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Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2026
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 LocationFair Value of
Asset Derivatives
June 30, 2026December 31, 2025
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contractsOther current assets$2.8 $0.4 
Derivatives not designated as hedging instruments:
Foreign currency forward contractsOther current assets3.2 0.3 
Total asset position$6.0 $0.7 
Balance Sheet LocationFair Value of
Liability Derivatives
June 30, 2026December 31, 2025
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contractsAccounts payable and accrued expenses$0.2 $0.4 
Derivatives not designated as hedging instruments:
Foreign currency forward contractsAccounts payable and accrued expenses0.5 0.4 
Total liability position$0.7 $0.8 
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):
Net Gain/(Loss) Recognized in Other Comprehensive Income
Three Months Ended June 30,Six Months Ended June 30,
Derivatives designated as cash flow hedging instruments2026202520262025
Foreign currency forward contracts$1.3 $(5.2)$1.6 $(7.8)
Interest rate swap contracts— (1.7)— (5.8)
Total$1.3 $(6.9)$1.6 $(13.6)
Net Gain/(Loss) Reclassified from Other Comprehensive Income into Earnings
Three Months Ended June 30,Six Months Ended June 30,
Derivatives designated as cash flow hedging instruments
Statement of Operations Location2026202520262025
Foreign currency forward contractsCost of sales$(0.5)$(1.5)$(1.0)$(0.6)
Interest rate swap contractsInterest expense— 1.0 — 2.2 
Total$(0.5)$(0.5)$(1.0)$1.6 
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 (in millions):
Location of Net Gain/(Loss) Recognized in Income on Derivative InstrumentsNet Gain/(Loss) Recognized in Income on 
Derivative Instruments
Derivatives not designated as hedging instrumentsThree Months Ended June 30,Six Months Ended June 30,
2026202520262025
Foreign currency forward contractsOther income (expense), net$2.9 $(17.3)$6.7 $(27.2)