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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in the Accumulated Balances for Component of Accumulated Other Comprehensive Income (Loss) (“AOCI”)
The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss) (“AOCI”):
Foreign currency translation adjustmentsNet investment hedge derivativeDefined benefit pension plansCash flow hedge derivativeTotal
Balance, January 1, 2022
$(52.6)$— $(11.9)$7.4 $(57.1)
Other comprehensive income (loss) before reclassifications(119.7)2.0 (46.3)50.7 (113.3)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— — 0.1 (9.7)(9.6)
Balance, December 31, 2022$(172.3)$2.0 $(58.1)$48.4 $(180.0)
Other comprehensive income (loss) before reclassifications29.8 (12.5)(2.1)23.6 38.8 
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— — (2.0)(55.5)(57.5)
Balance, December 31, 2023$(142.5)$(10.5)$(62.2)$16.5 $(198.7)
Other comprehensive income (loss) before reclassifications(76.2)17.8 (1.0)45.3 (14.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— — 0.6 (33.9)(33.3)
Balance, December 31, 2024
$(218.7)$7.3 $(62.6)$27.9 $(246.1)
Schedule of Reclassifications Out of AOCI
The following table summarizes the reclassifications out of AOCI:
Amount reclassified from accumulated other comprehensive income (loss)
Year Ended December 31,
Details about accumulated other comprehensive income (loss) componentsAffected line item in the statement where net income (loss) is presented202420232022
Defined benefit pension plans:
Amortization of prior service costsOther income (expense)- net$(0.5)$(0.4)$0.1 
Amortization of actuarial gain/lossOther income (expense)- net(1.7)(2.4)0.1 
Cash flow hedge derivative:
Interest contractsInterest expense(45.8)(75.4)(13.2)
Total before tax$(48.0)$(78.2)$(13.0)
Tax benefit (expense)14.7 20.7 3.4 
Total reclassifications for the period, net of tax$(33.3)$(57.5)$(9.6)