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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The table below shows the effects of the excluded components of designated net investment hedges on the Company’s Consolidated and Combined Statements of Operations.
Year Ended December 31,
Derivative type(Gain) recognized in the Consolidated and Combined Statements of Operations20242023
Cross currency-swap agreementsInterest expense and other, net$(4,687)$(4,779)
Schedule of Net Foreign Transaction Gains and Losses
The following table summarizes the Company’s net foreign transaction gains and losses included within the Consolidated and Combined Statements of Operations.
Year Ended December 31,
202420232022
(In thousands)(1)
Selling, general and administrative expense$7,136 $11,389 $2,597 
Interest expense and other, net(158)1,719 109 
Foreign currency transaction loss, net(2)
$6,978 $13,108 $2,706 
(1) This table excludes the foreign currency exchange impacts of applying highly inflationary accounting for the Company’s Argentina operations, as described in the “Argentina Highly Inflationary Accounting” paragraph below.
(2) During 2023, the weakening of the Ruble and certain South American currencies drove the increase in the loss on transactions denominated in foreign currencies.