v3.26.1
Derivatives and Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments
The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows:
June 30,
2026
December 31,
2025
In millionsRecorded
Amount
Fair
Value
Recorded
Amount
Fair
Value
Variable rate debt$200.0 $200.0 $268.2 $268.2 
Fixed rate debt1,300.0 1,277.2 1,300.0 1,296.9 
Total debt$1,500.0 $1,477.2 $1,568.2 $1,565.1 
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis were as follows:
Recurring fair value measurementsJune 30, 2026
In millionsLevel 1Level 2Level 3NAVTotal
Cross currency swap liabilities$— $(28.8)$— $— $(28.8)
Cross currency swap assets— 2.6 — — 2.6 
Foreign currency contract liabilities— (2.1)— — (2.1)
Foreign currency contract assets— 1.0 — — 1.0 
Deferred compensation plan assets14.6 — — 7.8 22.4 
Total recurring fair value measurements$14.6 $(27.3)$— $7.8 $(4.9)
Recurring fair value measurementsDecember 31, 2025
In millionsLevel 1Level 2Level 3NAVTotal
Cross currency swap liabilities$— $(36.7)$— $— $(36.7)
Cross currency swap assets— 0.8 — — 0.8 
Foreign currency contract liabilities— (0.3)— — (0.3)
Foreign currency contract assets— 0.6 — — 0.6 
Deferred compensation plan assets12.1 — — 6.7 18.8 
Total recurring fair value measurements$12.1 $(35.6)$— $6.7 $(16.8)