FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis:


(dollars in millions)	Balance sheet location	Classification	June 30, 2026		December 31, 2025
Asset Category
Foreign exchange contracts	Other current assets	Level 2	$	0.2	$	0.1
Metals contracts	Other current assets	Level 2	18.5		1.0
Interest rate swaps	Other current assets	Level 2	3.5		—
Cross-currency swaps	Other current assets	Level 2	13.9		8.0
Interest rate swaps	Other assets	Level 2	5.4		—
Cross-currency swaps	Other assets	Level 2	3.3		—

Total			$	44.8	$	9.1

Liability Category
Foreign exchange contracts	Accrued expenses and other current liabilities	Level 2	$	0.5	$	1.0
Metals contracts	Accrued expenses and other current liabilities	Level 2	2.3		14.5
Interest rate swaps	Accrued expenses and other current liabilities	Level 2	—		2.9

Interest rate swaps	Other liabilities	Level 2	0.4		8.1
Cross-currency swaps	Other liabilities	Level 2	56.5		72.7
Contingent consideration	Other liabilities	Level 3	25.4		—
Total			$	85.1	$	99.2