v3.26.1
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Shares Issued at Par Value
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Total Share- holders’ Equity
Non-controlling Interest
Balance, beginning of period at Dec. 31, 2024 $ 1,064.9 $ 72.4 $ 1,719.9 $ 268.4 $ (172.6) $ (823.2) $ 1,064.9 $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income before allocation to noncontrolling interest 21.7     21.7     21.7  
Cash dividends (9.7)     (9.7)     (9.7)  
Exercise of stock options           0.6 0.6  
Impact from settlement of stock-based awards, net of shares acquired 4.5   (11.7)     7.2 (4.5)  
Stock-based compensation expense 0.6   2.7       2.7  
Stock-based compensation reclassification 2.7              
Changes in pension and postretirement plan assets and benefit obligation, net of tax (0.2)       (0.2)   (0.2)  
Currency translation adjustment $ 31.1       31.1   31.1  
Stock options exercised, net of shares reacquired (in shares) 21,879              
Balance, end of period at Mar. 31, 2025 $ 1,106.6 72.4 1,710.9 280.4 (141.7) (815.4) 1,106.6 0.0
Balance, beginning of period at Dec. 31, 2024 1,064.9 72.4 1,719.9 268.4 (172.6) (823.2) 1,064.9 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income before allocation to noncontrolling interest 46.7              
Changes in pension and postretirement plan assets and benefit obligation, net of tax (0.5)              
Balance, end of period at Jun. 30, 2025 $ 1,176.7 72.4 1,712.7 295.5 (92.0) (813.7) 1,174.9 1.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividends per share (in dollars per share) $ 0.34              
Balance, beginning of period at Mar. 31, 2025 $ 1,106.6 72.4 1,710.9 280.4 (141.7) (815.4) 1,106.6 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Noncontrolling interest of acquired entity 1.7             1.7
Net income before allocation to noncontrolling interest 25.0     24.9     24.9 0.1
Cash dividends (9.8)     (9.8)     (9.8)  
Exercise of stock options           0.7 0.7  
Impact from settlement of stock-based awards, net of shares acquired 0.2   (1.2)     1.0 (0.2)  
Stock-based compensation expense 0.7   3.0       3.0  
Stock-based compensation reclassification 3.0              
Changes in pension and postretirement plan assets and benefit obligation, net of tax (0.3)       (0.3)   (0.3)  
Currency translation adjustment $ 50.0       50.0   50.0  
Stock options exercised, net of shares reacquired (in shares) 21,180              
Balance, end of period at Jun. 30, 2025 $ 1,176.7 72.4 1,712.7 295.5 (92.0) (813.7) 1,174.9 1.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividends per share (in dollars per share) $ 0.17              
Balance, beginning of period at Dec. 31, 2025 $ 1,249.9 72.4 1,716.5 374.5 (99.9) (810.5) 1,253.0 (3.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Noncontrolling interest of acquired entity 0.9             0.9
Net income before allocation to noncontrolling interest 6.8     6.4     6.4 0.4
Cash dividends (10.3)     (10.3)     (10.3)  
Redeemable noncontrolling interest adjustment 0.0   (0.2)       (0.2) 0.2
Exercise of stock options 0.0         0.0    
Impact from settlement of stock-based awards, net of shares acquired (2.9)   (11.1)     8.2 (2.9)  
Stock-based compensation expense 4.1   4.1       4.1  
Changes in pension and postretirement plan assets and benefit obligation, net of tax (0.2)       (0.2)   (0.2)  
Currency translation adjustment $ (10.8)       (10.8)   (10.8)  
Stock options exercised, net of shares reacquired (in shares) 2,032              
Balance, end of period at Mar. 31, 2026 $ 1,237.5 72.4 1,709.3 370.6 (110.9) (802.3) 1,239.1 (1.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividends per share (in dollars per share) $ 0.18              
Balance, beginning of period at Dec. 31, 2025 $ 1,249.9 72.4 1,716.5 374.5 (99.9) (810.5) 1,253.0 (3.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income before allocation to noncontrolling interest 43.0              
Changes in pension and postretirement plan assets and benefit obligation, net of tax (0.4)              
Balance, end of period at Jun. 30, 2026 $ 1,265.1 72.4 1,712.1 395.6 (112.6) (801.2) 1,266.3 (1.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividends per share (in dollars per share) $ 0.36              
Balance, beginning of period at Mar. 31, 2026 $ 1,237.5 72.4 1,709.3 370.6 (110.9) (802.3) 1,239.1 (1.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Noncontrolling interest of acquired entity (1.1)             (1.1)
Purchase of noncontrolling interest (0.2)   0.2       0.2  
Net income before allocation to noncontrolling interest 36.2     35.4     35.4 0.8
Cash dividends (10.4)     (10.4)     (10.4)  
Redeemable noncontrolling interest adjustment 0.0   (0.2)       (0.2) 0.2
Exercise of stock options 0.3         0.3 0.3  
Impact from settlement of stock-based awards, net of shares acquired 0.0   (0.8)     0.8    
Stock-based compensation expense 4.0   4.0       4.0  
Changes in pension and postretirement plan assets and benefit obligation, net of tax (0.2)       (0.2)   (0.2)  
Currency translation adjustment $ (1.0)       (1.5)   (1.5) 0.5
Stock options exercised, net of shares reacquired (in shares) 11,361              
Balance, end of period at Jun. 30, 2026 $ 1,265.1 $ 72.4 $ 1,712.1 $ 395.6 $ (112.6) $ (801.2) $ 1,266.3 $ (1.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividends per share (in dollars per share) $ 0.18