Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Offsetting Assets

The following table shows the fair value and balance sheet locations of our fair value hedges, cross-currency swap contracts designated as cash flow hedges and net investment hedges as of March 31, 2026 and December 31, 2025:

(In millions)	Notional Amount		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Type of Hedge
March 31, 2026
Derivatives designated as hedges:
Foreign currency forward contracts	$	1,147.3	$	—	$	—	$	33.1	$	—	Fair value
Cross-currency swap contracts	250.0		—		—		—		.7		Cash flow
Foreign currency forward contracts with collars	1,147.3		19.4		—		—		—		Net investment
Cross-currency swap contracts with collars	77.8		—		1.7		.7		1.3		Net investment
Total			$	19.4	$	1.7	$	33.8	$	2.0
December 31, 2025
Derivatives designated as hedges:
Foreign currency forward contracts	$	1,173.8	$	—	$	—	$	—	$	4.5	Fair value
Cross-currency swap contracts	250.0		—		—		—		9.9		Cash flow
Foreign currency forward contracts with collars	1,173.8		—		2.6		—		—		Net investment
Total			$	—	$	2.6	$	—	$	14.4

Schedule of Offsetting Liabilities

The following table shows the fair value and balance sheet locations of our fair value hedges, cross-currency swap contracts designated as cash flow hedges and net investment hedges as of March 31, 2026 and December 31, 2025:

(In millions)	Notional Amount		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Type of Hedge
March 31, 2026
Derivatives designated as hedges:
Foreign currency forward contracts	$	1,147.3	$	—	$	—	$	33.1	$	—	Fair value
Cross-currency swap contracts	250.0		—		—		—		.7		Cash flow
Foreign currency forward contracts with collars	1,147.3		19.4		—		—		—		Net investment
Cross-currency swap contracts with collars	77.8		—		1.7		.7		1.3		Net investment
Total			$	19.4	$	1.7	$	33.8	$	2.0
December 31, 2025
Derivatives designated as hedges:
Foreign currency forward contracts	$	1,173.8	$	—	$	—	$	—	$	4.5	Fair value
Cross-currency swap contracts	250.0		—		—		—		9.9		Cash flow
Foreign currency forward contracts with collars	1,173.8		—		2.6		—		—		Net investment
Total			$	—	$	2.6	$	—	$	14.4

Schedule of Components of Net Gains (Losses) Recognized in Income for Derivative Instruments

The following table shows the components of net gains (losses) recognized in income related to derivative instruments:

	Three Months Ended
(In millions)	March 31, 2026		March 29, 2025
Gain (loss) on derivatives designated as fair value hedges:
Foreign currency forward contracts - Marketing, general and administrative expense	$	(26.5)	$	19.9