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Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of March 31, 2026, the notional values of the remaining foreign currency forward contracts were as follows:

(Amounts in millions)
Currencies (Buy/Sell)			Maturity Date			Notional Amount (Buy/Sell)
USD/CNY			May 7, 2026			$50.8 / ¥352.0
EUR/USD			May 4, 2026			€16.5 / $19.0

As of March 31, 2026, the volume of our copper contracts outstanding was as follows:

(Volume in ones, notional in millions)
Contract Period			Volume			Notional Amount
April 2026 - June 2026			69 metric tons per month			$2.0
July 2026 - September 2026			69 metric tons per month			$2.1
October 2026 - December 2026			69 metric tons per month			$2.3
January 2027 - March 2027			69 metric tons per month			$2.7

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table presents the impact from these instruments on the consolidated statements of operations and consolidated statements of comprehensive income:

Three Months Ended

(Dollars in millions)

Financial Statement Line Item

March 31, 2026

March 31, 2025

Foreign Currency Contracts

Contracts not designated as hedging instruments

Other income (expense), net

$

(1.0)

$

(0.2)

X

- References

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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

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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

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Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
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