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SHAREHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | NOTE 15. SHAREHOLDERS’ EQUITY On December 11, 2024, our Board of Directors approved a share repurchase program with a $1.3 billion authorization (2024 Repurchase Authorization). The Board of Directors previously authorized share repurchases with a $2.0 billion authorization on July 28, 2022 (2022 Repurchase Authorization). The 2024 Repurchase Authorization and 2022 Repurchase Authorization will terminate upon the purchase of $1.3 billion and $2.0 billion of common stock, respectively. For the nine months ended September 30, 2025 and 2024, 1.7 million and 4.9 million shares, respectively, of common stock were repurchased and retired at a total value of $40.4 million and $256.8 million, respectively. As of September 30, 2025, a cumulative total of 26.8 million shares of common stock have been repurchased and retired at a total value of $1,341.1 million under the 2022 Repurchase Authorization program, and $658.9 million of common stock remained authorized to be repurchased under the 2022 Repurchase Authorization program. As of September 30, 2025, there have been no repurchases under the 2024 Repurchase Authorization program and $1.3 billion remained available. We issued less than 0.1 million and 0.9 million shares representing stock options exercised for the nine months ended September 30, 2025 and 2024, respectively, with a total value of $2.1 million and $22.6 million, respectively. The following table represents the activity included in accumulated other comprehensive loss:
| Foreign Currency Translation |  | Cash Flow Hedges |  | Pension and Postretirement Benefits |  | Total
Accumulated Other Comprehensive Loss | ($ in millions)
Balance at January 1, 2024 | $ | (39.7) |  |  | $ | (18.4) |  |  | $ | (438.2) |  |  | $ | (496.3) |
Unrealized (losses) gains |  |  |  |  |  |  |
First quarter | (2.3) |  |  | (3.0) |  |  | — |  |  | (5.3) |
Second quarter | (2.5) |  |  | 17.1 |  |  | — |  |  | 14.6 |
Third quarter | 2.3 |  |  | (1.0) |  |  | — |  |  | 1.3 |
Reclassification adjustments of losses into income |  |  |  |  |  |  |
First quarter | — |  |  | 13.3 |  |  | 1.6 |  |  | 14.9 |
Second quarter | — |  |  | 5.3 |  |  | 1.9 |  |  | 7.2 |
Third quarter | — |  |  | 7.2 |  |  | 1.1 |  |  | 8.3 |
Tax provision |  |  |  |  |  |  |
First quarter | — |  |  | (2.6) |  |  | (0.4) |  |  | (3.0) |
Second quarter | — |  |  | (5.6) |  |  | (0.5) |  |  | (6.1) |
Third quarter | — |  |  | (1.5) |  |  | (0.3) |  |  | (1.8) |
Net change | (2.5) |  |  | 29.2 |  |  | 3.4 |  |  | 30.1 |
Balance at September 30, 2024 | $ | (42.2) |  |  | $ | 10.8 |  |  | $ | (434.8) |  |  | $ | (466.2) |
Balance at January 1, 2025 | $ | (45.9) |  |  | $ | 7.8 |  |  | $ | (412.0) |  |  | $ | (450.1) |
Unrealized (losses) gains |  |  |  |  |  |  |
First quarter | (1.2) |  |  | 34.4 |  |  | — |  |  | $ | 33.2 |
Second quarter | (2.2) |  |  | (13.5) |  |  | — |  |  | (15.7) |
Third quarter | (9.6) |  |  | (11.3) |  |  | — |  |  | (20.9) |
Reclassification adjustments of (gains) losses into income |  |  |  |  |  |  |
First quarter | — |  |  | (8.1) |  |  | 1.2 |  |  | (6.9) |
Second quarter | — |  |  | (12.8) |  |  | 1.5 |  |  | (11.3) |
Third quarter | — |  |  | 8.5 |  |  | 1.5 |  |  | 10.0 |
Tax (provision) benefit |  |  |  |  |  |  |
First quarter | — |  |  | (6.5) |  |  | (0.3) |  |  | (6.8) |
Second quarter | — |  |  | 6.5 |  |  | (0.3) |  |  | 6.2 |
Third quarter | — |  |  | 0.6 |  |  | (0.5) |  |  | 0.1 |
Net change | (13.0) |  |  | (2.2) |  |  | 3.1 |  |  | (12.1) |
Balance at September 30, 2025 | $ | (58.9) |  |  | $ | 5.6 |  |  | $ | (408.9) |  |  | $ | (462.2) |
Cost of goods sold included reclassification adjustments for realized gains and losses on derivative contracts from accumulated other comprehensive loss. Non-operating pension income included the amortization of prior service costs and actuarial losses from accumulated other comprehensive loss.

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