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Derivatives and Hedging (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets | The following table summarizes the fair value of our derivative instruments as well as the location of the asset and/or liability on the condensed consolidated balance sheets as of the periods presented below (in millions):
| Balance Sheet Location |  | Fair Value of Asset Derivatives
| June 30, 2025 |  | December 31, 2024
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | $ | 0.3 |  |  | $ | 0.1 |
Interest rate swap contract | Other current assets |  | 1.8 |  |  | 3.0 |
Interest rate swap contract | Other assets, net |  | — |  |  | 4.8 |
Total |  |  | $ | 2.1 |  |  | $ | 7.9 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | 1.2 |  |  | 5.6 |
Total asset position |  | $ | 3.3 |  |  | $ | 13.5 |
| Balance Sheet Location |  | Fair Value of Liability Derivatives
| June 30, 2025 |  | December 31, 2024
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | $ | 5.1 |  |  | $ | 0.8 |
Interest rate swap contracts | Other long-term liabilities |  | 1.8 |  |  | — |
|  |  | $ | 6.9 |  |  | $ | 0.8 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | 4.4 |  |  | 0.2 |
Total liability position |  | $ | 11.3 |  |  | $ | 1.0 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following tables summarize the net effect of all cash flow hedges for each of our derivative contracts on the condensed consolidated financial statements for the periods presented (in millions):
|  | (Loss)/Gain Recognized in Other Comprehensive Income
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Derivatives designated as cash flow hedging instruments |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency forward contracts |  | $ | (5.2) |  |  | $ | 2.4 |  |  | $ | (7.8) |  |  | $ | 7.2 |
Interest rate swap contracts |  | (1.7) |  |  | 3.3 |  |  | (5.8) |  |  | 12.5 |
Total |  | $ | (6.9) |  |  | $ | 5.7 |  |  | $ | (13.6) |  |  | $ | 19.7 |
|  |  |  | (Loss)/Gain Reclassified from Other Comprehensive Income into Earnings
|  |  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Derivatives designated as cash flow hedging instruments |  | Statement of Operations Location |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency forward contracts |  | Cost of Products |  | $ | (1.5) |  |  | $ | 2.4 |  |  | $ | (0.6) |  |  | $ | 3.7 |
Interest rate swap contracts |  | Interest Expense |  | 1.0 |  |  | 2.8 |  |  | 2.2 |  |  | 5.5 |
Total |  |  |  | $ | (0.5) |  |  | $ | 5.2 |  |  | $ | 1.6 |  |  | $ | 9.2 |
Schedule of Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type | The following table summarizes the location of net gains and losses on foreign currency forward contracts recognized in the condensed consolidated statements of operations for the periods presented, which partially offset the gains and losses from foreign currency transactions and translation (in millions):
|  | Location of Net (Loss)/Gain Recognized in Income on Derivative Instruments |  | Net (Loss)/Gain Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments |  | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency forward contracts |  | Other income, net |  | $ | (17.3) |  |  | $ | 11.6 |  |  | $ | (27.2) |  |  | $ | 29.2 |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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- 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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