Pension and Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2026

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Expense

Net periodic pension expense is presented below:


						Three Months Ended September 30, 2026																		Three Months Ended September 30, 2025
						Total						U.S. Plans						International Plans						Total						U.S. Plans						International Plans
Service cost(i)						$	0.5					$	—					$	0.5					$	0.4					$	—					$	0.4
Interest cost						40.4						22.2						18.2						47.8						28.6						19.2
Expected return on plan assets						(35.7)						(15.8)						(19.9)						(57.2)						(34.6)						(22.6)
Amortization of prior service benefit						(1.2)						(0.6)						(0.6)						(1.1)						(0.6)						(0.5)
Recognized net actuarial loss						27.7						18.6						9.1						25.1						18.7						6.4
Settlement losses (ii)(iii)						151.2						151.2						—						227.7						227.7						—
Net periodic pension expense						$	182.9					$	175.6					$	7.3					$	242.7					$	239.8					$	2.9


						Nine Months Ended September 30, 2026																		Nine Months Ended September 30, 2025
						Total						U.S. Plans						International Plans						Total						U.S. Plans						International Plans
Service cost(i)						$	1.3					$	—					$	1.3					$	1.1					$	—					$	1.1
Interest cost						120.5						65.1						55.4						140.2						84.4						55.8
Expected return on plan assets						(107.5)						(47.1)						(60.4)						(152.8)						(87.2)						(65.6)
Amortization of prior service benefit						(3.6)						(1.9)						(1.7)						(3.4)						(1.9)						(1.5)
Recognized net actuarial loss						80.8						53.6						27.2						73.6						54.8						18.8
Settlement losses (ii)(iii)						151.2						151.2						—						227.7						227.7						—
Net periodic pension expense						$	242.7					$	220.9					$	21.8					$	286.4					$	277.8					$	8.6


(i) Service cost is reported in selling, general and administrative expense. All other components of net periodic pension expense are reported in other (expense), net in the consolidated statements of income (loss).
(ii) In September 2026, the company purchased a group annuity contract, with plan assets, to transfer to a third-party issuer approximately $200 million of projected U.S. defined benefit pension liabilities. This action resulted in a pre-tax settlement loss of $151.2 million for both the three and nine months ended September 30, 2026.
(iii) In September 2025, the company purchased a group annuity contract, with plan assets, to transfer to a third-party issuer approximately $320 million of projected U.S. defined benefit pension liabilities. This action resulted in a pre-tax settlement loss of $227.7 million for both the three and nine months ended September 30, 2025.

Net periodic postretirement benefit expense is presented below:


						Three Months Ended September 30,												Nine Months Ended September 30,
						2026						2025						2026						2025
Service cost(i)						$	—					$	—					$	—					$	0.1
Interest cost						0.7						0.6						1.9						1.8
Expected return on assets						(0.1)						—						(0.1)						(0.1)
Recognized net actuarial gain						(0.3)						(0.5)						(0.7)						(1.6)
Amortization of prior service benefit						0.2						0.1						0.5						0.2
Net periodic postretirement benefit expense						$	0.5					$	0.2					$	1.6					$	0.4


(i) Service cost is reported in selling, general and administrative expense. All other components of net periodic postretirement benefit expense are reported in other (expense), net in the consolidated statements of income (loss).