Derivatives (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments of Interest Rate Swap Agreements

Set forth below is information related to the Company’s cash flow hedges:


(Millions)	March 31, 2026		December 31, 2025
Designated portion of cash flow hedges, measured at fair value:
Other current assets	$	1.2	$	0.3
Other assets	$	1.3	$	—
Other current liabilities	$	1.0	$	1.7
Other liabilities	$	3.3	$	5.5
Accumulated other comprehensive income (loss)	$	1.1	$	(2.5)
De-designated portion of cash flow hedges, unamortized value
Accumulated other comprehensive income	$	2.7	$	—

Schedule of Derivative Instruments

Changes in derivative instruments were as follows for the three months ended March 31:


(Millions)	2026		2025
Designated cash flow hedges:
Changes in fair value, net of tax	$	7.9	$	(0.1)
Reclassification of unrealized losses, net of tax	$	(1.6)	$	0.2
De-designated cash flow hedges:
Reclassification of unrealized losses, net of tax	$	(0.1)	$	—

Schedule of Offsetting Assets

The following table presents the Company’s derivative assets subject to an enforceable master netting arrangement as of March 31, 2026 and December 31, 2025.


	Gross Amount of Assets Presented in the Condensed Consolidated Balance Sheets		Gross Amount Not Offset in the Condensed Consolidated Balance Sheets
(Millions)			Financial Instruments		Cash Collateral Received		Net Amount
March 31, 2026
Interest rate swaps	$	2.5	$	(2.5)	$	—	$	—
December 31, 2025:
Interest rate swaps	$	0.3	$	(0.3)	$	—	$	—

Schedule of Offsetting Liabilities

Information pertaining to derivative liabilities was as follows:


	Gross Amount of Liabilities Presented in the Condensed Consolidated Balance Sheets		Gross Amount Not Offset in the Condensed Consolidated Balance Sheets
(Millions)			Financial Instruments		Cash Collateral Received		Net Amount
March 31, 2026
Interest rate swaps	$	4.3	$	(2.5)	$	—	$	1.8
December 31, 2025:
Interest rate swaps	$	7.2	$	(0.3)	$	—	$	6.9