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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Activity for Each Component of Accumulated Other Comprehensive Loss | The following tables summarize the activity for each component of Accumulated Other Comprehensive Loss (in millions):
| Foreign Currency Translation Adjustments |  | Unrealized Gain on Hedges |  | Unrealized Loss on Available-for-sale Investments |  | Unrealized Pension Costs |  | Total Accumulated Other Comprehensive Loss
December 31, 2023 | $ | (214.5) |  |  | $ | 0.7 |  |  | $ | (24.8) |  |  | $ | (4.2) |  |  | $ | (242.8) |
Other comprehensive (loss) income before reclassifications | (23.3) |  |  | 43.4 |  |  | 7.0 |  |  | 0.4 |  |  | 27.5 |
Amounts reclassified from accumulated other comprehensive loss | (1.7) |  |  | (7.2) |  |  | 2.5 |  |  | — |  |  | (6.4) |
Deferred income tax expense | (1.1) |  |  | (9.3) |  |  | (1.1) |  |  | (0.1) |  |  | (11.6) |
March 31, 2024 | $ | (240.6) |  |  | $ | 27.6 |  |  | $ | (16.4) |  |  | $ | (3.9) |  |  | $ | (233.3) |
Other comprehensive income (loss) before reclassifications | 3.4 |  |  | 21.8 |  |  | 4.2 |  |  | (0.1) |  |  | 29.3 |
Amounts reclassified from accumulated other comprehensive loss | (1.8) |  |  | (12.5) |  |  | 1.0 |  |  | — |  |  | (13.3) |
Deferred income tax (expense) benefit | (0.6) |  |  | (2.4) |  |  | 0.1 |  |  | — |  |  | (2.9) |
June 30, 2024 | $ | (239.6) |  |  | $ | 34.5 |  |  | $ | (11.1) |  |  | $ | (4.0) |  |  | $ | (220.2) |
| Foreign Currency Translation Adjustments |  | Unrealized Gain on Hedges |  | Unrealized Loss on Available-for-sale Investments |  | Unrealized Pension Credits |  | Total Accumulated Other Comprehensive Loss
December 31, 2022 | $ | (218.8) |  |  | $ | 23.8 |  |  | $ | (65.6) |  |  | $ | 5.7 |  |  | $ | (254.9) |
Other comprehensive income (loss) before reclassifications | 4.9 |  |  | 6.7 |  |  | 9.0 |  |  | (0.1) |  |  | 20.5 |
Amounts reclassified from accumulated other comprehensive loss | (1.7) |  |  | (29.8) |  |  | 4.0 |  |  | — |  |  | (27.5) |
Deferred income tax benefit | 0.6 |  |  | 5.9 |  |  | — |  |  | — |  |  | 6.5 |
March 31, 2023 | $ | (215.0) |  |  | $ | 6.6 |  |  | $ | (52.6) |  |  | $ | 5.6 |  |  | $ | (255.4) |
Other comprehensive (loss) income before reclassifications | (11.3) |  |  | 33.5 |  |  | 2.1 |  |  | 0.2 |  |  | 24.5 |
Amounts reclassified from accumulated other comprehensive loss | (1.8) |  |  | (25.2) |  |  | 3.8 |  |  | — |  |  | (23.2) |
Deferred income tax benefit (expense) | 1.6 |  |  | (3.0) |  |  | — |  |  | — |  |  | (1.4) |
June 30, 2023 | $ | (226.5) |  |  | $ | 11.9 |  |  | $ | (46.7) |  |  | $ | 5.8 |  |  | $ | (255.5) |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Loss | The following table provides information about amounts reclassified from Accumulated Other Comprehensive Loss (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| Affected Line on Consolidated Condensed Statements of Operations
Details about Accumulated Other Comprehensive Loss Components | 2024 |  | 2023 |  | 2024 |  | 2023 |
Foreign currency translation adjustments | $ | 1.8 |  |  | $ | 1.8 |  |  | $ | 3.5 |  |  | $ | 3.5 |  |  | Other income, net
| (0.4) |  |  | (0.4) |  |  | (0.8) |  |  | (0.8) |  |  | Provision for income taxes
| $ | 1.4 |  |  | $ | 1.4 |  |  | $ | 2.7 |  |  | $ | 2.7 |  |  | Net of tax
Gain on hedges | $ | 12.5 |  |  | $ | 13.9 |  |  | $ | 14.9 |  |  | $ | 43.7 |  |  | Cost of sales
| — |  |  | 11.3 |  |  | 4.8 |  |  | 11.3 |  |  | Other income, net
| 12.5 |  |  | 25.2 |  |  | 19.7 |  |  | 55.0 |  |  | Total before tax
| (3.2) |  |  | (4.8) |  |  | (4.7) |  |  | (11.9) |  |  | Provision for income taxes
| $ | 9.3 |  |  | $ | 20.4 |  |  | $ | 15.0 |  |  | $ | 43.1 |  |  | Net of tax
Loss on available-for-sale investments | $ | (1.0) |  |  | $ | (3.8) |  |  | $ | (3.5) |  |  | $ | (7.8) |  |  | Interest income, net
| 0.3 |  |  | 0.9 |  |  | 0.9 |  |  | 1.9 |  |  | Provision for income taxes
| $ | (0.7) |  |  | $ | (2.9) |  |  | $ | (2.6) |  |  | $ | (5.9) |  |  | Net of tax

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