DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2026

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of fair value of the derivative instruments as recorded in the Consolidated Balance Sheets

Asset Derivatives

Liability Derivatives

Fair Value

Fair Value

Balance Sheet Location

June 30, 2026

December 31, 2025

Balance Sheet Location

June 30, 2026

December 31, 2025

Derivatives not designated as hedging instruments

Foreign currency exchange contracts

Other current assets

$

31.6

$

26.6

Other current liabilities

$

(27.6)

$

(23.5)

Schedule of offsetting assets and liabilities

Offsetting of Derivative Assets

As of June 30, 2026			Gross Amounts of Recognized Assets			Gross Amounts Offset in the Consolidated Balance Sheet			Net Amounts Presented in the Consolidated Balance Sheet			Derivatives not offset in the Consolidated Balance Sheet			Net Amounts
Derivatives subject to a master netting arrangement or similar agreement		$	31.6		$	—		$	31.6		$	(14.8)		$	16.8

As of December 31, 2025
Derivatives subject to a master netting arrangement or similar agreement		$	26.6		$	—		$	26.6		$	(12.7)		$	13.9

Offsetting of Derivative Liabilities

As of June 30, 2026			Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet			Net Amounts Presented in the Consolidated Balance Sheet			Derivatives not offset in the Consolidated Balance Sheet			Net Amounts
Derivatives subject to a master netting arrangement or similar agreement		$	(27.6)		$	—		$	(27.6)		$	19.3		$	(8.3)

As of December 31, 2025
Derivatives subject to a master netting arrangement or similar agreement		$	(23.5)		$	—		$	(23.5)		$	15.7		$	(7.8)

Schedule of amount of gains and losses on derivatives in the Consolidated Statements of Income

						Amount of Gain Recognized in Income on Derivative Contracts (a)
						Three Months Ended June 30,						Six Months Ended June 30,
(in millions)			Location of Gain (Loss) Recognized in Income on Derivative Contracts			2026			2025			2026			2025
Foreign currency exchange contracts - Ria Operations			Foreign currency exchange gain (loss), net		$	(1.3)		$	(0.2)		$	(0.6)		$	1.4