v3.26.3
Fair value disclosures
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Fair value disclosures 25. Fair value disclosures
The Company's only financial assets and liabilities measured at fair value on a recurring basis are derivative instruments and contingent consideration.
In accordance with ASC 820, the Company groups the fair values of its financial assets and liabilities in three levels based on the inputs used to determine fair value. No transfers between levels occurred in the nine months ended September 30, 2026 and 2025.
The following tables include (i) financial assets and liabilities measured at fair value on a recurring basis and (ii) financial instruments measured at amortized costs for which fair value disclosures are required under ASC 820:
September 30, 2026
(in millions of $)Carrying amountFair valueFair value hierarchy level
Assets
Derivative instruments 39.9 39.9 2
Liabilities
Debt2,611.3 2,552.8 2
Contingent consideration1.0 1.0 3
Derivative instruments
49.0 49.0 2
December 31, 2025
(in millions of $)Carrying amountFair valueFair value hierarchy level
Assets
Derivative instruments3.8 3.8 2
Liabilities
Debt2,658.8 2,699.7 2
Contingent consideration2.7 2.7 3
Derivative instruments
7.9 7.9 2
Fair value measurements are classified within a three-level hierarchy based on the observability of inputs used in valuation techniques, as follows:
•Level 1: Quoted prices in active markets for identical assets or liabilities.
•Level 2: Observable inputs other than quoted prices included within Level 1 that are directly or indirectly observable.
•Level 3: Unobservable inputs.
The fair values of contingent consideration as of the reporting dates reconcile as follows:
Contingent consideration
(in millions of $)20262025
Balance as of January 1,2.7 1.4 
Additions— — 
Adjustments/Payments(1.7)0.9 
Remeasurement effects0.00.1
Balance as of September 30,1.0 2.4