Comprehensive Income

9 Months Ended

Sep. 30, 2020

The following table provides information on items not reclassified in their entirety from AOCL to Net income in the accompanying Consolidated Statements of Operations (in millions):


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,			Affected Line Item(s) in the Consolidated Statements of Operations
	2020		2019		2020		2019
(Losses) Gains on Cash Flow Hedges:
Derivatives contracts	$	(0.4)	$	(2.5)	$	(5.5)	$	(6.9)	Cost of goods sold; Losses (gains) and other expenses, net
Income tax benefit	0.1		0.5		1.4		1.6		Provision for income taxes
Net of tax	$	(0.3)	$	(2.0)	$	(4.1)	$	(5.3)

Defined Benefit Plan items:
Pension and post-retirement benefit costs	$	(1.4)	$	(1.5)	$	(4.4)	$	(4.4)	Cost of goods sold; Selling, general and administrative expenses
Pension settlements	(0.3)		—		(0.3)		(60.6)		Pension settlements
Income tax benefit	0.4		0.4		1.1		16.2		Provision for income taxes
Net of tax	$	(1.3)	$	(1.1)	$	(3.6)	$	(48.8)

Foreign Currency Translation Adjustments:
Foreign currency adjustments on sale of business	—		—		—		(2.1)		Loss on sale of business

Net of tax	$	—	$	—	$	—	$	(2.1)

Total reclassifications from AOCL	$	(1.6)	$	(3.1)	$	(7.7)	$	(56.2)

The following table provides information on changes in AOCL, by component (net of tax), for the nine months ended September 30, 2020 (in millions):


	Gains (Losses) on Cash Flow Hedges		Share of equity method investments other comprehensive income		Defined Benefit Pension Plan Items		Foreign Currency Translation Adjustments		Total AOCL
Balance as of December 31, 2019	$	—	$	—	$	(81.5)	$	(22.3)	$	(103.8)
Other comprehensive loss before reclassifications	(2.4)		(1.2)		(3.4)		(11.8)		(18.8)
Amounts reclassified from AOCL	4.1		—		3.6		—		7.7
Net other comprehensive (loss) income	1.7		(1.2)		0.2		(11.8)		(11.1)
Balance as of September 30, 2020	$	1.7	$	(1.2)	$	(81.3)	$	(34.1)	$	(114.9)