v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Recurring Fair Value Measurements
The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 (in millions):
As of June 30, 2026
TotalLevel 1Level 2Level 3
Assets
Cash equivalents - money market funds$1.1 $1.1 $— $— 
Deferred compensation plan assets30.0 30.0 — — 
Interest rate swap agreements
8.5 — 8.5 — 
Foreign currency forward contracts0.8 — 0.8 — 
Equity securities
32.0 32.0 — — 
Total$72.4 $63.1 $9.3 $— 
Liabilities
Deferred compensation plan liabilities$20.3 $20.3 $— $— 
Foreign currency forward contracts0.8 — 0.8 — 
Earn-out liabilities8.5 — — 8.5 
Total$29.6 $20.3 $0.8 $8.5 
As of December 31, 2025
TotalLevel 1Level 2Level 3
Assets
Cash equivalents - money market funds$1.1 $1.1 $— $— 
Deferred compensation plan assets29.6 29.6 — — 
Foreign currency forward contracts
1.0 — 1.0 — 
Equity securities
35.2 35.2 — — 
Total$66.9 $65.9 $1.0 $— 
Liabilities
Deferred compensation plan liabilities$21.5 $21.5 $— $— 
Interest rate swap agreements
1.8 — 1.8 — 
Foreign currency forward contracts
1.3 — 1.3 — 
Earn-out liabilities9.6 — — 9.6 
Total$34.2 $21.5 $3.1 $9.6 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The table below presents a reconciliation of earn-out liabilities measured at fair value using significant unobservable inputs (Level 3) (in millions):
Earn-out Liabilities
20262025
Balance as of January 1,$9.6 $13.6 
Purchases/additions
— 3.1 
Net change in fair value and other adjustments(0.1)0.4 
Payments(1.0)(3.6)
Balance as of June 30,$8.5 $13.5