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Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Foreign Currency Contracts | The following table summarizes the total amount of the following forward exchange contracts, designated as fair value hedges at December 31:
(in millions) |  |  |
Forward Exchange Contracts | Currency |  | 2025 |  | 2024
Cross-Currency Intercompany Loans | SGD |  | S$ | 421.9 |  |  | S$ | 421.9 |
Cross-Currency Intercompany Loans | USD |  | $ | — |  |  | $ | 13.4 |
Cross-Currency Intercompany Demand Notes | EUR |  | € | 23.5 |  |  | € | 145.3 |
Cross-Currency Intercompany Demand Notes | USD |  | $ | — |  |  | $ | 47.1 |
As of December 31, 2025, we had outstanding foreign currency contracts to purchase and sell certain pairs of currencies, as follows:
(in millions) |  |  | Sell
Currency | Purchase |  | USD |  | EUR |  | SGD
EUR | 27.1 |  |  | 31.6 |  |  | — |  |  | — |
JPY | 4,921.3 |  |  | 20.4 |  |  | 9.9 |  |  | 3.1 |
SGD | 36.5 |  |  | 17.6 |  |  | 9.5 |  |  | — |
Schedule of Effects of Derivative Instruments on Other Comprehensive Income ('OCI') and Earnings | The following table summarizes the effects of derivative instruments designated as fair value hedges in our consolidated statements of income for the years ended December 31:
| Amount of Gain (Loss) Recognized in Income |  | Location on Statement of Income
($ in millions) | 2025 |  | 2024 |  | 2023 |  |
Fair Value Hedges: |  |  |  |  |  |  |
Hedged item (intercompany loan) | $ | 6.5 |  |  | $ | 1.6 |  |  | $ | (0.3) |  |  | Other expense (income)
Derivative designated as hedging instrument | (6.5) |  |  | (1.6) |  |  | 0.3 |  |  | Other expense (income)
Amount excluded from effectiveness testing | (1.5) |  |  | (5.9) |  |  | (1.4) |  |  | Other expense (income)
Total | $ | (1.5) |  |  | $ | (5.9) |  |  | $ | (1.4) |  |  |
The following tables summarize the effects of derivative instruments designated as fair value, cash flow, and net investment hedges on OCI and earnings, net of tax, for the years ended December 31:
| Amount of Gain (Loss) Recognized in OCI
($ in millions) | 2025 |  | 2024 |  | 2023
Fair Value Hedges: |  |  |  |  |
Foreign currency hedge contracts | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | (2.0) |
Total | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | (2.0) |
Cash Flow Hedges: |  |  |  |  |
Foreign currency hedge contracts (hedges of net sales) | $ | (1.8) |  |  | $ | 1.1 |  |  | $ | (0.8) |
Foreign currency hedge contracts (hedges of cost of goods and services sold) | 1.8 |  |  | (6.9) |  |  | (4.0) |
Forward treasury locks | — |  |  | — |  |  | — |
Total | $ | — |  |  | $ | (5.8) |  |  | $ | (4.8) |
Net Investment Hedges: |  |  |  |  |
Cross-currency swap | $ | 1.1 |  |  | $ | 6.8 |  |  | $ | 8.6 |
Total | $ | 1.1 |  |  | $ | 6.8 |  |  | $ | 8.6 |
| Amount of (Gain) Loss Reclassified from Accumulated OCI into Income |  | Location of (Gain) Loss Reclassified from Accumulated OCI into Income
($ in millions) | 2025 |  | 2024 |  | 2023 |  |
Fair Value Hedges: |  |  |  |  |  |  |
Foreign currency hedge contracts | $ | — |  |  | $ | (0.7) |  |  | $ | 2.9 |  |  | Other expense (income)
Total | $ | — |  |  | $ | (0.7) |  |  | $ | 2.9 |  |  |
Cash Flow Hedges: |  |  |  |  |  |  |
Foreign currency hedge contracts | $ | 0.6 |  |  | $ | (0.5) |  |  | $ | 1.3 |  |  | Net sales
Foreign currency hedge contracts | (0.1) |  |  | 4.2 |  |  | 2.2 |  |  | Cost of goods and services sold
Forward treasury locks | 0.1 |  |  | 0.1 |  |  | 0.2 |  |  | Interest expense
Total | $ | 0.6 |  |  | $ | 3.8 |  |  | $ | 3.7 |  |  |
Net Investment Hedges: |  |  |  |  |  |  |
Cross-currency swap | — |  |  | — |  |  | — |  |  | Other expense (income)
Total | $ | — |  |  | $ | — |  |  | $ | — |  |  |
The following table summarizes the effects of derivative instruments designated as cash flow and net investment hedges by line item in our consolidated statements of income for the years ended December 31:
($ in millions) | 2025 |  | 2024 |  | 2023
Net sales | $ | 0.6 |  |  | $ | (0.5) |  |  | $ | 1.3 |
Cost of goods and services sold | $ | (0.1) |  |  | $ | 4.2 |  |  | $ | 2.2 |
Interest expense | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |
Schedule of Derivatives Not Designated as Hedging Instruments | The following table summarizes the effects of derivative instruments not designated as hedges in our consolidated statements of income for the years ended December 31:
| Amount of Gain (Loss) Recognized in Income |  | Location on Statement of Income
($ in millions) | 2025 |  | 2024 |  | 2023 |  |
Commodity call options | $ | (0.7) |  |  | $ | (0.7) |  |  | $ | (1.3) |  |  | Other expense (income)
Currency forwards | 1.0 |  |  | $ | (2.5) |  |  | 0.1 |  |  | Other expense (income)
Total | $ | 0.3 |  |  | $ | (3.2) |  |  | $ | (1.2) |  |  |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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