Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of our derivative financial instruments as of June 30, 2024 and December 31, 2023:

	Fair Value of Derivative Instruments
	Derivative Assets					Derivative Liabilities
(in millions)	Balance Sheet Location	June 30, 2024		December 31, 2023		Balance Sheet Location	June 30, 2024		December 31, 2023
Derivatives designated as hedging instruments:
Foreign exchange contracts	Other current assets	$	0.7	$	0.3	Other current liabilities	$	0.4	$	1.6
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Other current assets		0.6		1.0	Other current liabilities		0.6		0.1
Foreign exchange contracts	Other non-current assets		3.8		3.2	Other non-current liabilities		3.8		3.2
Total derivatives		$	5.1	$	4.5		$	4.8	$	4.9

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the pre-tax effect of our derivative financial instruments on the condensed consolidated financial statements for the three and six months ended June 30, 2024 and 2023:

	The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements
	Amount of Gain (Loss) Recognized in AOCI (Effective Portion)				Location of (Gain) Loss Reclassified from AOCI to Income	Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)
	Three months ended June 30,					Three months ended June 30,
(in millions)	2024		2023			2024			2023
Cash flow hedges:
Foreign exchange contracts	$	0.6	$	1.0	Cost of products sold	$	(0.5	)	$	(0.3	)

	The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements
	Amount of Gain (Loss) Recognized in AOCI (Effective Portion)				Location of (Gain) Loss Reclassified from AOCI to Income	Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)
	Six months ended June 30,					Six months ended June 30,
(in millions)	2024		2023			2024			2023
Cash flow hedges:
Foreign exchange contracts	$	1.6	$	0.4	Cost of products sold	$	(0.9	)	$	(0.8	)

	The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Financial Statements
	Location of (Gain) Loss Recognized in Income on Derivatives	Amount of (Gain) Loss Recognized in Income					Amount of (Gain) Loss Recognized in Income
		Three months ended June 30,					Six months ended June 30,
(in millions)		2024			2023		2024			2023
Foreign exchange contracts	Other expense (income), net	$	(3.4	)	$	1.3	$	(2.1	)	$	3.0