v3.26.1
Derivatives and Hedging (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
As of June 30, 2026, the notional values of the remaining foreign currency forward contracts were as follows:
(Amounts in millions)
Currencies (Buy/Sell)Maturity DateNotional Amount (Buy/Sell)
USD/CNYAugust 4, 2026
$57.4 / ¥391.0
EUR/USDAugust 3, 2026
€17.8 / $20.4
As of June 30, 2026, the volume of our copper contracts outstanding was as follows:
(Volume in ones, notional in millions)
Contract PeriodVolumeNotional Amount
July 2026 - September 2026
69 metric tons per month
$2.1
October 2026 - December 2026
69 metric tons per month
$2.3
January 2027 - March 2027
69 metric tons per month
$2.7
April 2027 - June 2027
69 metric tons per month
$2.8
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table presents the impact from these instruments on the condensed consolidated statements of operations and condensed consolidated statements of comprehensive income (loss):
Three Months EndedSix Months Ended
(Dollars in millions)Financial Statement Line ItemJune 30, 2026June 30, 2025June 30, 2026June 30, 2025
Foreign Currency Contracts
Contracts not designated as hedging instrumentsOther income (expense), net$(1.3)$(0.2)$(2.3)$(0.4)
Copper Derivative Contracts 
Contracts not designated as hedging instrumentsOther income (expense), net$0.5 $(0.1)$0.5 $0.1