Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2022

The following table provides details of comprehensive income (loss) for the six months ended June 30, 2022 and 2021:


(In millions)	Unrecognized Pension Items		Cumulative Translation Adjustment(1)		Unrecognized Losses on Derivative Instruments for net investment hedge		Unrecognized Gains (Losses) on Derivative Instruments for cash flow hedge		Accumulated Other Comprehensive Loss, Net of Taxes






Balance at December 31, 2021	$	(137.5)	$	(760.5)	$	(38.3)	$	2.4	$	(933.9)
Other comprehensive income (loss) before reclassifications	0.2		(58.8)		26.5		5.3		(26.8)
Less: amounts reclassified from accumulated other comprehensive loss	1.9		—		—		(3.5)		(1.6)
Net current period other comprehensive income (loss)	2.1		(58.8)		26.5		1.8		(28.4)
Balance at June 30, 2022	$	(135.4)	$	(819.3)	$	(11.8)	$	4.2	$	(962.3)







Balance at December 31, 2020	$	(172.5)	$	(721.7)	$	(67.5)	$	(1.8)	$	(963.5)
Other comprehensive (loss) income before reclassifications	(1.4)		2.0		12.1		0.2		12.9
Less: amounts reclassified from accumulated other comprehensive loss	2.9		—		—		2.9		5.8
Net current period other comprehensive income	1.5		2.0		12.1		3.1		18.7
Balance at June 30, 2021	$	(171.0)	$	(719.7)	$	(55.4)	$	1.3	$	(944.8)

(1)Includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $36.1 million and $12.0 million for the six months ended June 30, 2022 and 2021, respectively.

The following table provides detail of amounts reclassified from AOCL:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2022		2021		2022		2021		Location of Amount Reclassified from AOCL
Defined benefit pension plans and other post-employment benefits:
Net settlement (cost) credit	$	—	$	(0.1)	$	0.1	$	(0.2)
Prior service credit	0.1		0.1		0.1		0.1
Actuarial losses	(1.3)		(1.8)		(2.7)		(3.7)
Total pre-tax amount	(1.2)		(1.8)		(2.5)		(3.8)		Other (expense) income, net
Tax benefit	0.3		0.4		0.6		0.9
Net of tax	(0.9)		(1.4)		(1.9)		(2.9)


Net gains (losses) on cash flow hedging derivatives:(1)
Foreign currency forward contracts	2.4		(0.8)		4.3		(4.2)		Cost of sales

Treasury locks	—		0.1		0.1		0.1		Interest expense, net
Total pre-tax amount	2.4		(0.7)		4.4		(4.1)
Tax (expense) benefit	(0.6)		(0.1)		(0.9)		1.2
Net of tax	1.8		(0.8)		3.5		(2.9)
Total reclassifications for the period	$	0.9	$	(2.2)	$	1.6	$	(5.8)

(1)These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 14, “Derivatives and Hedging Activities,” for additional details.