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DERIVATIVE INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Instrument | The following table identifies the fair value of each derivative instrument:
|  | Balance Sheet Location |  | March 31, 2025 |  | December 31, 2024
|  |  |  | (In millions)
Asset derivatives |  |  |  |  |  |
Commodity contracts |  | Prepaid expenses and other current assets |  | $ | 3.6 |  |  | $ | 9.1 |
Interest rate swap agreements |  | Prepaid expenses and other current assets |  | — |  |  | 2.2 |
Interest rate swap agreements |  | Other assets, net |  | 2.1 |  |  | 7.6 |
|  |  |  | $ | 5.7 |  |  | $ | 18.9 |
Liability derivatives |  |  |  |  |  |
Commodity contracts |  | Accrued expenses |  | $ | 0.5 |  |  | $ | — |
Interest rate swap agreements |  | Accrued expenses |  | 3.7 |  |  | 0.4 |
|  |  |  | $ | 4.2 |  |  | $ | 0.4 |
Schedule of Gains and Losses on Derivative Contracts | We recognized the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Operations:
|  | Location of (Loss) Gain |  | Three Months Ended March 31, |  |
|  | Recognized in Net Loss |  | 2025 |  | 2024 |  |  |  |
|  |  |  | (In millions) |  |
Mark-to-market unrealized (loss) gain |  |  |  |  |  |  |  |
Commodity contracts |  | Other expense (income), net |  | $ | (6.0) |  |  | $ | (0.4) |  |  |  |  |
Interest rate swap agreements |  | Other expense (income), net |  | (11.0) |  |  | 7.4 |  |  |  |  |
Total unrealized (loss) gain |  |  |  | $ | (17.0) |  |  | $ | 7.0 |  |  |  |  |
Realized gain |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Manufacturing-related to Cost of sales and transportation-related to Selling and distribution |  | $ | 11.1 |  |  | $ | 1.5 |  |  |  |  |
Interest rate swap agreements |  | Interest expense |  | 2.7 |  |  | 5.6 |  |  |  |  |
Total realized gain |  |  |  | $ | 13.8 |  |  | $ | 7.1 |  |  |  |  |
Total (loss) gain |  |  |  | $ | (3.2) |  |  | $ | 14.1 |  |  |  |  |

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- 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
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- 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
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