| Accumulated Other Comprehensive Loss |
Accumulated other comprehensive loss, as reflected in the condensed consolidated balance sheets, is comprised of the following: | | | | | | | | | | | | | (In millions) | June 30, 2026 | | December 31, 2025 | | Accumulated other comprehensive loss: | | | | | Net unrealized loss on available-for-sale fixed income securities, net of tax | $ | (0.9) | | | $ | (0.4) | | | Net unrecognized gain and prior service cost related to defined benefit plans, net of tax | 276.2 | | | 279.6 | | | Net unrecognized gain (loss) on derivatives in cash flow hedging relationships, net of tax | 7.2 | | | (3.1) | | | Net unrecognized gain on derivatives in net investment hedging relationships, net of tax | 175.5 | | | 105.1 | | | Foreign currency translation adjustment | (3,282.8) | | | (3,088.2) | | | $ | (2,824.8) | | | $ | (2,707.0) | |
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| Components of Other Comprehensive Loss |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Gains and Losses on Derivatives in Cash Flow Hedging Relationships | | Gains and Losses on Net Investment Hedges | | Gains and Losses on Available-for-Sale Fixed Income Securities | | Defined Pension Plan Items | | Foreign Currency Translation Adjustment | | Totals | | (In millions) | Foreign Currency Forward Contracts | | Interest Rate Swaps | | Total | | | | | | | | | | | | Balance at March 31, 2026, net of tax | | | | | $ | 2.1 | | | $ | 142.9 | | | $ | (0.8) | | | $ | 277.8 | | | $ | (3,221.8) | | | $ | (2,799.8) | | | Other comprehensive earnings (loss) before reclassifications, before tax | | | | | 0.4 | | | 41.7 | | | (0.1) | | | (1.1) | | | (61.0) | | | (20.1) | | | Amounts reclassified from accumulated other comprehensive (loss) earnings, before tax: | | | | | | | | | | | | | | | | | Loss on foreign exchange forward contracts classified as cash flow hedges, included in net sales | 5.4 | | | | | 5.4 | | | | | | | | | | | 5.4 | | | Loss on interest rate swaps classified as cash flow hedges, included in interest expense | | | 0.9 | | | 0.9 | | | | | | | | | | | 0.9 | | | Amortization of prior service costs included in other (income) expense, net | | | | | | | | | | | 0.7 | | | | | 0.7 | | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (2.3) | | | | | (2.3) | | | Net other comprehensive earnings (loss), before tax | | | | | 6.7 | | | 41.7 | | | (0.1) | | | (2.7) | | | (61.0) | | | (15.4) | | | Income tax provision (benefit) | | | | | 1.6 | | | 9.1 | | | — | | | (1.1) | | | — | | | 9.6 | | | | | | | | | | | | | | | | | | | Balance at June 30, 2026, net of tax | | | | | $ | 7.2 | | | $ | 175.5 | | | $ | (0.9) | | | $ | 276.2 | | | $ | (3,282.8) | | | $ | (2,824.8) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Gains and Losses on Derivatives in Cash Flow Hedging Relationships | | Gains and Losses on Net Investment Hedges | | Gains and Losses on Available-For-Sale Fixed Income Securities | | Defined Pension Plan Items | | Foreign Currency Translation Adjustment | | Totals | | (In millions) | Foreign Currency Forward Contracts | | Interest Rate Swaps | | Total | | | | | | | | | | | | Balance at December 31, 2025, net of tax | | | | | $ | (3.1) | | | $ | 105.1 | | | $ | (0.4) | | | $ | 279.6 | | | $ | (3,088.2) | | | $ | (2,707.0) | | Other comprehensive earnings (loss) before reclassifications, before tax | | | | | 3.0 | | | 89.9 | | | (0.6) | | | (1.0) | | | (194.6) | | | (103.3) | | Amounts reclassified from accumulated other comprehensive earnings (loss), before tax: | | | | | | | | | | | | | | | | Loss on foreign exchange forward contracts classified as cash flow hedges, included in net sales | 8.7 | | | | | 8.7 | | | | | | | | | | | 8.7 | | | Loss on interest rate swaps classified as cash flow hedges, included in interest expense | | | 2.1 | | | 2.1 | | | | | | | | | | | 2.1 | | Amortization of prior service costs included