Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

As of June 30, 2026 and December 31, 2025, the cost and market values of our debt and equity securities were as follows:


	Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
Balance as of June 30, 2026
Available-for-sale debt securities	$	12.1	$	11.8	$	—	$	(0.3)
Total debt securities	$	12.1	$	11.8	$	—	$	(0.3)

Balance as of December 31, 2025
Available-for-sale debt securities	$	12.1	$	11.8	$	—	$	(0.3)
Total debt securities	$	12.1	$	11.8	$	—	$	(0.3)

Scheduled maturities of our debt securities were as follows:

Our population of assets and liabilities subject to fair value measurements at June 30, 2026 was as follows:


	Fair Value		Level 1		Level 2		Level 3
Assets:
Debt securities	11.8		—		—		11.8
Foreign currency forward contracts	1.3		—		1.3		—
Cross-currency swaps	0.2		—		0.2		—
Interest rate swaps	1.5		—		1.5		—
Total assets	14.8		—		3.0		11.8
Liabilities:
Foreign currency forward contracts	0.1		—		0.1		—
Cross-currency swaps	11.2		—		11.2		—
Total liabilities	$	11.3	$	—	$	11.3	$	—

Our population of assets and liabilities subject to fair value measurements at December 31, 2025 was as follows:


	Fair Value		Level 1		Level 2		Level 3
Assets:
Debt securities	11.8		—		—		11.8
Foreign currency forward contracts	0.3		—		0.3		—
Cross-currency swaps	2.4		—		2.4		—
Total assets	14.5		—		2.7		11.8
Liabilities:
Foreign currency forward contracts	0.1		—		0.1		—
Cross-currency swaps	17.8		—		17.8		—
Interest rate swaps	0.4		—		0.4		—
Total liabilities	$	18.3	$	—	$	18.3	$	—