Accumulated Other Comprehensive Loss The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the nine months ended September 30, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | (Losses) gains on derivatives | | Change in equity affiliate investment AOCI | | Defined benefit pension and other postretirement plans | | Foreign currency translation | | Total | Balance, December 31, 2020 | $ | (1.9) | | | $ | 0.6 | | | $ | (40.5) | | | $ | (68.8) | | | $ | (110.6) | | Other comprehensive income (loss) before reclassifications | (2.5) | | | — | | | 0.6 | | | (46.9) | | | (48.8) | | Amounts reclassified out from accumulated other comprehensive income (loss) | 3.2 | | | — | | | 0.5 | | | — | | | 3.7 | | Other comprehensive income (loss), net of tax | 0.7 | | | — | | | 1.1 | | | (46.9) | | | (45.1) | | Balance, September 30, 2021 | $ | (1.2) | | | $ | 0.6 | | | $ | (39.4) | | | $ | (115.7) | | | $ | (155.7) | |
A summary of the reclassifications out of accumulated other comprehensive loss is presented in the following table: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Three Months Ended September 30, | | Nine Months Ended September 30, | | Location on Statement of Income | Detail of components | | 2021 | | 2020 | | 2021 | | 2020 | | Gains (losses) on derivatives: | | | | | | | | | | | Foreign currency contracts | | $ | (0.1) | | | $ | (0.3) | | | $ | (1.1) | | | $ | 0.3 | | | Net sales | Foreign currency contracts | | 0.4 | | | (0.1) | | | (1.9) | | | 0.3 | | | Cost of goods and services sold | Foreign currency contracts | | (0.9) | | | 1.1 | | | (2.1) | | | 5.1 | | | Other expense (income) | Forward treasury locks | | (0.1) | | | (0.1) | | | (0.3) | | | (0.3) | | | Interest expense | Total before tax | | (0.7) | | | 0.6 | | | (5.4) | | | 5.4 | | | | Tax benefit (expense) | | 0.7 | | | (0.3) | | | 2.2 | | | (1.9) | | | | Net of tax | | $ | — | | | $ | 0.3 | | | $ | (3.2) | | | $ | 3.5 | | | | Amortization of defined benefit pension and other postretirement plans: | | | | | | | | | | | | | | | | | | | | | | Prior service credit | | $ | 0.1 | | | $ | 0.1 | | | $ | 0.2 | | | $ | 0.4 | | | (a) | Actuarial losses | | 0.1 | | | 0.2 | | | (0.1) | | | — | | | (a) | Settlements | | — | | | (1.1) | | | (0.7) | | | (3.4) | | | (a) | Total before tax | | 0.2 | | | (0.8) | | | (0.6) | | | (3.0) | | | | Tax benefit (expense) | | (0.1) | | | 0.3 | | | 0.1 | | | 0.8 | | | | Net of tax | | $ | 0.1 | | | $ | (0.5) | | | $ | (0.5) | | | $ | (2.2) | | | | Total reclassifications for the period, net of tax | | $ | 0.1 | | | $ | (0.2) | | | $ | (3.7) | | | $ | 1.3 | | | |
(a) These components are included in the computation of net periodic benefit cost. Please refer to Note 14, Benefit Plans, for additional details.
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