Financial Instruments and Fair Value (Tables)

6 Months Ended

Jun. 30, 2026

Financial Instruments and Fair Value [Abstract]

Schedule of Assets and Liabilities Not Carried at Fair Value

The following table provides information about assets and liabilities not carried at fair value and excludes asset and liabilities without readily determinable fair value.


		June 30, 2026				December 31, 2025
		Carrying amount		Estimated fair value		Carrying amount		Estimated fair value
Liabilities	Borrowings (Note 7)	$	971.7	$	1,012.1	$	970.7	$	1,030.1

Schedule of Fair Value of Derivative Instruments

The following table presents the fair value of our derivative instruments and identifies the statement of financial position line items in which these amounts are included. All fair values are presented on a gross basis, consistent with the Company's policy to not elect to net derivative assets and liabilities that are subject to master netting agreements:


	June 30, 2026						December 31, 2025
	Gross notional		Other current assets		Other current liabilities		Gross notional		Other current assets		Other current liabilities
Designated forward currency exchange contracts1	$	573.1	$	7.8	$	7.0	$	417.3	$	1.0	$	(2.3)
Non-Designated forward exchange contracts2	$	845.0	8.0		10.4		$	777.7	2.2		(2.1)


Net derivatives recognized in statement of financial position			$	15.8	$	17.4			$	3.2	$	(4.4)

1 Gains (losses) in our Other comprehensive Income (loss) driven by net investment hedges was $0.6 and $3.5 for the three and six months ended June 30, 2026.

2 Gains (losses) in our Statement of Earnings (loss) driven by hedges of foreign exchange fluctuation was $(1.1) and $(8.1) for the three and six months ended June 30, 2026. These amounts are offset by the remeasurement of the underlying exposure through foreign exchange gain or loss, net on the Statement of Earnings.