v3.26.1
Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following table presents the fair values of the Company’s derivative instruments that were designated and qualified as part of a hedging relationship (in millions):
Fair Value (1)
Derivatives Designated as Hedging InstrumentsBalance Sheet LocationJune 30, 2026December 31, 2025
Assets:
Accrued interest receivable on cross-currency rate swapsPrepaid expenses and other currents assets$— $0.1 
Interest rate swapsPrepaid expenses and other currents assets0.2 — 
Total assets$0.2 $0.1 
Liabilities:
Interest rate swapsDerivative liabilities, current$— $0.1 
Cross-currency rate swapDerivative liabilities, current— 20.6 
Cross-currency rate swapOther non-current liabilities33.3 20.1 
Total liabilities$33.3 $40.8 
(1) Refer to Note 16, Fair Value Measurements, for additional information related to the estimated fair value.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges (in millions):

Notional Amount(Loss) Gain Recognized in AOCL
As ofThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
June 30, 2026December 31, 2025
Cross-currency rate swaps€283.8 €238.8 $1.9 $(22.2)$7.5 $(31.6)
Total€283.8 €238.8 $1.9 $(22.2)$7.5 $(31.6)