Derivatives (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table summarizes the reclassification of pre-tax derivative gains and losses into net income from accumulated other comprehensive income (loss) for those derivative instruments designated as cash flow and fair value hedges under Accounting Standards Codification (ASC) 815 - Derivatives and Hedging:


	Location		Gain (Loss) Reclassified During				Total of Financial		Gain (Loss) Expected
	of Gain (Loss)	Three Months Ended			Statement		to be Reclassified
	Reclassified into	March 31,			Line Item		During the
	Net Income		2025		2024		2025		Next 12 Months
			(in millions)

Currency forward contracts	Cost of Goods Sold		$	(4.1)	$	4.7	$	1,237.4	$	(7.4)
Fixed-to-fixed cross-currency swap	Other Expense, net		(8.0)		5.0		(2.9)		—
Variable-to-fixed interest rate swap	Interest Expense		1.0		0.3		(42.9)		1.7

See Note 8 - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (AOCI) for amounts recognized in other comprehensive income (loss) during the three months ended March 31, 2025 and 2024.

The following table summarizes the amount and location of gains recognized in the Condensed Consolidated Statements of Income for those derivative instruments not designated as hedging instruments under ASC 815:


	Location		Gain Recognized During				Total of Financial
	of Gain	Three Months Ended			Statement
	Recognized in	March 31,			Line Item
	Net Income		2025		2024		2025
			(in millions)


Currency forward contracts	Other Expense, net		$	0.9	$	1.1	$	(2.9)
Currency forward contracts	Gain on Business Combination Derivative		21.9		—		21.9