| Accumulated Other Comprehensive Loss |
Accumulated other comprehensive loss, as reflected in the condensed consolidated balance sheets, is comprised of the following: | | | | | | | | | | | | | (In millions) | September 30, 2026 | | December 31, 2025 | | Accumulated other comprehensive loss: | | | | | Net unrealized loss on available-for-sale fixed income securities, net of tax | $ | (1.8) | | | $ | (0.4) | | | Net unrecognized gain and prior service cost related to defined benefit plans, net of tax | 275.7 | | | 279.6 | | | Net unrecognized gain (loss) on derivatives in cash flow hedging relationships, net of tax | 6.8 | | | (3.1) | | | Net unrecognized gain on derivatives in net investment hedging relationships, net of tax | 186.1 | | | 105.1 | | | Foreign currency translation adjustment | (3,288.9) | | | (3,088.2) | | | $ | (2,822.1) | | | $ | (2,707.0) | |
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| Components of Other Comprehensive Loss |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 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 June 30, 2026, net of tax | | | | | $ | 7.2 | | | $ | 175.5 | | | $ | (0.9) | | | $ | 276.2 | | | $ | (3,282.8) | | | $ | (2,824.8) | | | Other comprehensive earnings (loss) before reclassifications, before tax | | | | | (2.4) | | | 13.5 | | | (1.2) | | | 1.6 | | | (6.1) | | | 5.4 | | | 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 | 2.0 | | | | | 2.0 | | | | | | | | | | | 2.0 | | | Gain on interest rate swaps classified as cash flow hedges, included in interest expense | | | (0.2) | | | (0.2) | | | | | | | | | | | (0.2) | | | Amortization of prior service costs included in other expense, net | | | | | | | | | | | 0.6 | | | | | 0.6 | | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (2.2) | | | | | (2.2) | | | Net other comprehensive earnings (loss), before tax | | | | | (0.6) | | | 13.5 | | | (1.2) | | | — | | | (6.1) | | | 5.6 | | | Income tax provision (benefit) | | | | | (0.2) | | | 2.9 | | | (0.3) | | | 0.5 | | | — | | | 2.9 | | | | | | | | | | | | | | | | | | | Balance at September 30, 2026, net of tax | | | | | $ | 6.8 | | | $ | 186.1 | | | $ | (1.8) | | | $ | 275.7 | | | $ | (3,288.9) | | | $ | (2,822.1) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 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 | | | | | 0.6 | | | 103.4 | | | (1.8) | | | 0.6 | | | (200.7) | | | (97.9) | | | 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 | 10.7 | | | | | 10.7 | | | | | | | | | | | 10.7 | | | Loss on interest rate swaps classified as cash flow hedges, included in interest expense | | | 1.9 | | | 1.9 | | | | | | | | | | | 1.9 | | | Amortization of prior service costs included in other expense, net | | | | | | | | | | | 1.9 | | | | | 1.9 | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (6.7) | | | | | (6.7) | | Net other comprehensive earnings (loss), before tax | | | | | 13.2 | | | 103.4 | | | (1.8) | | | (4.2) | | | (200.7) | | | (90.1) | | Income tax provision (benefit) | | | | | 3.3 | | | 22.4 | | | (0.4) | | | (0.3) | | | — | | | 25.0 | | | | | | | | | | | | | | | | | | | Balance at September 30, 2026, net of tax | | | | | $ | 6.8 | | | $ | 186.1 | | | $ | (1.8) | | | $ | 275.7 | | | $ | (3,288.9) | | | $ | (2,822.1) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 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 June 30, 2025, net of tax | | | | | $ | (12.8) | | | $ | 80.2 | | | $ | (0.6) | | | $ | 253.8 | | | $ | (2,985.0) | | | $ | (2,664.4) | | | Other comprehensive (loss) earnings before reclassifications, before tax | | | | | 8.2 | | | 25.3 | | | 0.3 | | | (1.0) | | | (74.0) | | | (41.2) | | | 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 | 2.1 | | | | | 2.1 | | | | | | | | | | | 2.1 | | | 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 | | | | | 11.5 | | | 25.3 | | | 0.3 | | | (3.9) | | | (74.0) | | | (40.8) | | Income tax (benefit) provision | | | | | 2.9 | | | 5.5 | | | 0.1 | | | (0.5) | | | — | | | 8.0 | | | | | | | | | | | | | | | | | | | Balance at September 30, 2025, net of tax | | | | | $ | (4.2) | | | $ | 100.0 | | | $ | (0.4) | | | $ | 250.4 | | | $ | (3,059.0) | | | $ | (2,713.2) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 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 | | | | | (40.1) | | | (503.6) | | | 1.1 | | | 5.1 | | | 931.8 | | | 394.3 | | | 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 | (8.5) | | | | | (8.5) | | | | | | | | | | | (8.5) | | | Loss on interest rate swaps classified as cash flow hedges, included in interest expense | | | 3.6 | | | 3.6 | | | | | | | | | | | 3.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization of actuarial gain included in SG&A | | | | | | | | | | | (8.7) | | | | | (8.7) | | Net other comprehensive (loss) earnings, before tax | | | | | (45.0) | | | (503.6) | | | 1.1 | | | (3.6) | | | 931.8 | | | 380.7 | | Income tax (benefit) provision | | | | | (8.5) | | | (111.0) | | | 0.3 | | | 0.2 | | | — | | | (119.0) | | | | | | | | | | | | | | | | | | | Balance at September 30, 2025, net of tax | | | | | $ | (4.2) | | | $ | 100.0 | | | $ | (0.4) | | | $ | 250.4 | | | $ | (3,059.0) | | | $ | (2,713.2) | |
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