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Restructuring Expenses
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Expenses Restructuring Expenses
The Company recognizes restructuring expense when related costs constitute a present obligation that is both probable and reasonably estimable. During the third quarter of 2025, the Company incurred restructuring charges as part of its ongoing efforts to strengthen operational effectiveness, improve organizational efficiency and position the company for long-term success. These expenses, included in "Restructuring expense" in the Consolidated Statements of Income, consisted primarily of severance and other employee costs, including severance pay and other termination benefits, as well as other ancillary costs. These restructuring charges were recorded as Corporate costs and therefore excluded from the financial results of the reportable segment.

A summary of the restructuring charges is as follows:
Years Ended December 31,
(Millions of dollars)202520242023
Severance pay, related benefits and other costs$12.6 $— $— 
Total restructuring expense$12.6 $— $— 

A reconciliation of the changes in the restructuring liability, as of December 31, 2025, is as follows:

(Millions of dollars)
Balance as of December 31, 2024
$— 
Charges incurred during the period12.6 
Cash payments(7.0)
Changes in estimates and other adjustments— 
Balance as of December 31, 2025
$5.6