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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets and Liabilities at Fair Value
The table below summarizes our derivative assets and (liabilities) that were measured at fair value as of December 31, 2025 and December 31, 2024. See Note 1, "Basis of Presentation and Summary of Significant Accounting Policies" for further discussion related to measuring the fair value of derivative instruments. Fair value for all derivative contracts as of December 31, 2025 and December 31, 2024 were valued using significant other observable inputs, also known as Level 2 inputs.
As of
 December 31, 2025December 31, 2024
 (In millions)
Forward starting interest rate swaps$83.7 $96.3 
Foreign currency forwards0.4 10.6 
Commodity swaps and options52.1 3.7 
Total$136.2 $110.6 
Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets
The tables below include the results of our derivative activity on our consolidated balance sheets as of December 31, 2025 and December 31, 2024, and our consolidated statements of operations for the years ended December 31, 2025, December 31, 2024 and December 31, 2023.
Fair Value of Derivative Instruments on the Consolidated Balance Sheets (in millions):
 December 31, 2025
  Asset derivativesLiability derivatives
 Notional amountBalance sheet locationFair valueBalance sheet locationFair value
Derivatives designated as hedging instruments
Forward starting interest rate swaps$1,000.0 Other current assets$83.7 Accounts payable and other current liabilities$— 
Foreign currency forwards$104.9 Other current assets0.9 Accounts payable and other current liabilities(0.3)
Other non-current assets— Other liabilities(0.2)
Total derivatives designated as hedging instruments$84.6 $(0.5)
Derivatives not designated as hedging instruments
Commodity swaps(1)
$442.1 Other current assets$55.9 Accounts payable and other current liabilities$(6.0)
Other non-current assets3.2 Other liabilities(1.0)
Commodity options(1)
$21.0 Other current assets0.1 Accounts payable and other current liabilities(0.1)
Total derivatives not designated as hedging instruments$59.2 $(7.1)
 December 31, 2024
  Asset derivativesLiability derivatives
 Notional amountBalance sheet locationFair valueBalance sheet locationFair value
Derivatives designated as hedging instruments  
Forward starting interest rate swaps$1,000.0 Other non-current assets$96.3 Other liabilities$— 
Foreign currency forwards$196.2 Other current assets7.7 Accounts payable and other current liabilities— 
Other non-current assets2.9 Other liabilities— 
Total derivatives designated as hedging instruments$106.9 $— 
Derivatives not designated as hedging instruments 
Commodity swaps(1)
$376.4 Other current assets$15.1 Accounts payable and other current liabilities$(10.5)
Other non-current assets1.5 Other liabilities(2.4)
Commodity options(1)
$24.6 Other current assets0.3 Accounts payable and other current liabilities (0.3)
Total derivatives not designated as hedging instruments$16.9 $(13.2)
(1)Notional includes offsetting buy and sell positions, shown in terms of absolute value. Buy and sell positions are shown gross in the asset and/or liability position, as appropriate.
Schedule of the Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations
The Pretax Effect of Cash Flow Hedge Accounting on Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) and Income (Loss) (in millions):
Derivatives in cash flow hedge relationshipsAmount of gain
(loss) recognized
in OCI on derivatives		Location of gain (loss)
reclassified from AOCI into
income		Amount of gain
(loss) recognized
from AOCI into income on
derivative
For the year ended December 31, 2025
Forward starting interest rate swaps$(12.6)Interest income (expense), net$(2.4)
Foreign currency forwards(6.9)Cost of goods sold4.2 
Other non-operating income (expense), net(0.7)
Total$(19.5)$1.1 
For the year ended December 31, 2024
Forward starting interest rate swaps$54.8 Interest income (expense), net$(3.4)
Foreign currency forwards15.8 Cost of goods sold4.4 
Other non-operating income (expense), net(0.7)
Total$70.6 $0.3 
For the year ended December 31, 2023
Forward starting interest rate swaps$1.6 Interest income (expense), net$(5.2)
Foreign currency forwards(5.2)Cost of goods sold4.9 
Other non-operating income (expense), net(1.0)
Total$(3.6)$(1.3)
The Pretax Effect of Net Investment Hedge Accounting on Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) and Income (Loss) (in millions):
Net investment hedge relationships
Amount of gain
(loss) recognized
in AOCI(1)
For the year ended December 31, 2025
EUR 800 million 3.8% senior notes due 2032
$(110.8)
For the year ended December 31, 2024
EUR 800 million 1.25% senior notes due 2024
$14.5 
EUR 800 million 3.8% senior notes due 2032
$40.1 
Total$54.6 
For the year ended December 31, 2023
EUR 800 million 1.25% senior notes due 2024
$(26.5)
(1)The cumulative translation adjustments related to our net investment hedges remain in AOCI until the respective underlying net investment is sold or liquidated. During the years ended December 31, 2025, December 31, 2024 and December 31, 2023, we did not reclassify any amounts related to net investment hedges from AOCI into earnings whether due to ineffectiveness, a sale or liquidation.
Schedule of Derivatives Not Designated as Hedging Instruments
The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations (in millions):
Derivatives not in hedging relationshipLocation of gain (loss) recognized
in income on derivative		Amount of gain (loss) recognized
in income on derivative
For the year ended December 31, 2025
Commodity swapsCost of goods sold$97.5 
For the year ended December 31, 2024
Commodity swapsCost of goods sold$(7.8)
For the year ended December 31, 2023
Commodity swapsCost of goods sold$(61.7)
Foreign currency forwardOther non-operating income (expense), net2.7 
Total$(59.0)