XML 29 R18.htm IDEA: XBRL DOCUMENT v3.25.3
Shareholders' Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Shareholders' Equity
10. Shareholders' Equity
Cash Dividends
During the nine months ended September 30, 2025, the Company's Board of Directors (the "Board") declared quarterly cash dividends of $0.17, $0.20, and $0.20 per common share representing first, second and third quarter dividends of $9.6 million, $11.0 million, and $11.0 million, which were paid on April 16, 2025, July 16, 2025, and October 16, 2025, respectively. During the nine months ended September 30, 2024, the Board declared quarterly cash dividends of $0.17 per common share representing first, second and third quarter dividends of $10.1 million, $10.1 million, and $9.9 million, which were paid on April 16, 2024, July 16, 2024, and October 16, 2024, respectively.
Accumulated Other Comprehensive Income (Loss)
Our Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and unrealized gains (losses) from derivative instruments designated as cash flow hedges. The after-tax changes in Accumulated other comprehensive income (loss) by component were as follows (in millions):
Foreign Currency Translation AdjustmentsCash Flow HedgesAccumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2025$(92.2)$1.2 $(91.0)
Other comprehensive income (loss) before reclassifications
18.9 (8.7)10.2 
Amounts reclassified from Accumulated other comprehensive income (loss) (1)
55.1 7.2 62.3 
Balance as of September 30, 2025$(18.2)$(0.3)$(18.5)
Balance as of January 1, 2024$(159.6)$10.8 $(148.9)
Other comprehensive income (loss) before reclassifications(0.4)— (0.4)
Amounts reclassified from Accumulated other comprehensive income (loss) (1)
17.0 (8.8)8.2 
Balance as of September 30, 2024$(143.1)$2.0 $(141.1)
(1)During the nine months ended September 30, 2025 and 2024, cumulative translation losses were reclassified from Other comprehensive income (loss) into net income. See Note 3. Acquisitions and Divestitures for additional information.