v3.25.2
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The tables below provide information about the changes in AOCL by component and the related amounts reclassified to net earnings during the periods indicated (net of tax).
Six Months Ended June 30, 2025
Hedging relationships(1)
Defined benefit pension plans
Foreign currency translation adjustment(2)
AOCL
Balance as of December 31, 2024$10.7 $(0.4)$(536.6)$(526.3)
Other comprehensive income (loss) before reclassifications(1.7)0.1 114.6 113.0 
Reclassifications from AOCL to net earnings(5.5)— (0.4)(5.9)
Net other comprehensive income (loss)(7.2)0.1 114.2 107.1 
Balance as of June 30, 2025$3.5 $(0.3)$(422.4)$(419.2)
Six Months Ended June 30, 2024
Hedging relationships(1)
Defined benefit pension plans
Foreign currency translation adjustment(2)
AOCL
Balance as of December 31, 2023$16.2 $0.4 $(511.9)$(495.3)
Other comprehensive income (loss) before reclassifications15.7 — (3.3)12.4 
Reclassifications from AOCL to net earnings
(13.5)— (0.6)(14.1)
Net other comprehensive income (loss)2.2 — (3.9)(1.7)
Balance as of June 30, 2024$18.4 $0.4 $(515.8)$(497.0)
(1) Includes amounts related to our interest rate swaps designated as cash flow hedges, and for the six months ended June 30, 2025, also includes the excluded component of our cross-currency swaps designated as fair value hedges. Refer to Note 4 - Derivative Instruments for further information.
(2) Primarily includes the impact of translating foreign subsidiary assets and liabilities from their functional currency to USD, and, to a lesser extent, amounts related to our cross-currency swap designated as a net investment hedge.