v3.25.2
Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in AOCI, net of tax by component:
For the Three Months Ended June 30, 2025
(In millions)Unrealized Gains (Losses) on Cash Flow Hedges,
Net of Tax
Unrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency
Translation Adjustments,
Net of Tax
Total
Balance, March 31, 2025$(6.2)$(16.2)$(152.1)$(174.5)
Other comprehensive income (loss) before reclassifications(120.4)0.6 41.6 (78.2)
Amounts reclassified from AOCI14.6 — — 14.6 
Net current period other comprehensive income (loss)(105.8)0.6 41.6 (63.6)
Balance, June 30, 2025$(112.0)$(15.6)$(110.5)$(238.1)
For the Six Months Ended June 30, 2025
(In millions)Unrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency
Translation Adjustments
Total
Balance, December 31, 2024$51.6 $(16.6)$(171.2)$(136.2)
Other comprehensive income (loss) before reclassifications(167.9)1.0 60.7 (106.2)
Amounts reclassified from AOCI4.3 — — 4.3 
Net current period other comprehensive income (loss)(163.6)1.0 60.7 (101.9)
Balance, June 30, 2025$(112.0)$(15.6)$(110.5)$(238.1)
For the Three Months Ended June 30, 2024
(In millions)Unrealized Gains (Losses) on Cash Flow Hedges,
Net of Tax
Unrealized Gains (Losses) on Pension Benefit Obligation,
Net of Tax
Currency
Translation Adjustments,
Net of Tax
Total
Balance, March 31, 2024$(10.3)$(2.7)$(147.5)$(160.5)
Other comprehensive income (loss) before reclassifications22.3 — (5.6)16.7 
Amounts reclassified from AOCI(2.2)— — (2.2)
Net current period other comprehensive income (loss)20.1 — (5.6)14.5 
Balance, June 30, 2024$9.8 $(2.7)$(153.1)$(146.0)
For the Six Months Ended June 30, 2024
(In millions)Unrealized Gains (Losses) on Cash Flow Hedges, Net of TaxUnrealized Gains (Losses) on Pension Benefit Obligation, Net of TaxCurrency Translation AdjustmentsTotal
Balance, December 31, 2023$(25.0)$(2.6)$(126.1)$(153.7)
Other comprehensive income (loss) before reclassifications37.7 (0.1)(27.0)10.6 
Amounts reclassified from AOCI(2.9)— — (2.9)
Net current period other comprehensive income (loss)34.8 (0.1)(27.0)7.7 
Balance, June 30, 2024$9.8 $(2.7)$(153.1)$(146.0)
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the amounts reclassified from AOCI:
(In millions)Amounts Reclassified from AOCIIncome Statement Location
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Gains (losses) on cash flow hedges$(22.9)$7.6 $(12.0)$10.5 Revenue
6.6 (4.9)7.3 (7.0)Operating expense
(0.1)(0.2)(0.2)(0.1)Other (income) expense, net
1.8 (0.3)0.6 (0.5)Income tax (benefit) expense
Total reclassifications, net of tax$(14.6)$2.2 $(4.3)$2.9