Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Forward Contracts

The Company has commodity forward contracts to hedge forecasted purchases of commodities with maturities extending through June 2027. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:

	December 31, 2025		December 31, 2024
Copper	$	78.3	$	41.7

The Company has currency forward contracts with maturities extending through June 2027. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:

	December 31, 2025		December 31, 2024
Euro	$	753.9	$	1,221.5
Mexican Peso	375.4		233.2
Chinese Renminbi	586.4		359.5
Indian Rupee	44.8		23.0
Canadian Dollar	147.3		52.2
Australian Dollar	6.1		—
British Pound	16.9		6.1

Schedule of Fair Values of Derivative Instruments

Fair values of derivative instruments as of December 31, 2025 and December 31, 2024 were:

	December 31, 2025
	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets		Other Accrued Expenses
Designated as Hedging Instruments:
Currency Contracts	$	6.0	$	0.5	$	0.3
Commodity Contracts	9.5		1.1		0.4
Not Designated as Hedging Instruments:
Currency Contracts	5.2		—		2.6
Total Derivatives	$	20.7	$	1.6	$	3.3

	December 31, 2024
	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets		Other Accrued Expenses
Designated as Hedging Instruments:
Interest Rate Swap Contracts	$	—	$	5.5	$	—
Currency Contracts	0.1		—		8.0
Commodity Contracts	0.1		—		4.4
Not Designated as Hedging Instruments:
Currency Contracts	0.9		—		5.6
Total Derivatives	$	1.1	$	5.5	$	18.0

Schedule of Cash Flow Hedging Instruments

The effect of derivative instruments designated as cash flow hedges on the Consolidated Statements of Income (Loss) and Consolidated Statements of Comprehensive Income for 2025, 2024 and 2023 were:

	2025
					Interest
	Commodity		Currency		Rate
	Forwards		Forwards		Swaps		Total
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$	16.5	$	14.8	$	(2.4)	$	28.9
Amounts Reclassified from Other Comprehensive Income (Loss) Gain:
Loss Recognized in Cost of Sales	(0.6)		(5.3)		—		(5.9)
Gain Recognized in Interest Expense	—		—		6.1		6.1

	2024
					Interest
	Commodity		Currency		Rate
	Forwards		Forwards		Swaps		Total
(Loss) Gain Recognized in Other Comprehensive Loss	$	(4.5)	$	(14.3)	$	0.2	$	(18.6)
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales	(1.3)		22.3		—		21.0
Gain Recognized in Interest Expense	—		—		5.6		5.6

	2023
					Interest
	Commodity		Currency		Rate
	Forwards		Forwards		Swaps		Total
(Loss) Gain Recognized in Other Comprehensive Loss	$	(0.5)	$	31.2	$	(2.5)	$	28.2
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales	(13.6)		20.8		—		7.2
Gain Recognized in Interest Expense	—		—		5.9		5.9

Schedule of Derivatives Not Designated as Cash Flow Hedging Instruments

The effect of derivative instruments not designated as cash flow hedges on the Consolidated Statements of Income (Loss) for 2025, 2024 and 2023 were:

	2025
	Commodity Forwards		Currency Forwards		Total
Gain (Loss) recognized in Operating Expenses	$	—	$	10.8	$	10.8

	2024
	Commodity Forwards		Currency Forwards		Total
Gain recognized in Operating Expenses	$	—	$	4.6	$	4.6

	2023
	Commodity Forwards		Currency Forwards		Total
Gain recognized in Cost of Sales	$	0.3	$	—	$	0.3
Loss recognized in Operating Expenses	—		(17.8)		(17.8)

Schedule of Derivatives Offsetting Disclosures

The following table presents on a net basis the derivative assets and liabilities that are subject to right of offset under enforceable master netting agreements:

	December 31, 2025
	Gross Amounts as Presented in the Consolidated Balance Sheet		Derivative Contract Amounts Subject to Right of Offset		Derivative Contracts as Presented on a Net Basis
Assets	$	22.3	$	(2.2)	$	20.1
Liabilities	3.3		(2.2)		1.1

	December 31, 2024
	Gross Amounts as Presented in the Consolidated Balance Sheet		Derivative Contract Amounts Subject to Right of Offset		Derivative Contracts as Presented on a Net Basis
Assets	$	6.6	$	(1.1)	$	5.5
Liabilities	18.0		(1.1)		16.9