Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2021

The following table provides details of comprehensive (loss) income for the nine months ended September 30, 2021 and 2020:


(In millions)	Unrecognized Pension Items		Cumulative Translation Adjustment		Unrecognized Losses on Derivative Instruments for net investment hedge		Unrecognized (Losses) Gains on Derivative Instruments for cash flow hedge		Accumulated Other Comprehensive Loss, Net of Taxes






Balance at December 31, 2020	$	(172.5)	$	(721.7)	$	(67.5)	$	(1.8)	$	(963.5)
Other comprehensive (loss) income before reclassifications	(1.6)		(33.4)		21.0		2.9		(11.1)
Less: amounts reclassified from accumulated other comprehensive loss	4.8		—		—		2.2		7.0
Net current period other comprehensive income (loss)	3.2		(33.4)		21.0		5.1		(4.1)
Balance at September 30, 2021(1)	$	(169.3)	$	(755.1)	$	(46.5)	$	3.3	$	(967.6)







Balance at December 31, 2019	$	(146.1)	$	(728.6)	$	(34.5)	$	0.2	$	(909.0)
Other comprehensive (loss) income before reclassifications	(0.4)		(77.5)		(16.3)		0.7		(93.5)
Less: amounts reclassified from accumulated other comprehensive loss	4.3		—		—		(0.7)		3.6
Net current period other comprehensive income (loss)	3.9		(77.5)		(16.3)		—		(89.9)
Balance at September 30, 2020(1)	$	(142.2)	$	(806.1)	$	(50.8)	$	0.2	$	(998.9)

(1)The ending balance in AOCL includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment for the nine months ended September 30, 2021 and 2020 was a gain of $19.4 million and a loss of $19.8 million, respectively.

Detail of Amounts Reclassified from AOCL

The following table provides detail of amounts reclassified from AOCL:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2021(1)		2020(1)		2021(1)		2020(1)		Location of Amount Reclassified from AOCL
Defined benefit pension plans and other post-employment benefits:
Settlement activity	$	(0.5)	$	(0.9)	$	(0.7)	$	(1.0)
Prior service (cost) credit	(0.1)		—		—		0.1
Actuarial losses	(2.0)		(1.6)		(5.7)		(4.6)
Total pre-tax amount	(2.6)		(2.5)		(6.4)		(5.5)		Other (expense) income, net
Tax benefit	0.6		0.5		1.6		1.2
Net of tax	(2.0)		(2.0)		(4.8)		(4.3)


Net gains (losses) on cash flow hedging derivatives:(2)
Foreign currency forward contracts	0.9		(2.4)		(3.3)		0.7		Cost of sales

Treasury locks	—		—		0.1		0.1		Interest expense, net
Total pre-tax amount	0.9		(2.4)		(3.2)		0.8
Tax (expense) benefit	(0.3)		0.7		1.0		(0.1)
Net of tax	0.6		(1.7)		(2.2)		0.7
Total reclassifications for the period	$	(1.4)	$	(3.7)	$	(7.0)	$	(3.6)

(1)Amounts in parentheses indicate charges to earnings (loss).

(2)These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 13, “Derivatives and Hedging Activities,” for additional details.