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Derivative Financial Instruments | 12 Months Ended
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Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | Derivative Financial Instruments 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, 2025
Derivatives |  |  | Assets |  | Liabilities
| Other Current Assets |  | Other Noncurrent Assets |  | Other Current Liabilities |  | Other Long-Term Liabilities
Designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Total cash flow hedges-currency hedges |  | Jun 2027 |  | $ | 240.5 |  |  | $ | 3.3 |  |  | $ | .3 |  |  | $ | .9 |  |  | $ | — |
Total fair value hedges |  | Apr 2026 |  | 83.7 |  |  | .7 |  |  | — |  |  | — |  |  | — |
Not designated as hedging instruments |  | Jun 2026 |  | 100.6 |  |  | .2 |  |  | — |  |  | .3 |  |  | — |
Total derivatives |  |  |  |  |  | $ | 4.2 |  |  | $ | .3 |  |  | $ | 1.2 |  |  | $ | — |
|  | Expiring at various dates through: |  | Total USD Equivalent Notional Amount |  | As of December 31, 2024
Derivatives |  |  | Assets |  | Liabilities
|  | Other Current Assets |  | Other Noncurrent Assets |  | 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 |
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.
|  | Consolidated Statements of Operations Presentation |  | Amount of Loss (Gain) Recorded in Income for the Year Ended December 31,
Derivatives |  | 2025 |  | 2024 |  | 2023
Designated as hedging instruments |  |  |  |  |  |  |  |
Interest rate cash flow hedges |  | Interest expense |  | $ | (.3) |  |  | $ | (.3) |  |  | $ | (.3) |
Currency cash flow hedges |  | Net trade sales |  | 3.0 |  |  | 1.6 |  |  | 3.7 |
Currency cash flow hedges |  | Cost of goods sold |  | (1.2) |  |  | (1.7) |  |  | (2.5) |
Currency cash flow hedges |  | Other (income) expense, net |  | (.2) |  |  | — |  |  | — |
Total cash flow hedges |  |  |  | 1.3 |  |  | (.4) |  |  | .9 |
Fair value hedges |  | Other (income) expense, net |  | (.8) |  |  | .5 |  |  | .9 |
Not designated as hedging instruments |  | Other (income) expense, net |  | 6.4 |  |  | (5.7) |  |  | 3.9 |
Total derivative instruments |  |  |  | $ | 6.9 |  |  | $ | (5.6) |  |  | $ | 5.7 |

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