in other (income) expense, net | | | | | | | | | | | 1.3 | | | | | 1.3 | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (4.5) | | | | | (4.5) | | Net other comprehensive earnings (loss), before tax | | | | | 13.8 | | | 89.9 | | | (0.6) | | | (4.2) | | | (194.6) | | | (95.7) | | Income tax provision (benefit) | | | | | 3.5 | | | 19.5 | | | (0.1) | | | (0.8) | | | — | | | 22.1 | | | | | | | | | | | | | | | | | | | Balance at June 30, 2026, net of tax | | | | | $ | 7.2 | | | $ | 175.5 | | | $ | (0.9) | | | $ | 276.2 | | | $ | (3,282.8) | | | $ | (2,824.8) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Gains and Losses on Derivatives in Cash Flow Hedging Relationships | | Gains and Losses on Net Investment Hedges | | Gains and Losses on Available-for-Sale Fixed Income Securities | | Defined Pension Plan Items | | Foreign Currency Translation Adjustment | | Totals | | (In millions) | Foreign Currency Forward Contracts | | Interest Rate Swaps | | Total | | | | | | | | | | | | Balance at March 31, 2025, net of tax | | | | | $ | 9.0 | | | $ | 359.1 | | | $ | (0.8) | | | $ | 253.8 | | | $ | (3,492.0) | | | $ | (2,870.9) | | | Other comprehensive (loss) earnings before reclassifications, before tax | | | | | (29.5) | | | (355.2) | | | 0.2 | | | 3.4 | | | 507.0 | | | 125.9 | | | Amounts reclassified from accumulated other comprehensive (loss) earnings, before tax: | | | | | | | | | | | | | | | | | Gain on foreign exchange forward contracts classified as cash flow hedges, included in net sales | (0.7) | | | | | (0.7) | | | | | | | | | | | (0.7) | | | Loss on interest rate swaps classified as cash flow hedges, included in interest expense | | | 1.2 | | | 1.2 | | | | | | | | | | | 1.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (2.9) | | | | | (2.9) | | Net other comprehensive (loss) earnings, before tax | | | | | (29.0) | | | (355.2) | | | 0.2 | | | 0.5 | | | 507.0 | | | 123.5 | | Income tax (benefit) provision | | | | | (7.2) | | | (76.3) | | | — | | | 0.5 | | | — | | | (83.0) | | | | | | | | | | | | | | | | | | | Balance at June 30, 2025, net of tax | | | | | $ | (12.8) | | | $ | 80.2 | | | $ | (0.6) | | | $ | 253.8 | | | $ | (2,985.0) | | | $ | (2,664.4) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Gains and Losses on Derivatives in Cash Flow Hedging Relationships | | Gains and Losses on Net Investment Hedges | | Gains and Losses on Available-For-Sale Fixed Income Securities | | Defined Pension Plan Items | | Foreign Currency Translation Adjustment | | Totals | | (In millions) | Foreign Currency Forward Contracts | | Interest Rate Swaps | | Total | | | | | | | | | | | | Balance at December 31, 2024, net of tax | | | | | $ | 32.3 | | | $ | 492.6 | | | $ | (1.2) | | | $ | 254.2 | | | $ | (3,990.8) | | | $ | (3,212.9) | | Other comprehensive (loss) earnings before reclassifications, before tax | | | | | (48.3) | | | (528.9) | | | 0.8 | | | 6.1 | | | 1,005.8 | | | 435.5 | | | Amounts reclassified from accumulated other comprehensive (loss) earnings, before tax: | | | | | | | | | | | | | | | | | Gain on foreign exchange forward contracts classified as cash flow hedges, included in net sales | (10.6) | | | | | (10.6) | | | | | | | | | | | (10.6) | | | Loss on interest rate swaps classified as cash flow hedges, included in interest expense | | | 2.4 | | | 2.4 | | | | | | | | | | | 2.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (5.8) | | | | | (5.8) | | Net other comprehensive (loss) earnings, before tax | | | | | (56.5) | | | (528.9) | | | 0.8 | | | 0.3 | | | 1,005.8 | | | 421.5 | | Income tax (benefit) provision | | | | | (11.4) | | | (116.5) | | | 0.2 | | | 0.7 | | | — | | | (127.0) | | | | | | | | | | | | | | | | | | | Balance at June 30, 2025, net of tax | | | | | $ | (12.8) | | | $ | 80.2 | | | $ | (0.6) | | | $ | 253.8 | | | $ | (2,985.0) | | | $ | (2,664.4) | |
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