v3.25.4
DERIVATIVE INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Open Forward Foreign Currency Contract
The notional amounts of our derivative instruments are as follows:
(In thousands)
Derivatives designated as hedging instruments:December 31, 2025December 31, 2024
Interest rate swap contract - cash flow hedge$— $750.0 
Schedule of Fair Value, by Balance Sheet Grouping
The fair values of our derivative instruments included in the consolidated balance sheets are as follows:
(In thousands)
Consolidated Balance Sheet LocationDerivative Assets
Derivatives designated as hedging instruments: Interest rate swap contract - cash flow hedgeDecember 31, 2025December 31, 2024
Other current assets$— $7.1 
Schedule of Other Operating Cost and Expense, by Component
The following table summarizes the effects of our derivative instruments on our consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023:
(In thousands)
Consolidated Statements of Operations Location
Gain recognized in Consolidated Statements of Income
Derivatives designated as hedging instruments:202520242023
Interest rate swap contract - cash flow hedgeInterest expense$(7.9)$(27.0)$(37.2)
Derivatives not designated as hedging instruments:202520242023
Foreign exchange contractsOther expense, net$— $— $(0.4)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effects of our derivative instruments on Accumulated other comprehensive loss for the years ended December 31, 2025, 2024 and 2023:
Loss recognized in Accumulated other comprehensive loss
(In thousands)202520242023
Derivatives designated as hedging instruments:
Interest rate swap contract - cash flow hedge$(5.5)$(13.1)$(17.4)