DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2025

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of fair value of the derivative instruments as recorded in the Consolidated Balance Sheets

	Asset Derivatives					Liability Derivatives
			Fair Value					Fair Value
	Balance Sheet Location		June 30, 2025		December 31, 2024	Balance Sheet Location		June 30, 2025		December 31, 2024
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	Other current assets	$	54.3	$	53.1	Other current liabilities	$	(50.8)	$	(53.7)

Schedule of offsetting assets and liabilities

Offsetting of Derivative Assets

As of June 30, 2025		Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Derivatives not offset in the Consolidated Balance Sheet		Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	54.3	$	—	$	54.3	$	(25.8)	$	28.6
As of December 31, 2024
Derivatives subject to a master netting arrangement or similar agreement	$	53.1	$	—	$	53.1	$	(22.3)	$	30.8

Offsetting of Derivative Liabilities

As of June 30, 2025		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Derivatives not offset in the Consolidated Balance Sheet		Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	(50.8)	$	—	$	(50.8)	$	30.7	$	(20.0)
As of December 31, 2024
Derivatives subject to a master netting arrangement or similar agreement	$	(53.7)	$	—	$	(53.7)	$	31.7	$	(22.0)

Schedule of amount of gains and losses on derivatives in the Consolidated Statements of Income

			Amount of Gain Recognized in Income on Derivative Contracts (a)
			Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	Location of Gain (Loss) Recognized in Income on Derivative Contracts		2025		2024		2025		2024
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange gain(loss), net	$	(0.2)	$	(1.0)	$	1.4	$	(2.7)

(a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.