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Derivative Financial Instruments | 6 Months Ended
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Jun. 30, 2026
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 June 30, 2026
Derivatives |  | Assets |  | Liabilities
| Other Current Assets |  | Sundry |  | Other Current Liabilities |  | Other Long-Term Liabilities
Designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Total cash flow hedges-currency hedges |  | Dec 2027 |  | $ | 233.3 |  |  | $ | 5.3 |  |  | $ | .3 |  |  | $ | 1.1 |  |  | $ | .2 |
Total fair value hedges |  | Oct 2026 |  | 53.2 |  |  | — |  |  | — |  |  | .9 |  |  | — |
Not designated as hedging instruments |  | Jul 2026 |  | 65.8 |  |  | — |  |  | — |  |  | — |  |  | — |
Total derivatives |  |  |  |  |  | $ | 5.3 |  |  | $ | .3 |  |  | $ | 2.0 |  |  | $ | .2 |
|  | Expiring at various dates through: |  | Total USD Equivalent Notional Amount |  | As of December 31, 2025
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 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 |  |  | $ | — |
The following table sets forth the pretax losses (gains) for our hedging activities for the periods presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note K) as well as derivative settlements recorded directly to income or expense.
Derivatives |  | Consolidated Condensed Statements of Operations Presentation |  | Amount of Loss (Gain) Recorded in Income Six Months Ended June 30, |  | Amount of Loss (Gain) Recorded in Income Three Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Designated as hedging instruments |  |  |  |  |  |  |  |
Interest rate cash flow hedges |  | Interest expense |  | $ | (.2) |  |  | $ | (.2) |  |  | $ | (.1) |  |  | $ | (.1) |
Currency cash flow hedges |  | Net trade sales |  | (.7) |  |  | 2.0 |  |  | (.6) |  |  | .5 |
Currency cash flow hedges |  | Cost of goods sold |  | (1.8) |  |  | (.6) |  |  | (1.0) |  |  | (.3) |
Total cash flow hedges |  |  |  | (2.7) |  |  | 1.2 |  |  | (1.7) |  |  | .1 |
Fair value hedges |  | Other expense (income), net |  | 1.2 |  |  | (.2) |  |  | (.9) |  |  | (.1) |
Not designated as hedging instruments |  | Other expense (income), net |  | (1.9) |  |  | 8.5 |  |  | (.8) |  |  | 5.5 |
Total derivative instruments |  |  |  | $ | (3.4) |  |  | $ | 9.5 |  |  | $ | (3.4) |  |  | $ | 5.5 |

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