Derivatives (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amounts related to cash flow hedges

We recorded the following amounts in AOCL related to our cash flow hedges (in millions) as of:

	March 31, 2025		December 31, 2024
Unrealized losses (gains), net on unsettled contracts	$	(9.4)	$	2.0
Income tax (benefit) expense	2.2		(0.6)
Unrealized losses (gains), net included in AOCL, net of tax (1)	$	(7.2)	$	1.4

(1) Assuming commodity prices and foreign currency exchange rates remain constant, we expect to reclassify $6.6 million of derivative gain as of March 31, 2025 into earnings within the next 12 months.