Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2020

The following table provides details of comprehensive income (loss) for the six months ended June 30, 2020 and 2019:


(In millions)	Unrecognized Pension Items		Cumulative Translation Adjustment		Unrecognized Losses on Derivative Instruments for net investment hedge		Unrecognized Gains on Derivative Instruments for cash flow hedge		Accumulated Other Comprehensive Loss, Net of Taxes
Balance at December 31, 2018	$	(136.4)	$	(744.8)	$	(41.9)	$	2.7	$	(920.4)
Other comprehensive income (loss) before reclassifications	—		6.3		2.3		(0.3)		8.3
Less: amounts reclassified from accumulated other comprehensive loss	1.7		—		—		(1.0)		0.7
Net current period other comprehensive income (loss)	1.7		6.3		2.3		(1.3)		9.0
Balance at June 30, 2019⁽¹⁾	$	(134.7)	$	(738.5)	$	(39.6)	$	1.4	$	(911.4)

Balance at December 31, 2019	$	(146.1)	$	(728.6)	$	(34.5)	$	0.2	$	(909.0)
Other comprehensive (loss) income before reclassifications	(0.1)		(87.1)		(1.3)		4.7		(83.8)
Less: amounts reclassified from accumulated other comprehensive loss	2.2		—		—		(2.4)		(0.2)
Net current period other comprehensive income (loss)	2.1		(87.1)		(1.3)		2.3		(84.0)

Balance at June 30, 2020⁽¹⁾	$	(144.0)	$	(815.7)	$	(35.8)	$	2.5	$	(993.0)

⁽¹⁾The ending balance in AOCL includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $4.5 million and $(0.4) million as of June 30, 2020 and 2019, respectively.

The following table provides detail of amounts reclassified from AOCL:


	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2020⁽¹⁾		2019⁽¹⁾		2020⁽¹⁾		2019⁽¹⁾		Location of Amount Reclassified from AOCL
Defined benefit pension plans and other post-employment benefits:
Prior service credit	$	—	$	—	$	0.1	$	0.1
Actuarial losses	(1.4)		(1.2)		(3.0)		(2.4)
Total pre-tax amount	(1.4)		(1.2)		(2.9)		(2.3)		Other income, net
Tax benefit	0.3		0.3		0.7		0.6
Net of tax	(1.1)		(0.9)		(2.2)		(1.7)


Net gains on cash flow hedging derivatives:⁽²⁾
Foreign currency forward contracts	2.0		0.9		3.1		1.5		Cost of sales

Treasury locks	0.1		0.1		0.1		0.1		Interest expense, net
Total pre-tax amount	2.1		1.0		3.2		1.6
Tax expense	(0.5)		(0.4)		(0.8)		(0.6)
Net of tax	1.6		0.6		2.4		1.0
Total reclassifications for the period	$	0.5	$	(0.3)	$	0.2	$	(0.7)

⁽¹⁾Amounts in parenthesis indicate changes to earnings (loss).

⁽²⁾These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 15, “Derivatives and Hedging Activities,” of the Notes to Condensed Consolidated Financial Statements for additional details.