swap liabilities - Level 2$4.3 $7.2 
Not Recorded at Fair Value in the Financial Statements:
Notes and other debt, including current portion - Level 2: (b)
Included in current portion of notes and other debt$10.0 $10.1 
Included in notes and other debt, net$10,788.2 $9,648.3 

(a)As of March 31, 2026, cash equivalents included highly liquid, actively traded money market funds with next day access.

(b)Recognized at carrying value of $10,771.6 million and $9,630.8 million, including the current portion and excluding unamortized deferred financing costs, at March 31, 2026 and December 31, 2025, respectively.