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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] |
Effect of Net Investment Hedges on AOCI | The effect of our net investment hedges on AOCL for the year ended December 31, 2025, and 2024 was as follows:
|  | Gain (Loss) Recognized in Other Comprehensive Income
|  | Year Ended December 31, |  |
Instrument |  | 2025 |  |  | 2024 |  |
Euro Notes |  | $ | (125.3 | ) |  | $ | 61.5 |  |
Cross-currency swaps |  |  | 12.0 |  |  |  | 36.2 |  |
Impact of Changes in Fair Values of Derivatives Designated as Cash Flow Hedges on OCI, AOCL and Earnings | The following table presents the impact that changes in the fair values of derivatives designated as cash flow hedges had on OCI, AOCL and earnings for the year ended December 31, 2025, and 2024:
|  |  |  |  |  |  | Gain (Loss) Reclassified |
|  | Gain (Loss) Recognized in OCI |  |  |  |  | from AOCL into Income |
|  | Year Ended December 31, |  |  | Location of Gain Reclassified |  | Year Ended December 31, |
Instrument |  | 2025 |  |  | 2024 |  |  | from AOCL into Income |  | 2025 |  |  | 2024 |
Forward starting interest swap |  |  | — |  |  |  | — |  |  | Interest and other expenses, net |  |  | 0.3 |  |  |  | 0.3 |
Effect of Forward Contracts not Designated as Hedging Instrument consolidated statement of operations | The effect of our forward contracts that are not designated as hedging instruments on the consolidated statements of operations for the year ended December 31, 2025 was as follows:
|  | Location of Gain |  | Gain (Loss) Recognized in Income |
Instrument |  | Recognized in Income |  | Year Ended December 31, |
|  |  |  | 2025 |  |  | 2024 |
Foreign currency forward contracts |  | Interest and other expenses, net |  | $ | 1.5 |  |  | $ | (1.7 | )
Schedule of fair value hedges instruments | The following tables present the impact that the fair value hedges had on our Consolidated Statements of Operations for the year ended December 31, 2025 and 2024:
|  | Gain (Loss) Recognized in OCI |  |  |  |  | Gain (Loss) Recognized in Income |
|  | Year Ended December 31, |  |  | Location of Gain (Loss) |  | Year Ended December 31, |
Instrument |  | 2025 |  |  | 2024 |  |  | Recognized in Income |  | 2025 |  |  | 2024 |
Intercompany CHF notes |  | $ | — |  |  | $ | — |  |  | Interest and other expenses, net |  | $ | (3.5 | ) |  | $ | 3.8 |
Cross-currency swaps |  |  | (0.3 | ) |  |  | 0.9 |  |  | Interest and other expenses, net |  |  | 3.5 |  |  |  | (3.8 | )
Fair Value of Derivative and Non-Derivative Assets and Liabilities on the Consolidated Balance Sheets | The following tables present the fair value of derivative and non-derivative assets and liabilities on the Consolidated Balance Sheets as of December 31, 2025, and 2024:
|  | Assets |
|  |  |  | December 31, |  |  | December 31, |
|  | Balance Sheet Location |  | 2025 |  |  | 2024 |
Instruments designated as fair value hedges: |  |  |  |  |  |  |  |
Cross-currency swaps |  | Accounts receivable, net |  | $ | — |  |  | $ | 10.3 |
Cross-currency swaps |  | Other assets |  |  | 14.6 |  |  |  | — |
Instruments designated as net investment hedges: |  |  |  |  |  |  |  |
Cross-currency swaps |  | Accounts receivable, net |  |  | — |  |  |  | 7.8 |
Total instruments |  |  |  | $ | 14.6 |  |  | $ | 18.1 |
|  | Liabilities |
|  |  |  | December 31, |  |  | December 31, |
|  | Balance Sheet Location |  | 2025 |  |  | 2024 |
Instruments designated as net investment hedges: |  |  |  |  |  |  |  |
Euro Notes due in 2026 |  | Short-term borrowings and current maturities of long-term debt |  | $ | 586.9 |  |  | $ | — |
Euro Notes due in 2026 |  | Long-term debt |  |  | — |  |  |  | 516.6 |
Euro Notes due in 2027 |  | Long-term debt |  |  | 468.3 |  |  |  | 411.8 |
Cross-currency swaps |  | Accrued liabilities |  |  | 33.1 |  |  |  | 44.8 |
Cross-currency swaps |  | Other long-term liabilities |  |  | 69.8 |  |  |  | — |
Instruments not designated as hedges: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Accrued liabilities |  |  | 0.8 |  |  |  | 0.7 |
Euro Notes due in 2030 |  | Long-term debt |  |  | 583.8 |  |  |  | — |
Total instruments |  |  |  | $ | 1,742.7 |  |  | $ | 973.9 |

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