v3.25.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table summarizes the reclassification of pre-tax derivative gains and losses into net income from accumulated other comprehensive income (loss) for those derivative instruments designated as cash flow and fair value hedges under Accounting Standards Codification (ASC) 815 - Derivatives and Hedging:
 LocationGain (Loss) Reclassified DuringTotal of Financial Gain (Loss) Expected
 of Gain (Loss)Three Months EndedSix Months EndedStatement to be Reclassified
   Reclassified intoJune 30,June 30,Line ItemDuring the
   Net Income20252024202520242025Next 12 Months
  (in millions)
Currency forward contractsCost of Goods Sold$(1.9)$5.7 $(6.0)$10.4 $2,572.9 $3.7 
Fixed-to-fixed cross-currency swapOther Income (Expense), net(17.0)2.0 (25.0)7.0 0.7  
Variable-to-fixed interest rate swapInterest Expense0.4 1.1 1.4 1.4 (86.0)0.1 

See Note 8 - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (AOCI) for amounts recognized in other comprehensive income (loss) during the three and six months ended June 30, 2025 and 2024.
The following table summarizes the amount and location of gains recognized in the Condensed Consolidated Statements of Income for those derivative instruments not designated as hedging instruments under ASC 815:
 LocationGain (Loss) Recognized DuringTotal of Financial
 of Gain (Loss)Three Months EndedSix Months EndedStatement
  Recognized in June 30,June 30,Line Item
   Net Income20252024202520242025
  (in millions)
Currency forward contractsOther Income (Expense), net$2.8 $(2.8)$3.7 $(1.7)$0.7 
Currency forward contractsGain on Business Combination Derivative46.3  68.2  68.2