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Equity (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss)

A reconciliation of the changes in accumulated other comprehensive income (loss), net of income tax, by component for the three months ended September 30, 2025 and 2024 are summarized as follows:

 

 

Cash Flow Hedges

 

 

Pension &
Postretirement

 

 

Foreign Currency
Translation

 

 

Total

 

Balance as of June 30, 2024

 

$

(0.6

)

 

$

(10.2

)

 

$

(89.7

)

 

$

(100.5

)

Other comprehensive income (loss) before
   reclassifications

 

 

1.9

 

 

 

(0.7

)

 

 

19.0

 

 

 

20.2

 

Amounts reclassified from accumulated other
   comprehensive loss

 

 

(0.5

)

 

 

0.2

 

 

 

 

 

 

(0.3

)

Net other comprehensive income (loss)

 

 

1.4

 

 

 

(0.5

)

 

 

19.0

 

 

$

19.9

 

Balance as of September 30, 2024

 

$

0.8

 

 

$

(10.7

)

 

$

(70.7

)

 

$

(80.6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2025

 

$

3.1

 

 

$

(8.8

)

 

$

(58.3

)

 

$

(64.0

)

Other comprehensive income (loss) before
   reclassifications

 

 

(0.4

)

 

 

0.2

 

 

 

(2.8

)

 

 

(3.0

)

Amounts reclassified from accumulated other
   comprehensive loss

 

 

(1.6

)

 

 

(0.1

)

 

 

 

 

 

(1.7

)

Net other comprehensive income (loss)

 

 

(2.0

)

 

 

0.1

 

 

 

(2.8

)

 

 

(4.7

)

Balance as of September 30, 2025

 

$

1.1

 

 

$

(8.7

)

 

$

(61.1

)

 

$

(68.7

)

A reconciliation of the changes in accumulated other comprehensive income (loss), net of income tax, by component for the nine months ended September 30, 2025 and 2024 are summarized as follows:

 

 

Cash Flow Hedges

 

 

Pension &
Postretirement

 

 

Foreign Currency
Translation

 

 

Total

 

Balance as of December 31, 2023

 

$

1.3

 

 

$

(10.3

)

 

$

(77.4

)

 

$

(86.4

)

Other comprehensive income (loss) before
   reclassifications

 

 

(1.3

)

 

 

(0.7

)

 

 

6.7

 

 

 

4.7

 

Amounts reclassified from accumulated
   other comprehensive loss

 

 

0.8

 

 

 

0.3

 

 

 

 

 

 

1.1

 

Net other comprehensive income (loss)

 

 

(0.5

)

 

 

(0.4

)

 

 

6.7

 

 

 

5.8

 

Balance as of September 30, 2024

 

$

0.8

 

 

$

(10.7

)

 

$

(70.7

)

 

$

(80.6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2024

 

$

(1.7

)

 

$

(7.7

)

 

$

(98.2

)

 

$

(107.6

)

Other comprehensive income (loss) before
   reclassifications

 

 

5.1

 

 

 

(0.9

)

 

 

37.1

 

 

 

41.3

 

Amounts reclassified from accumulated other
   comprehensive loss

 

 

(2.3

)

 

 

(0.1

)

 

 

 

 

 

(2.4

)

Net other comprehensive income (loss)

 

 

2.8

 

 

 

(1.0

)

 

 

37.1

 

 

 

38.9

 

Balance as of September 30, 2025

 

$

1.1

 

 

$

(8.7

)

 

$

(61.1

)

 

$

(68.7

)

Reconciliation of Reclassifications from Accumulated Other Comprehensive loss, Net of Income Taxes

A reconciliation of the reclassifications from accumulated other comprehensive loss, net of income tax, for the three and nine months ended September 30, 2025 and 2024 are summarized as follows:

 

 

 

Amount Reclassified out of Accumulated Other
Comprehensive Loss

 

 

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

Recognized
Location

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

2.2

 

 

$

0.5

 

 

$

3.1

 

 

$

(0.8

)

 

 

Cost of sales

Total before income taxes

 

 

2.2

 

 

 

0.5

 

 

 

3.1

 

 

 

(0.8

)

 

 

 

Provision for income taxes

 

 

(0.6

)

 

 

 

 

 

(0.8

)

 

 

 

 

 

 

Total, net of income taxes

 

$

1.6

 

 

$

0.5

 

 

$

2.3

 

 

$

(0.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of pension and
   postretirement items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial gains (losses)

 

$

0.1

 

 

$

(0.2

)

 

$

0.1

 

 

$

(0.3

)

(a)

 

Other expense - net

Total before income taxes

 

 

0.1

 

 

 

(0.2

)

 

 

0.1

 

 

 

(0.3

)

 

 

 

Provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

0.1

 

 

$

(0.2

)

 

$

0.1

 

 

$

(0.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period,
   net of income taxes

 

$

1.7

 

 

$

0.3

 

 

$

2.4

 

 

$

(1.1

)

 

 

 

 

(a)
These accumulated other comprehensive loss components are components of net periodic pension cost (see Note 20, “Employee Benefit Plans,” for additional information).