v3.26.1
Derivatives (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Not Designated as Hedging Instruments
The following tables set forth the Company's derivative assets and liabilities that were accounted for at fair value and not designated as cash flow hedges as of June 30, 2026 and December 31, 2025, respectively:
Asset Fair Value
June 30, 2026December 31, 2025
Commodity contracts(1)
$9.6 $1.9 
Liability Fair Value
June 30, 2026December 31, 2025
Commodity contracts(1)
$83.3 $66.0 
(1)Commodity contracts reflect our outstanding LME and MWP forward financial sales contracts, Indiana Hub power price swaps, fixed for floating swaps, and HFO price swaps.
Schedule of Derivative Instruments
The following table summarizes the net loss on forward and derivative contracts:
Three months ended
June 30,
Six months ended
June 30,
2026202520262025
Commodity contracts$7.1 $(15.5)$(58.2)$(20.9)