v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Contractual Amounts for Derivative Contracts
The following table summarizes, by currency, the contractual amounts of the Company’s foreign currency forward contracts as of the dates indicated that were designated as cash flow hedges:
(dollars in millions)June 30, 2026December 31, 2025
BuySellBuySell
Canadian dollar$— $42.9 $— $57.8 
Euro13.9 — 16.8 — 
Mexican peso8.5 — 18.7 — 
Total$22.4 $42.9 $35.5 $57.8 
Schedule of Effect of Derivatives on the Statement of Earnings
The effect of cash flow hedges on the condensed consolidated statement of earnings:
Three Months Ended June 30 (dollars in millions):
Derivatives in ASC 815 cash flow hedging relationshipsAmount of gain (loss) recognized in other
comprehensive
loss on derivatives		Location of gain (loss)
reclassified from
accumulated other
comprehensive loss
into earnings		Amount of gain (loss)
reclassified from
accumulated other
comprehensive
loss into earnings
2026202520262025
Foreign currency contracts$0.8 $0.3 Cost of products sold$0.8 $0.1 
Interest rate swap(0.1)(0.5)Interest expense(0.2)(0.1)
$0.7 $(0.2)$0.6 $— 
Six Months Ended June 30 (dollars in millions):
Derivatives in ASC 815 cash flow hedging relationshipsAmount of gain (loss) recognized in other
comprehensive
loss on derivatives		Location of gain (loss)
reclassified from
accumulated other
comprehensive loss
into earnings		Amount of gain (loss)
reclassified from
accumulated other
comprehensive
loss into earnings
2026202520262025
Foreign currency contracts$2.3 $1.6 Cost of products sold$1.4 $(0.1)
Interest rate swap0.5 (0.8)Interest expense(0.3)(0.1)
$2.8 $0.8 $1.1 $(0.2)