Derivatives (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The following table summarizes the location and respective fair values of the Company's derivative financial instruments on a gross basis:


	June 30, 2026
	Other Current Assets		Other Current Liabilities		Other Assets		Other Liabilities
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.5	$	—	$	1.0	$	—
Derivatives designated as fair value hedges:
Cross-currency swaps	0.1		5.6		—		—
Derivatives designated as net investment hedges:
Cross-currency swaps	0.1		5.6		—		—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	1.3		0.1		—		—


	December 31, 2025
	Other Current Assets		Other Current Liabilities		Other Assets		Other Liabilities
Derivatives designated as cash flow hedges:
Interest rate swaps	$	—	$	—	$	—	$	0.4
Derivatives designated as fair value hedges:
Cross-currency swaps	1.2		—		—		8.9
Derivatives designated as net investment hedges:
Cross-currency swaps	1.2		—		—		8.9
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	0.3		0.1		—		—

Schedule of Effects of Derivatives Designated as Hedging Instruments

The amount of the gains and losses on hedging instruments and the classification of those gains and losses within our consolidated financial statements for the three and six months ended June 30, 2026 were as follows. Gains and losses on hedging instruments are located within interest expense, net on our consolidated income statements.


	Gain (Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax				Gain (Loss) Reclassified into Income
	Three Months Ended June 30,				Three Months Ended June 30,
	2026		2025		2026		2025
Derivatives designated as cash flow hedges:
Interest rate swaps	$	1.1	$	—	$	(0.1)	$	—
Derivatives designated as fair value hedges:
Cross-currency swaps	—		(2.6)		0.3		(2.5)
Derivatives designated as net investment hedges:
Cross-currency swaps	0.7		(2.3)		0.3		3.0


	Gain (Loss) Recognized in Accumulated Other Comprehensive Income				Gain (Loss) Reclassified into Income
	Six Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Derivatives designated as cash flow hedges:
Interest rate swaps	$	1.7	$	(0.4)	$	(0.1)	$	0.1
Derivatives designated as fair value hedges:
Cross-currency swaps	0.3		(1.9)		0.5		(2.2)
Derivatives designated as net investment hedges:
Cross-currency swaps	2.1		(4.2)		0.5		3.2

The amount of gains and losses on derivative instruments not designated as hedging instruments and the classification of those gains and losses within our consolidated financial statements during the three and six months ended June 30, 2026 were as follows. Gains and losses on foreign currency forward contracts not designated as hedging instruments were reclassified into income as net foreign currency transaction gains or losses.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	$	(1.6)	$	(5.6)	$	(0.2)	$	(8.1)

Schedule of Derivative Instruments

During the next twelve-month period, net (losses) gains expected to be reclassified into earnings are shown below:


Interest rate swaps	$	0.5
Cross-currency swaps	1.0
Total	$	1.5