XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.25.1

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value Hedging Instruments | The following amounts were recorded on the Condensed Consolidated Balance Sheets related to hedged items as of March 31, 2025 and December 31, 2024:
($ in millions) | March 31, 2025 |  | December 31, 2024
Line Item in Condensed Consolidated Balance Sheets in Which the Hedged Item Is Included | Carrying Amount of the Hedged Liability
Long-term debt, less current portion 1 | $ | 486.2 |  |  | $ | 468.7 |
______________________ 1. Carrying amount excludes the unamortized debt discounts as of March 31, 2025 a nd December 31, 2024.
Schedule of Derivative Liabilities at Fair Value | The fair value of the Company's derivative liabilities included in Accruals and other current liabilities as of March 31, 2025 and December 31, 2024 was as follows:
($ in millions) | March 31, 2025 |  | December 31, 2024
Derivative Contract | Liabilities
Foreign exchange contracts | $ | 18.2 |  |  | $ | 36.0 |
Schedule of Foreign Exchange Contracts, Statement of Financial Position | The amount of gains or (losses) recognized in Other operating expense (income), net in the Condensed Consolidated Statements of Operations for fair value hedging relationships, presented on a pre-tax basis, for the three months ended March 31, 2025 is shown in the table below:
($ in millions) |  | March 31, 2025
Foreign exchange contracts |  |
Hedged item |  | $ | (17.5) |
Derivative designated as hedging instrument |  | $ | 17.5 |
Amount reclassified from AOCI to expense (amortized) |  | $ | (2.3) |
The amount of gains or (losses), net of tax, recognized in the Condensed Consolidated Statements of Comprehensive Income for fair value hedging relationships for the three months ended March 31, 2025 is shown in the table below:
($ in millions) |  | March 31, 2025
Foreign exchange contracts |  |
Amount excluded from the assessment of effectiveness 1 |  | $ | 0.3 |
______________________ 1. Amount is net of tax expense of $0.1 million for the three months ended March 31, 2025.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration