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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Contractual Amounts for Derivative Contracts
The following table summarizes, by currency, the contractual amounts of the Company’s foreign currency forward contracts that are designated as cash flow hedges:
December 31 (dollars in millions)20242023
BuySellBuySell
Canadian dollar— 28.9 — 80.5 
Euro14.0 — 24.1 — 
Mexican peso27.2 — 14.2 — 
Total$41.2 $28.9 $38.3 $80.5 
The following table summarizes the contractual amounts of the Company's foreign exchange contracts that are designated as balance sheet hedges:
December 31 (dollars in millions)20242023
BuySellBuySell
Canadian dollar$— $6.4 $44.1 $— 
Chinese yuan— — 206.8 — 
Total$— $6.4 $250.9 $— 
Schedule of Effect of Derivatives on the Condensed Consolidated Statement of Earnings
The effect of cash flow hedges on the consolidated statement of earnings:
Years ended December 31 (dollars in millions):
Derivatives in ASC 815 cash flow
hedging relationships		Amount of (loss) gain recognized in other
comprehensive loss on
derivatives		Location of gain (loss)
reclassified from
accumulated other
comprehensive loss into
earnings		Amount of gain (loss) reclassified
from accumulated
other comprehensive
loss into earnings
2024202320242023
Foreign currency contracts$(0.7)$3.7 Cost of products sold$2.2 $9.2 
Interest rate swaps$(0.5)$— Interest Expense$(0.1)$— 
The amounts recognized within the consolidated statements of earnings related to the Company's foreign exchange contracts are set forth below.
Years ended December 31 (dollars in millions)
Derivatives not designated as hedging instruments:
Location of within the consolidated statements of earnings
202420232022
Foreign exchange contractsOther expense (income) - net$0.9 $(3.7)$1.2