Financial Instruments and Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Derivatives Instruments

The following table summarizes outstanding financial instruments that are measured at fair value on a recurring basis:

	June 30, 2026				December 31, 2025				Balance Sheet Classification
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(In millions)
Assets
Derivatives designated as hedges:
Cross currency swaps	$	197.0	$	16.8	$	197.0	$	12.2	Other financial assets (non-current)
Interest rate swaps	227.9		3.0		235.0		1.8		Other financial assets (non-current)
Total	$	424.9	$	19.8	$	432.0	$	14.0

The following tables summarize the pre-tax effect of derivative and non-derivative instruments recorded in Accumulated other comprehensive income (loss) (“AOCI”), the gains (losses) reclassified from AOCI to earnings and additional gains (losses) recognized directly in earnings:

	Effect of Financial Instruments
	Three Months Ended June 30,
	Gain (Loss) Recognized in AOCI				Gain (Loss) Reclassified from AOCI to Income				Income Statement Classification
	2026		2025		2026		2025
	(In millions)
Derivatives designated as hedges:
Cross currency swaps	$	(1.4)	$	(2.6)	$	(0.3)	$	0.2	Interest and other financial expense, net
Interest rate swaps	(1.2)		0.5		—		—		Interest and other financial expense, net
Total	$	(2.6)	$	(2.1)	$	(0.3)	$	0.2

	Effect of Financial Instruments
	Six Months Ended June 30,
	Gain (Loss) Recognized in AOCI				Gain (Loss) Reclassified from AOCI to Income				Income Statement Classification
	2026		2025		2026		2025
	(In millions)
Derivatives designated as hedges:
Cross currency swaps	$	(1.3)	$	(4.6)	$	(0.6)	$	(0.1)	Interest and other financial expense, net
Interest rate swaps	1.2		0.5		—		—		Interest and other financial expense, net
Total	$	(0.1)	$	(4.1)	$	(0.6)	$	(0.1)

Schedule of Fair Value Measurements Not Recurring

The following table presents the carrying value and estimated fair value of our financial instruments that are not measured at fair value on a recurring basis for the periods presented. Short-term and Long-term debt are recorded at amortized cost in the Condensed Consolidated Balance Sheets.

	June 30, 2026				December 31, 2025
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(In millions)
Liabilities:
Term-Loan	$	621.6	$	522.5	$	639.7	$	582.8
China Term-Loan	47.3		47.9		52.4		52.9
Total	$	668.9	$	570.4	$	692.1	$	635.7