Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 derivative instruments as of September 30, 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
September 30, 2026
Derivatives designated as hedges:
Foreign currency forward contracts	$	1,134.7	$	—	$	—	$	39.5	$	—	Fair value
Cross-currency swap contracts	250.0		—		—		—		4.9		Cash flow
Foreign currency forward contracts	11.5		.4		—		—		—		Cash flow
Commodity contracts	4.4		—		—		.5		—		Cash flow
Foreign currency forward contracts with collars	1,134.7		26.6		—		—		—		Net investment
Cross-currency swap contracts with collars	75.8		—		.7		1.1		.9		Net investment
Total			$	27.0	$	.7	$	41.1	$	5.8
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
Commodity contracts	1.7		—		—		.3		—		Cash flow
Foreign currency forward contracts with collars	1,173.8		—		2.6		—		—		Net investment
Total			$	—	$	2.6	$	.3	$	14.4

Schedule of Offsetting Liabilities

The following table shows the fair value and balance sheet locations of our derivative instruments as of September 30, 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
September 30, 2026
Derivatives designated as hedges:
Foreign currency forward contracts	$	1,134.7	$	—	$	—	$	39.5	$	—	Fair value
Cross-currency swap contracts	250.0		—		—		—		4.9		Cash flow
Foreign currency forward contracts	11.5		.4		—		—		—		Cash flow
Commodity contracts	4.4		—		—		.5		—		Cash flow
Foreign currency forward contracts with collars	1,134.7		26.6		—		—		—		Net investment
Cross-currency swap contracts with collars	75.8		—		.7		1.1		.9		Net investment
Total			$	27.0	$	.7	$	41.1	$	5.8
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
Commodity contracts	1.7		—		—		.3		—		Cash flow
Foreign currency forward contracts with collars	1,173.8		—		2.6		—		—		Net investment
Total			$	—	$	2.6	$	.3	$	14.4

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

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

	Three Months Ended				Nine Months Ended
(In millions)	September 30, 2026		September 27, 2025		September 30, 2026		September 27, 2025
Gain (loss) on derivatives designated as fair value hedges:
Foreign currency forward contracts - Marketing, general and administrative expense	$	(5.2)	$	(2.5)	$	(39.2)	$	63.8