FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)

3 Months Ended

Mar. 31, 2025

Financial Instruments and Risk Management [Abstract]

Schedule of Derivative Instruments

The tables below present information regarding the fair values of derivative instruments and the effects of derivative instruments on our consolidated financial statements:

Derivatives not designated as hedging instruments (economic hedges):

	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance sheet classification	March 31, 2025		December 31, 2024		Balance sheet classification	March 31, 2025		December 31, 2024
Foreign currency forward contracts	Other current assets	$	1.3	$	8.9	Other current liabilities	$	4.2	$	13.1
TRS	Other current assets	—		99.4		Other current liabilities	18.3		—

Location of Loss (Gain) Recognized	Amount of Loss (Gain) Recognized in Income
	Three months ended March 31
	2025		2024
Foreign currency forward contracts
Cost of sales	$	(0.3)	$	0.1
SG&A	2.6		4.5
TRS
Cost of sales	7.5		(12.8)
SG&A	11.6		(18.7)

Derivatives designated as cash flow hedges:

		Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance sheet classification	March 31, 2025		December 31, 2024		Balance sheet classification	March 31, 2025		December 31, 2024
Foreign currency forward contracts (i)	Other current assets	$	2.6	$	3.5	Other current liabilities	$	8.1	$	17.8
Interest rate swaps (ii)	Other current assets	4.8		6.6		Other current liabilities	—		—
Interest rate swaps (ii)	Other non-current assets	—		—		Other non-current liabilities	1.7		—

(i)    In the next twelve months, we estimate that $3.1 of existing losses, net of tax, will be reclassified from AOCI into our consolidated statement of operations, to offset transactions denominated in foreign currencies. The maximum length of time we hedge our exposure to the variability in future cash flows for forecasted foreign currency transactions is 12 months.

(ii) In the next twelve months, we estimate that $4.8 of existing gains, net of tax, will be reclassified from AOCI into our consolidated statement of operations, to offset interest payments. The maximum length of time that we hedge our exposure to the variability in future cash flows for forecasted interest payments is 4.2 years.

Loss (gain) Reclassified from AOCI into Income	Three months ended March 31
(see note 10 for activities recorded in AOCI for the periods indicated)	2025		2024
Foreign currency forward contracts
Cost of sales	$	3.7	$	2.5
SG&A	0.9		0.3
Miscellaneous expense	—		3.6
Interest rate swaps
Finance costs	$	(1.8)	$	(3.1)
Miscellaneous expense	1.3		2.7