v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis
The carrying amount and the estimated fair value for assets and liabilities measured on a recurring basis were:
June 30, 2026
(millions)Carrying
Amount
Fair Value Measurements
Level 1Level 2Level 3
Assets
Foreign currency forward contracts$18.5 $- $18.5 $- 
Cross-currency swap derivative contracts36.2 - 36.2 - 
Liabilities
Foreign currency forward contracts20.6 - 20.6 - 
Interest rate swap agreements75.4 - 75.4 - 
Cross-currency swap derivative contracts179.3 - 179.3 - 
December 31, 2025
(millions)Carrying
Amount
Fair Value Measurements
Level 1Level 2Level 3
Assets
Foreign currency forward contracts$17.4 $- $17.4 $- 
Cross-currency swap derivative contracts11.4 11.4 
Liabilities
Foreign currency forward contracts20.3 20.3 
Interest rate swap agreements74.4 74.4 
Cross-currency swap derivative contracts190.6 190.6 
Schedule of carrying amount and estimated fair value of long-term debt The carrying amount, which includes adjustments related to the impact of interest rate swap agreements, premiums and discounts, and deferred debt issuance costs, and the estimated fair value of long-term debt, including current maturities, held by the Company were:
June 30, 2026December 31, 2025
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Long-term debt, including current maturities$13,170.8 $12,416.7 $8,125.3 $7,381.8