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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Shareholders' Equity | Shareholders' Equity. The following table summarizes the changes in the Company’s Accumulated Other Comprehensive Income (AOCI), net of tax, by component for the three and six months ended June 30, 2025 and 2024:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | Three months ended June 30, |  | Six months ended June 30,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Beginning balance | $ | (41.6) |  |  | $ | (28.8) |  |  | $ | (111.6) |  |  | $ | 14.2 |
Other comprehensive income (loss) before reclassifications(1) | 128.6 |  |  | (35.2) |  |  | 198.6 |  |  | (78.2) |
Currency translation adjustments AOCI | $ | 87.0 |  |  | $ | (64.0) |  |  | $ | 87.0 |  |  | $ | (64.0) |
Beginning balance | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (0.1) |
Other comprehensive income (loss) before reclassifications | — |  |  | (0.3) |  |  | — |  |  | (0.3) |
Foreign currency hedges AOCI | $ | (0.1) |  |  | $ | (0.4) |  |  | $ | (0.1) |  |  | $ | (0.4) |
Beginning balance | $ | (0.1) |  |  | $ | — |  |  | $ | (0.1) |  |  | $ | — |
Other comprehensive loss before reclassifications | — |  |  | (0.3) |  |  | — |  |  | (0.3) |
Interest rate hedges AOCI | $ | (0.1) |  |  | $ | (0.3) |  |  | $ | (0.1) |  |  | $ | (0.3) |
Beginning balance | $ | (6.3) |  |  | $ | (1.1) |  |  | $ | (5.7) |  |  | $ | (6.1) |
Amounts reclassified from AOCI(2) | (0.8) |  |  | 1.9 |  |  | (1.4) |  |  | 6.9 |
Pension and other post-retirement benefits | $ | (7.1) |  |  | $ | 0.8 |  |  | $ | (7.1) |  |  | $ | 0.8 |
Beginning balance | $ | (0.7) |  |  | $ | (0.4) |  |  | $ | (0.4) |  |  | $ | (0.4) |
Other comprehensive loss before reclassifications | — |  |  | — |  |  | (0.3) |  |  | — |
Other | $ | (0.7) |  |  | $ | (0.4) |  |  | $ | (0.7) |  |  | $ | (0.4) |
AOCI at June 30 | $ | 79.0 |  |  | $ | (64.3) |  |  | $ | 79.0 |  |  | $ | (64.3) |
(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(0.3), $0.2, $— and $0.2 translation amount attributable to noncontrolling interests for the three and six months ended June 30, 2025 and 2024, respectively. (2) The total reclassification from AOCI included pension and post-retirement net actuarial gain (loss) of $(0.8), $1.9, $(1.4) and $6.9, net of tax, for the three and six months ended June 30, 2025 and 2024, respectively. Common stock. The Company's authorized common stock includes 45,000,000 shares, with a par value of $0.01 per share. As of June 30, 2025, 37,715,053 shares were issued and 36,859,610 shares were outstanding. As of December 31, 2024, 37,576,678 shares were issued and 37,576,678 shares were outstanding. We repurchased 855,443 shares for a total of $39.7 during the six months ended June 30, 2025. The Company's share repurchase program does not obligate it to acquire any specific number of shares. Under this program shares may be purchased in the open market or otherwise, including under accelerated share repurchase programs or under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

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