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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2024
Foreign Currency Exchange Contracts  
Derivative Instruments, Gain (Loss) [Line Items]  
Summary of Gains or Losses Recorded in Condensed Consolidated Statement of Operations for FX Forward Contracts

The net gains (losses) recorded in the Condensed Consolidated Statements of Operations for FX Forward Contracts for the three and six months ended June 30, 2024 and 2023 are summarized as follows:

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

Recognized Location

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Designated

 

Cost of sales

 

$

(0.4

)

 

$

1.8

 

 

$

(1.3

)

 

$

5.2

 

Non-designated

 

Other income (expense) - net

 

$

0.9

 

 

$

(2.9

)

 

$

2.3

 

 

$

(5.2

)