Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2023

The following table provides details of comprehensive loss:


(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	7.3		(77.0)		20.0		9.2		(40.5)
Less: amounts reclassified from accumulated other comprehensive loss	3.9		—		—		(8.3)		(4.4)
Net current period other comprehensive income (loss)	11.2		(77.0)		20.0		0.9		(44.9)

Balance at December 31, 2022	$	(126.3)	$	(837.5)	$	(18.3)	$	3.3	$	(978.8)
Other comprehensive (loss) income before reclassifications	(23.8)		66.9		(19.8)		(0.7)		22.6
Less: amounts reclassified from accumulated other comprehensive loss	3.7		—		—		(3.0)		0.7
Net current period other comprehensive (loss) income	(20.1)		66.9		(19.8)		(3.7)		23.3
Balance at December 31, 2023	$	(146.4)	$	(770.6)	$	(38.1)	$	(0.4)	$	(955.5)

(1)Includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustments were $12.9 million, $15.8 million and $30.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Detail of Amounts Reclassified from Accumulated Other Comprehensive Income

The following table provides detail of amounts reclassified from AOCL:


(In millions)	2023		2022		2021		Location of Amount Reclassified from AOCL
Defined benefit pension plans and other post-employment benefit plans:
Settlements	$	(0.2)	$	—	$	(0.9)
Amortization of net prior service credit	0.1		—		—
Amortization of net actuarial loss	(4.7)		(5.2)		(7.4)
Total pre-tax amount	(4.8)		(5.2)		(8.3)		Other expense, net
Tax benefit	1.1		1.3		2.0
Net of tax	(3.7)		(3.9)		(6.3)


Net gains (losses) on cash flow hedging derivatives:(1)
Foreign currency forward contracts	4.2		10.9		(1.9)		Cost of sales

Treasury locks	0.1		0.1		0.1		Interest expense, net
Total pre-tax amount	4.3		11.0		(1.8)
Tax (expense) benefit	(1.3)		(2.7)		0.6
Net of tax	3.0		8.3		(1.2)
Total reclassifications for the period	$	(0.7)	$	4.4	$	(7.5)

(1)These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 15, “Derivatives and Hedging Activities,” for additional details.