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Derivative Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts

The notional amount of a derivative instrument is the nominal or face amount used to calculate payments made on that instrument. Notional amounts are presented in the following table:

 

 

 

Notional

 

Notional

 

 

 

Amount

 

Amount

 

 

 

December 31, 2023

 

December 31, 2022

 

Derivatives designated as hedging instruments

 

 

 

 

 

Foreign exchange contracts

 

$

228.9

 

$

231.5

 

Diesel fuel contracts

 

2.3 gallons

 

5.0 gallons

 

Commodities contracts

 

59.0 pounds

 

26.8 pounds

 

Derivatives not designated as hedging instruments

 

 

 

 

 

Foreign exchange contracts

 

$

0.0

 

$

1.6

 

Equity derivatives

 

$

23.2

 

$

22.5