XML 78 R53.htm IDEA: XBRL DOCUMENT v3.25.0.1

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments At Fair Value

The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.

						Expiring at various dates through:						Total USD Equivalent Notional Amount						As of December 31, 2024
Derivatives																		Assets												Liabilities
																		Other Current Assets						Sundry						Other Current Liabilities						Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedges						Jun 2026						$	254.0					$	3.1					$	.3					$	5.8					$	.3
Total fair value hedges						Jun 2025						19.0						.1						—						.1						—
Not designated as hedging instruments						Dec 2025						166.5						1.6						—						.8						—
Total derivatives																		$	4.8					$	.3					$	6.7					$	.3

						Expiring at various dates through:						Total USD Equivalent Notional Amount						As of December 31, 2023
Derivatives																		Assets												Liabilities
																		Other Current Assets						Sundry						Other Current Liabilities						Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedges						Jun 2025						$	298.2					$	5.3					$	.5					$	2.4					$	.2
Total fair value hedges						Mar 2024						21.7						.3						—						—						—
Not designated as hedging instruments						Dec 2024						87.9						.1						—						.9						—
Total derivatives																		$	5.7					$	.5					$	3.3					$	.2

Schedule of Loss (Gain) Of Hedging Activities Recorded In Income

The following table sets forth the pretax (gains) losses for our hedging activities for the years presented. This schedule includes reclassifications from accumulated other comprehensive income as well as derivative settlements recorded directly to income or expense.

						Income Statement Caption						Amount of Loss (Gain) Recorded in Income for the Year Ended December 31,
Derivatives												2024						2023						2022
			Designated as hedging instruments
Interest rate cash flow hedges 1						Interest expense						$	(.3)					$	(.3)					$	2.3
Currency cash flow hedges						Net trade sales						1.6						3.7						.5
Currency cash flow hedges						Cost of goods sold						(1.7)						(2.5)						(2.8)
Total cash flow hedges												(.4)						.9						—
Fair value hedges						Other expense (income), net						.5						.9						3.5
Not designated as hedging instruments						Other expense (income), net						(5.7)						3.9						(1.3)
Total derivative instruments												$	(5.6)					$	5.7					$	2.2

1 In the third quarter of 2022, we completed amortization of the $43.0 loss on our $200.0 forward starting interest rate swap that was related to our 2012 $300.0 Senior Notes; the 2012 issuance matured and was fully paid in the third quarter of 2022.

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration