v3.26.1
Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The estimated carrying value of our financial assets and liabilities that are recognized at fair value on a recurring basis, using available market information and other observable data, are as follows:
 
Fair Value
June 30, 2026December 31, 2025Input
(in millions)
Balance Sheet Classification
Cash equivalents$157.4 $183.1 Level 1
Prepaid expenses and other
Cash flow hedges - currency forward contracts10.2 9.0 Level 2
Cash flow hedges - variable-to-fixed interest rate swap3.2 0.1 Level 2
Nondesignated - currency forward contracts33.4 53.7 Level 2
Other assets and deferred charges
     Cash flow hedges - currency forward contracts6.3 4.9 Level 2
Fair value hedges - fixed-to-fixed cross-currency swap12.5 — Level 2
     Cash flow hedges - variable-to-fixed interest rate swap12.3 0.7 Level 2
Nondesignated - currency forward contracts3.6 — Level 2
Accrued expenses and other
     Cash flow hedges - currency forward contracts0.1 — Level 2
Fair value hedges - fixed-to-fixed cross-currency swap15.9 — Level 2
     Nondesignated - currency forward contracts3.2 — Level 2
Postretirement benefits and other long-term liabilities
Fair value hedges - fixed-to-fixed cross-currency swap— 21.5 Level 2
Nondesignated - currency forward contracts1.1 — Level 2
Fair Value, Financial Instruments not Carried at Fair Value [Table Text Block]
We estimated the fair value of the amounts outstanding on our debt using available market information and other observable data, to be as follows:
 
June 30, 2026December 31, 2025
Carrying  AmountFair ValueCarrying  AmountFair Value
 
Input
(in millions)
Revolving Credit Facility$— $— $— $— Level 2
Term Loan A Facility472.1 462.1 484.3 486.7 Level 2
Term Loan B Facility644.6 645.4 648.0 649.6 Level 2
Tranche C Term Facility824.6 823.5 — — Level 2
7.75% Notes due 2033
1,250.0 1,231.3 1,250.0 1,268.8 Level 2
6.875% Notes due 2028
125.0 125.0 250.0 249.8 Level 2
6.375% Notes due 2032
850.0 845.8 850.0 850.3 Level 2
5.00% Notes due 2029
600.0 580.5 600.0 576.0 Level 2
U.S. Private Placement Notes349.0 347.7 — — Level 3