Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table presents the fair value of derivatives as of June 30, 2026 and December 31, 2025 (in millions):


			June 30, 2026				December 31, 2025
	June 30, 2026		Assets		Liabilities		Assets		Liabilities
Derivative Instrument	Notional		Fair Value		Fair Value		Fair Value		Fair Value
Designated:
Cash flow hedges:
Interest rate swaps	$	1,500.0	$	8.5	$	—	$	—	$	1.8
Non-designated:
Foreign currency forward contracts	$	870.8	$	0.8	$	0.8	$	1.0	$	1.3

Schedule of Effect of Derivatives As Hedges, Net of Applicable Income Taxes

The following table presents the effect of derivatives designated as cash flow hedges in the Condensed Consolidated Statements of Operations for the three months ended June 30, 2026 and 2025 (in millions):


	Beginning Accumulated Other Comprehensive (Gain) Loss(1)		Amount of (Gain) Loss Recognized in Other Comprehensive Loss on Derivatives(2)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Statement of Operations(3)		Ending Accumulated Other Comprehensive (Gain) Loss
Three Months Ended June 30, 2026
Interest rate cash flow hedges	$	(2.5)	$	(4.1)	$	0.5	$	(6.1)

Three Months Ended June 30, 2025
Interest rate cash flow hedges	$	(15.8)	$	1.6	$	5.6	$	(8.6)

(1) Amount is net of related deferred tax expense of $1.0 million and benefit of $4.6 million for the three months ended June 30, 2026 and 2025, respectively.

(2) Amount is net of related deferred tax expense of $1.5 million and benefit of $0.8 million for the three months ended June 30, 2026 and 2025, respectively.

(3) Amount is net of related deferred tax expense of $0.2 million and $0.7 million for the three months ended June 30, 2026 and 2025, respectively.

The following table presents the effect of derivatives designated as hedges in the Condensed Consolidated Statements of Operations for the six months ended June 30, 2026 and 2025 (in millions):


	Beginning Accumulated Other Comprehensive Loss (Gain)\(1)		Amount of (Gain) Loss Recognized in Other Comprehensive Loss on Derivatives(2)		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Statement of Operations(3)		Ending Accumulated Other Comprehensive (Gain) Loss
Six Months Ended June 30, 2026
Interest rate cash flow hedges	$	1.3	$	(8.4)	$	1.0	$	(6.1)

Six Months Ended June 30, 2025
Interest rate cash flow hedges	$	(25.2)	$	5.6	$	11.0	$	(8.6)

(1) Amount is net of related deferred tax benefit of $0.5 million and $2.5 million for the six months ended June 30, 2026 and 2025, respectively.

(2) Amount is net of related deferred tax expense of $3.2 million and benefit of $2.0 million for the six months ended June 30, 2026 and 2025, respectively.

(3) Amount is net of related deferred tax expense of $0.4 million and $1.6 million for the six months ended June 30, 2026 and 2025, respectively.