v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table presents the gross fair value amounts of our derivative financial instruments and the associated notional amounts (in millions):
June 30, 2026December 31, 2025
Derivatives Not Designated as Hedging InstrumentsNotional
Fair Value
of Assets(1)
Fair Value
of Liabilities
Notional
Fair Value
of Assets
Fair Value
of Liabilities
Foreign exchange derivatives$1,066.8 $13.1 $— $— $— $— 
(1)Included within Other assets, net on the Condensed Consolidated Balance Sheets.
Schedule of Gains on Derivatives
The following table presents the gains recorded in earnings on derivative instruments that were utilized as economic hedges and not designated as hedging instruments (in millions):
Derivatives Not Designated as Hedging InstrumentsFinancial Statement Classification
Three Months Ended June 30,
Six Months Ended June 30,
2026202520262025
Foreign currency derivatives
Gain / (loss) on foreign currency exchanges
$13.1 $14.4 $13.1 $14.4 
The following table presents the gains / (losses) on derivatives in cash flow hedging relationships recognized in OCI (in millions):
Three Months Ended June 30,
Six Months Ended June 30,
Derivatives Designated as Cash Flow Hedges2026202520262025
Interest rate derivatives$— $0.2 $— $(3.6)
The following table presents the amount of gains on derivative instruments reclassified from AOCI into earnings (in millions):
Derivatives Designated as Cash Flow HedgesFinancial Statement Classification
Three Months Ended June 30,
Six Months Ended June 30,
2026202520262025
Interest rate derivatives
Interest expense / Other income / (expense), net
$0.9 $9.7 $3.5 $13.3