XML 90 R83.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value Measurement - Schedule of Fair Value of Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Investment in equity securities [1] $ 9.1 $ 5.2
Foreign currency exchange derivatives [2] 3.0 1.7
Liabilities:    
Foreign currency exchange derivatives [2] 0.8 1.0
Rabbi Trust    
Assets:    
Rabbi trust, less current portion [3] 10.9 13.6
Level 1    
Assets:    
Investment in equity securities [1] 9.1 5.2
Foreign currency exchange derivatives [2] 0.0 0.0
Liabilities:    
Foreign currency exchange derivatives [2] 0.0 0.0
Level 1 | Rabbi Trust    
Assets:    
Rabbi trust, less current portion [3] 10.9 13.6
Level 2    
Assets:    
Investment in equity securities [1] 0.0 0.0
Foreign currency exchange derivatives [2] 3.0 1.7
Liabilities:    
Foreign currency exchange derivatives [2] 0.8 1.0
Level 2 | Rabbi Trust    
Assets:    
Rabbi trust, less current portion [3] 0.0 0.0
Level 3    
Assets:    
Investment in equity securities [1] 0.0 0.0
Foreign currency exchange derivatives [2] 0.0 0.0
Liabilities:    
Foreign currency exchange derivatives [2] 0.0 0.0
Level 3 | Rabbi Trust    
Assets:    
Rabbi trust, less current portion [3] $ 0.0 $ 0.0
[1] Represents investments in equity securities for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income.
[2] Based on observable market transactions of forward currency prices.
[3] Represents investments held in a rabbi trust for the Company’s non-qualified supplemental executive retirement plan (SERP). The fair values of these investments are determined using a market approach. Investments include money markets and mutual funds for which quoted prices in active markets are available. Rabbi trust assets are subject to claims of the Company's creditors. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income.