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PREFERRED STOCK AND COMMON SHAREHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) are as follows:
Three months ended March 31, 2024
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsUnrealized Gain (Loss) on Derivative InstrumentsAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2023$(206.7)$(7.4)$(1.4)$(215.5)
Current quarter foreign exchange adjustments(27.7)— — (27.7)
Unrealized gain on derivative instrument— — 2.5 2.5
Amounts reclassified from other accumulated income (loss)— — (0.4)(0.4)
Tax effect of adjustments— — (0.5)(0.5)
Balance at March 31, 2024$(234.4)$(7.4)$0.2 $(241.6)
Three months ended March 31, 2023
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsUnrealized Gain (Loss) on Derivative InstrumentsAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2022$(266.0)$(8.8)$— $(274.8)
Current quarter foreign exchange adjustments19.1 — — 19.1 
Balance at March 31, 2023$(246.9)$(8.8)$— $(255.7)