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Share-based compensation plans (Tables) | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Compensation Expense by Plan | Compensation expenses are classified as selling, general and administrative expenses in the condensed consolidated statements of operations. Compensation expenses for the share-based awards were as follows:
| Compensation Expense |  | Compensation Expense
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Performance stock units | $ | 4.6 |  |  | 4.7 |  |  | $ | 8.6 |  |  | 7.7 |
Restricted stock units | 2.9 |  |  | 3.1 |  |  | 5.6 |  |  | 5.4 |
Deferred stock units and fees paid in stock | 0.4 |  |  | 0.3 |  |  | 0.8 |  |  | 0.7 |
Cash based awards | 0.4 |  |  | 0.5 |  |  | 0.7 |  |  | 0.8 |
Share-based payment expense | 8.3 |  |  | 8.6 |  |  | 15.7 |  |  | 14.6 |
Income tax benefit | (1.9) |  |  | (1.9) |  |  | (3.6) |  |  | (3.3) |
Share-based payment expense, net of tax | $ | 6.4 |  |  | 6.7 |  |  | $ | 12.1 |  |  | 11.3 |
Option Activity | The following table summarizes time-based stock option activity during the first six months of 2026:
| Shares (in thousands) |  | Weighted-Average Grant-Date Fair Value
Outstanding balance as of December 31, 2025 | 2.8 |  |  | $ | 19.75 |
Exercised | (2.8) |  |  | 19.75 |
Outstanding balance as of June 30, 2026 | — |  |  | $ | — |
Nonvested Share Activity | The following table summarizes RSU activity during the first six months of 2026:
| Shares (in thousands) |  | Weighted-Average Grant-Date Fair Value
Nonvested balance as of December 31, 2025 | 263.7 |  |  | $ | 84.52 |
Granted | 121.7 |  |  | 122.05 |
Forfeited | (22.4) |  |  | 96.45 |
Vested | (109.2) |  |  | 77.64 |
Nonvested balance as of June 30, 2026 | 253.8 |  |  | $ | 104.43 |
The following table summarizes all PSU activity during the first six months of 2026:
| Shares (in thousands) |  | Weighted-Average Grant-Date Fair Value
Nonvested balance as of December 31, 2025 | 522.4 |  |  | $ | 80.75 |
Granted | 347.2 |  |  | 113.92 |
Forfeited or expired | (33.2) |  |  | 92.42 |
Vested(a) | (167.8) |  |  | 69.24 |
Nonvested balance as of June 30, 2026 | 668.6 |  |  | $ | 100.36 |
(a)The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, the actual shares earned and distributed for the performance period ended December 31, 2025 were 358.9 thousand, compared to target shares of 167.8 thousand. The following table summarizes all DSU activity during the first six months of 2026:
| Shares (in thousands) |  | Weighted-Average Grant-Date Fair Value
Nonvested balance as of December 31, 2025 | 14.8 |  |  | $ | 92.19 |
Granted | 12.6 |  |  | 107.71 |
Vested | (14.8) |  |  | 92.19 |
Nonvested balance as of June 30, 2026 | 12.6 |  |  | $ | 107.71 |

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