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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 9 Months Ended
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Sep. 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 (Loss) 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) |
Other comprehensive income (loss) before reclassifications | 3.8 |  |  | (41.0) |  |  | 6.8 |  |  | — |  |  | (30.4) |
Amounts reclassified from accumulated other comprehensive loss | (1.6) |  |  | (17.0) |  |  | (0.8) |  |  |  |  | (19.4) |
Deferred income tax benefit | 2.1 |  |  | 15.3 |  |  | 0.1 |  |  | — |  |  | 17.5 |
September 30, 2024 | $ | (235.3) |  |  | $ | (8.2) |  |  | $ | (5.0) |  |  | $ | (4.0) |  |  | $ | (252.5) |
| 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) |
Other comprehensive (loss) income before reclassifications | (20.7) |  |  | 38.6 |  |  | 9.4 |  |  | — |  |  | 27.3 |
Amounts reclassified from accumulated other comprehensive loss | (1.7) |  |  | (14.1) |  |  | 1.2 |  |  | — |  |  | (14.6) |
Deferred income tax (expense) benefit | (1.0) |  |  | (6.3) |  |  | — |  |  | — |  |  | (7.3) |
September 30, 2023 | $ | (249.9) |  |  | $ | 30.1 |  |  | $ | (36.1) |  |  | $ | 5.8 |  |  | $ | (250.1) |
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 September 30, |  | Nine Months Ended September 30, |  |
| Affected Line on Consolidated Condensed Statements of Operations
Details about Accumulated Other Comprehensive Loss Components | 2024 |  | 2023 |  | 2024 |  | 2023 |
Foreign currency translation adjustments | $ | 1.6 |  |  | $ | 1.7 |  |  | $ | 5.1 |  |  | $ | 5.2 |  |  | Other non-operating income, net
| (0.5) |  |  | (0.5) |  |  | (1.3) |  |  | (1.3) |  |  | Provision for income taxes
| $ | 1.1 |  |  | $ | 1.2 |  |  | $ | 3.8 |  |  | $ | 3.9 |  |  | Net of tax
Gain (Loss) on hedges | $ | 17.0 |  |  | $ | 9.3 |  |  | $ | 31.9 |  |  | $ | 53.0 |  |  | Cost of sales
| — |  |  | 4.8 |  |  | 4.8 |  |  | 16.1 |  |  | Other non-operating income, net
| 17.0 |  |  | 14.1 |  |  | 36.7 |  |  | 69.1 |  |  | Total before tax
| (4.2) |  |  | (2.9) |  |  | (8.9) |  |  | (14.8) |  |  | Provision for income taxes
| $ | 12.8 |  |  | $ | 11.2 |  |  | $ | 27.8 |  |  | $ | 54.3 |  |  | Net of tax
Loss on available-for-sale investments | $ | 0.8 |  |  | $ | (1.2) |  |  | $ | (2.7) |  |  | $ | (9.0) |  |  | Interest income, net
| (0.2) |  |  | 0.4 |  |  | 0.7 |  |  | 2.3 |  |  | Provision for income taxes
| $ | 0.6 |  |  | $ | (0.8) |  |  | $ | (2.0) |  |  | $ | (6.7) |  |  | Net of tax

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