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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
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 December 2027. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:
June 30, 2026December 31, 2025
Copper$101.6 $78.3 

The Company has currency forward contracts with maturities extending through December 2027. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:
June 30, 2026December 31, 2025
Euro$875.2 $753.9 
Chinese Renminbi475.8 586.4 
Mexican Peso467.3 375.4 
Canadian Dollar193.4 147.3 
Swedish Krona53.2 — 
Indian Rupee43.4 44.8 
Australian Dollar29.6 6.1 
British Pound25.9 16.9 
Schedule of Fair Values of Derivative Instruments
Fair values of derivative instruments as of June 30, 2026 and December 31, 2025 were:
June 30, 2026
Prepaid Expenses and Other Current AssetsOther Noncurrent AssetsOther Accrued Expenses
Designated as Hedging Instruments:
Currency Contracts$7.4 $0.4 $1.4 
Commodity Contracts8.4 0.4 0.2 
Not Designated as Hedging Instruments:
Currency Contracts3.3 — 8.8 
Total Derivatives$19.1 $0.8 $10.4 
December 31, 2025
Prepaid Expenses and Other Current AssetsOther Noncurrent AssetsOther Accrued Expenses
Designated as Hedging Instruments:
Currency Contracts$6.0 $0.5 $0.3 
Commodity Contracts9.5 1.1 0.4 
Not Designated as Hedging Instruments:
Currency Contracts5.2 — 2.6 
Total Derivatives$20.7 $1.6 $3.3 
Schedule of Cash Flow Hedging Instruments
The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income were:
Three Months Ended
June 30, 2026June 30, 2025
Commodity ForwardsCurrency ForwardsTotalCommodity ForwardsCurrency ForwardsInterest Rate SwapsTotal
Gain (Loss) Recognized in Other Comprehensive Income (Loss)$7.5 $6.9 $14.4 $(0.3)$5.2 $(0.2)$4.7 
Amounts Reclassified from Other Comprehensive Income (Loss):
Gain (Loss) Recognized in Cost of Sales3.8 2.1 5.9 (0.5)(2.9)— (3.4)
Gain Recognized in Interest Expense— — — — — 4.9 4.9 
Six Months Ended
June 30, 2026June 30, 2025
Commodity ForwardsCurrency ForwardsTotalCommodity ForwardsCurrency ForwardsInterest Rate SwapsTotal
Gain (Loss) Recognized in Other Comprehensive Income (Loss)$6.4 $6.7 $13.1 $6.8 $7.2 $(2.4)$11.6 
Amounts Reclassified from Other Comprehensive Income (Loss):
Gain (Loss) Recognized in Cost of Sales5.2 3.4 8.6 (1.0)(4.2)— (5.2)
Gain Recognized in Interest Expense— — — — — 6.1 6.1 
Schedule of Derivatives Not Designated as Cash Flow Hedging Instruments
The effect of currency forwards not designated as cash flow hedges on the Condensed Consolidated Statements of Income were:
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
(Loss) Gain Recognized in Operating Expenses$(2.7)$9.7 $(8.2)$15.1 
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:
June 30, 2026
Gross Amounts as Presented on the Condensed Consolidated Balance SheetDerivative Contract Amounts Subject to Right of Offset Derivative Contracts as Presented on a Net Basis
Assets$19.9 $(2.8)$17.1 
Liabilities10.4 (2.8)7.6 
December 31, 2025
Gross Amounts as Presented on the Condensed Consolidated Balance SheetDerivative Contract Amounts Subject to Right of OffsetDerivative Contracts as Presented on a Net Basis
Assets$22.3 $(2.2)$20.1 
Liabilities3.3 (2.2)1.1