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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Instruments | The fair value of derivative instruments on our consolidated balance sheets was as follows:
| Derivative Assets |  | Derivative Liabilities
| Balance Sheet Location |  | September 30, 2025 |  | December 31, 2024 |  | Balance Sheet Location |  | September 30, 2025 |  | December 31, 2024
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | Other current assets |  | $ | — |  |  | $ | 0.1 |  |  | Other current liabilities |  | $ | 0.5 |  |  | $ | — |
Interest rate swaps | Other assets |  | — |  |  | — |  |  | Other liabilities |  | 0.3 |  |  | 0.2 |
Derivatives designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps | Other current assets |  | 1.2 |  |  | 1.5 |  |  | Other current liabilities |  | — |  |  | — |
Cross-currency swaps | Other assets |  | — |  |  | 0.5 |  |  | Other liabilities |  | 9.0 |  |  | — |
Derivatives designated as net investment hedges: |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps | Other current assets |  | 1.2 |  |  | 1.2 |  |  | Other current liabilities |  | — |  |  | — |
Cross-currency swaps | Other assets |  | — |  |  | 0.2 |  |  | Other liabilities |  | 8.9 |  |  | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts(a) | Other current assets |  | $ | 0.7 |  |  | $ | 0.8 |  |  | Other current liabilities |  | $ | — |  |  | $ | — |
Schedule of Effects of Derivatives Designated as Hedging Instruments | The following table includes the amounts in the consolidated statements of income in which the effects of derivatives designated as hedging instruments are recorded:
| Three Months Ended September 30,
| 2025 |  | 2024
| Total |  | Gain on Hedging |  | Total |  | Gain (Loss) on Hedging
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Interest expense, net | $ | (2.4) |  |  | $ | 0.1 |  |  | $ | (2.7) |  |  | $ | 0.3 |
Net foreign currency transaction loss | — |  |  | — |  |  | (0.4) |  |  | — |
Derivatives designated as fair value hedges: |  |  |  |  |  |  |
Interest expense, net | (2.4) |  |  | 0.3 |  |  | (2.7) |  |  | 0.2 |
Net foreign currency transaction gain (loss) | — |  |  | 0.4 |  |  | (0.4) |  |  | (2.5) |
Derivatives designated as net investment hedges: |  |  |  |  |  |  |
Interest expense, net | $ | (2.4) |  |  | $ | 0.2 |  |  | $ | (2.7) |  |  | $ | 0.2 |
| Nine Months Ended September 30,
| 2025 |  | 2024
| Total |  | Gain (Loss) on Hedging |  | Total |  | Gain (Loss) on Hedging
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Interest expense, net | $ | (6.9) |  |  | $ | 0.2 |  |  | $ | (7.5) |  |  | $ | 0.9 |
Net foreign currency transaction (loss) gain | (1.0) |  |  | — |  |  | 0.1 |  |  | — |
Derivatives designated as fair value hedges: |  |  |  |  |  |  |
Interest expense, net | (6.9) |  |  | 0.8 |  |  | (7.5) |  |  | 0.8 |
Net foreign currency transaction (loss) gain | (1.0) |  |  | (7.9) |  |  | 0.1 |  |  | (0.6) |
Derivatives designated as net investment hedges: |  |  |  |  |  |  |
Interest expense, net | $ | (6.9) |  |  | $ | 0.7 |  |  | $ | (7.5) |  |  | $ | 0.7 |
The effect of derivative instruments designated as hedges and derivative instruments not designated as hedges in our consolidated statements of income was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Net gain (loss) recognized in other comprehensive income (loss), net of tax(a) | $ | 0.1 |  |  | $ | (1.7) |  |  | $ | (0.3) |  |  | $ | 0.4 |
Net gain reclassified from accumulated other comprehensive income (loss) into income, net of tax, effective portion to interest expense, net | 0.1 |  |  | 0.3 |  |  | 0.2 |  |  | 0.9 |
Derivatives designated as fair value hedges: |  |  |  |  |  |  |
Net gain recognized in other comprehensive income (loss), net of tax(a) | 3.1 |  |  | 0.6 |  |  | 1.2 |  |  | 0.9 |
Net gain reclassified from accumulated other comprehensive income (loss) into income, net of tax, effective portion to interest expense, net | 2.9 |  |  | 0.3 |  |  | 0.7 |  |  | 0.8 |
Derivatives designated as net investment hedges: |  |  |  |  |  |  |
Net (loss) gain recognized in other comprehensive income (loss), net of tax(a) | (2.1) |  |  | (1.8) |  |  | (6.3) |  |  | 0.2 |
Net (loss) gain reclassified from accumulated other comprehensive (loss) income into income, net of tax, ineffective portion to interest expense, net | (2.5) |  |  | 0.2 |  |  | 0.7 |  |  | 0.7 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Net (loss) gain recognized in income(b) | $ | (0.2) |  |  | $ | (1.9) |  |  | $ | (8.3) |  |  | $ | 1.0 |
(a)Net change in the fair value of the effective portion classified in other comprehensive income (loss). (b)Classified in net foreign currency transaction (loss) gain.

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