Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Open Forward Foreign Currency Contract

The notional amounts and fair values of our outstanding foreign currency derivative contracts, which are recorded within other current assets in our Consolidated Balance Sheets, were as follows:

As of December 31	2025		2024
Notional amount (U.S. dollar equivalent)	$	201.5	$	155.8
Fair value of foreign currency derivative contracts(a)	$	0.5	$	2.9

(a) Our foreign currency derivative contracts are classified within Level 2 of the fair value hierarchy because these contracts are not actively traded and the valuation inputs are based on market observable data of similar instruments.

Derivative Instruments, Gain (Loss)

Gains or losses arising from changes in fair value of our foreign currency derivative contracts are recorded within General and administrative expenses in our Consolidated Statements of Operations. The cash flow impact upon settlement of our foreign currency derivative contracts is included in operating activities in our Consolidated Statements of Cash Flows. The table below presents the financial statement impact from foreign currency derivative contracts for the years ended December 31, 2025, 2024 and 2023.

For the Year Ended December 31	2025		2024		2023
(Loss) on foreign currency derivative contracts(a)	$	(1.1)	$	(6.7)	$	(2.5)
Cash inflow (outflow) from foreign currency derivative contracts	$	2.7	$	(8.3)	$	1.5

(a)    None of our derivative contracts were designated as hedging instruments under ASC 815, Derivatives & Hedging.