v3.26.3
Financial Instruments and Risk Management (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
In millionsAmount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI into Net income (loss)Location of Gain (Loss) Reclassified from AOCI in Net income (loss)
Three Months Ended September 30,
2026202520262025
Cash flow hedging derivatives:
Currency exchange contracts$0.1 $0.1 $— $(0.1)Net sales
Natural gas contracts(0.6)(0.8)(0.3)0.3 Cost of sales
Interest rate swap contracts— (0.2)— — Interest expense, net
Total$(0.5)$(0.9)$(0.3)$0.2 
In millionsAmount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI into Net income (loss)Location of Gain (Loss) Reclassified from AOCI in Net income (loss)
Nine Months Ended September 30,
2026202520262025
Cash flow hedging derivatives:
Currency exchange contracts$0.1 $(0.4)$— $(0.3)Net sales
Natural gas contracts(0.6)(1.2)(0.4)0.2 Cost of sales
Interest rate swap contracts0.4 (1.0)— — Interest expense, net
Total$(0.1)$(2.6)$(0.4)$(0.1)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following information is presented for derivative assets and liabilities that are recorded in the condensed consolidated balance sheets at fair value measured on a recurring basis. There were no transfers of assets and liabilities that are recorded at fair value between Level 1 and Level 2 during the periods reported. There were no nonrecurring fair value measurements related to derivative assets and liabilities on the condensed consolidated balance sheets as of September 30, 2026, or December 31, 2025.
September 30, 2026
In millions
Level 1(1)
Level 2(2)
Level 3(3)
Total
Assets:
Currency exchange contracts (4)
$— $0.5 $— $0.5 
Total assets$— $0.5 $— $0.5 
Liabilities:
Natural gas contracts (5)
$— $0.6 $— $0.6 
Currency exchange contracts (5)
— 0.5 — 0.5 
Total liabilities$— $1.1 $— $1.1 
December 31, 2025
In millions
Level 1(1)
Level 2(2)
Level 3(3)
Total
Assets:
Currency exchange contracts (4)
$— $0.5 $— $0.5 
Total assets$— $0.5 $— $0.5 
Liabilities:
Natural gas contracts (5)
$— $0.5 $— $0.5 
Currency exchange contracts (5)
— 0.5 — 0.5 
Interest rate swap contracts (6)
— 0.4 — 0.4 
Total liabilities$— $1.4 $— $1.4 
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(1) Quoted prices in active markets for identical assets.
(2) Quoted prices for similar assets and liabilities in active markets.
(3) Significant unobservable inputs.
(4) Included within "Prepaid and other current assets" on the condensed consolidated balance sheets.
(5) Included within "Accrued expenses" on the condensed consolidated balance sheets.
(6) Included within "Other liabilities" on the condensed consolidated balance sheets.