v3.25.2
Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.
 Expiring at various dates through:Total USD
Equivalent
Notional
Amount		As of June 30, 2025
DerivativesAssetsLiabilities
Other
Current
Assets		SundryOther
Current
Liabilities		Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesDec 2026$233.8 $2.6 $.3 $3.8 $.4 
Total fair value hedgesOct 202514.9 .1 — — — 
Not designated as hedging instrumentsJun 202655.9 .2 — 1.2 — 
Total derivatives$2.9 $.3 $5.0 $.4 
 Expiring at various dates through:Total USD
Equivalent
Notional
Amount		As of December 31, 2024
DerivativesAssetsLiabilities
Other
Current
Assets		SundryOther
Current
Liabilities		Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesJun 2026$254.0 $3.1 $.3 $5.8 $.3 
Total fair value hedgesJun 202519.0 .1 — .1 — 
Not designated as hedging instrumentsDec 2025166.5 1.6 — .8 — 
Total derivatives$4.8 $.3 $6.7 $.3 
The following table sets forth the pretax losses (gains) for our hedging activities for the periods presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note K) as well as derivative settlements recorded directly to income or expense.
DerivativesIncome Statement CaptionAmount of Loss (Gain)
Recorded in Income
Six Months Ended June 30,		Amount of Loss (Gain)
Recorded in Income
Three Months Ended
 June 30,
2025202420252024
Designated as hedging instruments
Interest rate cash flow hedgesInterest expense$(.2)$(.2)$(.1)$(.1)
Currency cash flow hedgesNet trade sales2.0 .7 .5 .6 
Currency cash flow hedgesCost of goods sold(.6)(1.1)(.3)(.6)
Total cash flow hedges1.2 (.6).1 (.1)
Fair value hedgesOther income, net of other expense(.2).5 (.1).3 
Not designated as hedging instrumentsOther income, net of other expense8.5 (1.9)5.5 (.8)
Total derivative instruments$9.5 $(2.0)$5.5 $(.6)