ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of accumulated other comprehensive income (loss)

The following table summarizes the changes in AOCL by component for the three months ended March 31, 2020 (in millions):


	Unrealized gains (losses) on Interest Rate Swaps		Foreign Currency Translation Adjustment		Foreign Currency Translation Adjustment on Long-term Intercompany Notes		Pension and Other Post-Employment Liability Adjustment		Total
Balance as of December 31, 2019	$	(4.8)	$	(15.6)	$	(13.0)	$	(36.0)	$	(69.4)
Other comprehensive loss before reclassifications	(6.8)		(9.3)		(1.6)		(12.3)		(30.0)
Amounts reclassified from AOCL	0.6		—		—		1.0		1.6
Net current-period other comprehensive loss before income tax	(6.2)		(9.3)		(1.6)		(11.3)		(28.4)
Income tax benefit	1.6		—		—		2.9		4.5
Other comprehensive loss	(4.6)		(9.3)		(1.6)		(8.4)		(23.9)
Balance as of March 31, 2020	$	(9.4)	$	(24.9)	$	(14.6)	$	(44.4)	$	(93.3)

Reclassification out of accumulated other comprehensive income

The following pension and other post-employment benefit reclassifications were made from AOCL to the Condensed Consolidated Statements of Operations and Other Comprehensive Income (in millions):


	Three Months Ended
	March 31, 2020		March 31, 2019
Amortization of pension and other post-employment liability adjustments
Prior service credits ⁽¹⁾	$	—	$	(0.2)
Actuarial losses ⁽¹⁾	0.3		0.1
Pension settlement charge	0.7		0.2
Total before tax	1.0		0.1
Tax expense	(0.2)		—
Net of tax	$	0.8	$	0.1

(1) These AOCL components are included in the computation of net periodic pension costs, and are included in Other income, net within the Condensed Consolidated Statements of Operations and Comprehensive Income. See Note 4 for additional information.

Summary of Unrealized Gains (Losses) on Derivative Instruments

The following table summarizes the unrealized gains (losses) on derivative instruments, including the impact of components reclassified into net income from AOCL, for the three months ended March 31, 2020 and 2019 (in millions):


	Three Months Ended
	March 31, 2020		March 31, 2019
Unrealized gain (loss) on derivative instruments	$	(6.8)	$	(2.1)
Loss on derivatives reclassified into income	0.6		0.1
Total before tax	(6.2)		(2.0)
Tax benefit	1.6		0.5
Net of tax	$	(4.6)	$	(1.5)