Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Other Comprehensive Income (Loss)

The before tax income (loss) and related income tax effect are as follows.

	Foreign Currency Translation Adjustments, Net		Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2021	$	(29.9)	$	—	$	(11.7)	$	(41.6)
Before tax income (loss)	(237.1)		21.3		41.0		(174.8)
Income tax effect	(15.8)		(5.3)		(14.2)		(35.3)
Other comprehensive income (loss)	(252.9)		16.0		26.8		(210.1)
Balance as of December 31, 2022	$	(282.8)	$	16.0	$	15.1	$	(251.7)
Before tax income (loss)	23.0		(5.1)		(10.5)		7.4
Income tax effect	11.8		1.3		3.6		16.7
Other comprehensive income (loss)	34.8		(3.8)		(6.9)		24.1
Balance as of December 31, 2023	$	(248.0)	$	12.2	$	8.2	$	(227.6)
Before tax income (loss)	(218.6)		(14.1)		1.3		(231.4)
Income tax effect	(13.0)		5.0		(1.5)		(9.5)
Other comprehensive loss	(231.6)		(9.1)		(0.2)		(240.9)
Balance as of December 31, 2024	$	(479.6)	$	3.1	$	8.0	$	(468.5)

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component for the periods described below are presented in the following table(1).

	Foreign Currency Translation Adjustments, Net		Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2021	$	(29.9)	$	—	$	(11.7)	$	(41.6)
Other comprehensive income (loss) before reclassifications	(244.3)		13.9		26.9		(203.5)
Amounts reclassified from accumulated other comprehensive income (loss)	(8.6)		2.1		(0.1)		(6.6)
Other comprehensive income (loss)	(252.9)		16.0		26.8		(210.1)
Balance as of December 31, 2022	$	(282.8)	$	16.0	$	15.1	$	(251.7)
Other comprehensive income (loss) before reclassifications	49.0		7.9		(4.7)		52.2
Amounts reclassified from accumulated other comprehensive income (loss)	(14.2)		(11.7)		(2.2)		(28.1)
Other comprehensive income (loss)	34.8		(3.8)		(6.9)		24.1
Balance as of December 31, 2023	$	(248.0)	$	12.2	$	8.2	$	(227.6)
Other comprehensive income (loss) before reclassifications	(218.3)		2.7		0.8		(214.8)
Amounts reclassified from accumulated other comprehensive income (loss)	(13.3)		(11.8)		(1.0)		(26.1)
Other comprehensive loss	(231.6)		(9.1)		(0.2)		(240.9)
Balance as of December 31, 2024	$	(479.6)	$	3.1	$	8.0	$	(468.5)

(1)All amounts are net of tax. Amounts in parentheses indicate debits.

Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)

Reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022 are presented in the following table.

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Details about Accumulated Other Comprehensive Income (Loss) Components	2024		2023		2022		Affected Line(s) in the Statement Where Net Income is Presented
Cash flow hedges (interest rate swaps and caps)	$	(15.7)	$	(15.6)	$	2.8	Interest expense
Provision (benefit) for income taxes	3.9		3.9		(0.7)		Provision for income taxes
Cash flow hedges (interest rate swaps and caps), net of tax	$	(11.8)	$	(11.7)	$	2.1
Net investment hedges	$	(17.7)	$	(19.0)	$	(11.5)	Interest expense
Provision for income taxes	4.4		4.8		2.9		Provision for income taxes
Net investment hedges, net of tax	$	(13.3)	$	(14.2)	$	(8.6)
Amortization of defined benefit pension and other postretirement benefit items(1)	$	(1.4)	$	(2.9)	$	(0.1)	Cost of sales and Selling and administrative expenses
Provision for income taxes	0.4		0.7		—		Provision for income taxes
Amortization of defined benefit pension and other postretirement benefit items, net of tax	$	(1.0)	$	(2.2)	$	(0.1)
Total reclassifications for the period	$	(26.1)	$	(28.1)	$	(6.6)

(1)These components are included in the computation of net periodic benefit cost. See Note 13 “Benefit Plans” for additional details.