Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values and Classification of Derivative Assets and Liabilities

The following table summarizes the total fair values of derivative assets and liabilities (based on Level 2 inputs, as further discussed in Note 10 — Fair Value Measurement) and the respective classification in the Consolidated Balance Sheets as of December 31, 2025 and 2024:


		Assets (Liabilities)
	Balance Sheet Classification	December 31, 2025		December 31, 2024
Cross-Currency Swap
Designated as fair value hedge	Prepaid expenses and other current assets	$	0.5	$	—
Designated as net investment hedges	Prepaid expenses and other current assets	$	2.2	$	—
Designated as fair value hedge	Derivative instruments	$	(6.8)	$	—
Designated as net investment hedges	Derivative instruments	$	(26.6)	$	(1.3)

Schedule of Effect of Derivative Instruments on Statement of Operations and Comprehensive Income (Loss)

The following table presents the effect of our derivative financial instruments on our Consolidated Statements of Operations and Comprehensive Loss:


	Year Ended December 31,
	2025		2024		2023
Interest rate swap designated as cash flow hedge	$	—	$	(4.0)	$	(8.5)
Cross-currency swap designated as fair value hedge	$	(0.8)	$	—	$	—
Cross-currency swaps designated as net investment hedges, amounts excluded from effectiveness testing	$	(2.2)	$	(0.1)	$	1.3

Ranpak Holdings Corp. 10-K