v3.26.1
Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.
Expiring at various dates through:Total USD
Equivalent
Notional
Amount		As of June 30, 2026
DerivativesAssetsLiabilities
Other
Current
Assets		SundryOther
Current
Liabilities		Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesDec 2027$233.3 $5.3 $.3 $1.1 $.2 
Total fair value hedgesOct 202653.2 — — .9 — 
Not designated as hedging instrumentsJul 202665.8 — — — — 
Total derivatives$5.3 $.3 $2.0 $.2 
Expiring at various dates through:Total USD
Equivalent
Notional
Amount		As of December 31, 2025
DerivativesAssetsLiabilities
Other
Current
Assets		SundryOther
Current
Liabilities		Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesJun 2027$240.5 $3.3 $.3 $.9 $— 
Total fair value hedgesApr 202683.7 .7 — — — 
Not designated as hedging instrumentsJun 2026100.6 .2 — .3 — 
Total derivatives$4.2 $.3 $1.2 $— 
The following table sets forth the pretax losses (gains) for our hedging activities for the periods presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note K) as well as derivative settlements recorded directly to income or expense.
DerivativesConsolidated Condensed Statements of Operations PresentationAmount of Loss (Gain)
Recorded in Income
Six Months Ended June 30,		Amount of Loss (Gain)
Recorded in Income
Three Months Ended
 June 30,
2026202520262025
Designated as hedging instruments
Interest rate cash flow hedgesInterest expense$(.2)$(.2)$(.1)$(.1)
Currency cash flow hedgesNet trade sales(.7)2.0 (.6).5 
Currency cash flow hedgesCost of goods sold(1.8)(.6)(1.0)(.3)
Total cash flow hedges(2.7)1.2 (1.7).1 
Fair value hedgesOther expense (income), net1.2 (.2)(.9)(.1)
Not designated as hedging instrumentsOther expense (income), net(1.9)8.5 (.8)5.5 
Total derivative instruments$(3.4)$9.5 $(3.4)$5.5