Comprehensive Income

12 Months Ended

Dec. 31, 2023

14. Comprehensive Income:

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 Years Ended December 31,
AOCL Component	2023		2022		Affected Line Item(s) in the Consolidated Statements of Operations
Gains/(Losses) on cash flow hedges:
Derivative contracts	$	(0.4)	$	9.7	Cost of goods sold; Losses (gains) and other expenses, net
Income tax benefit (expense)	0.1		(2.2)		Provision for income taxes
Net of tax	$	(0.3)	$	7.5

Defined Benefit Plan Items:
Pension and post-retirement benefits costs	$	(5.5)	$	(5.4)	Cost of goods sold; Selling, general, administrative expenses and other (income) expense, net
Pension settlements	(0.8)		0.2		Pension settlements
Pension adjustments upon sale of businesses	1.8		—		Gain on sale of businesses
Income tax benefit	1.6		1.3		Provision for income taxes
Net of tax	$	(2.9)	$	(3.9)

Foreign currency translation adjustments:
Foreign currency adjustments upon sale of businesses	$	(15.8)	$	—	Gain on sale of businesses
Income tax expense	—		—		Provision for income taxes
Net of tax	$	(15.8)	$	—

Total reclassifications from AOCL	$	(19.0)	$	3.6

The following tables provide information on changes in AOCL, by component (net of tax), for the years ended December 31, 2023 and 2022 (in millions):


	Gains (Loss) on Cash Flow Hedges		Share of equity method investments other comprehensive income		Defined Benefit Plan Items		Foreign Currency Translation Adjustments		Total AOCL
Balance as of December 31, 2022	$	(4.9)	$	(0.5)	$	(46.2)	$	(39.0)	$	(90.6)
Other comprehensive income (loss) before reclassifications	2.6		1.1		(0.9)		11.9		14.7
Amounts reclassified from AOCL	0.3		—		2.9		15.8		19.0
Net other comprehensive income	2.9		1.1		2.0		27.7		33.7
Balance as of December 31, 2023	$	(2.0)	$	0.6	$	(44.2)	$	(11.3)	$	(56.9)


	Gains (Losses) on Cash Flow Hedges		Share of equity method investments other comprehensive income		Defined Benefit Plan Items		Foreign Currency Translation Adjustments		Total AOCL
Balance as of December 31, 2021	$	10.7	$	(1.2)	$	(68.8)	$	(28.8)	$	(88.1)
Other comprehensive (loss) income before reclassifications	(8.1)		0.7		18.7		(10.2)		1.1
Amounts reclassified from AOCL	(7.5)		—		3.9		—		(3.6)
Net other comprehensive income	(15.6)		0.7		22.6		(10.2)		(2.5)
Balance as of December 31, 2022	$	(4.9)	$	(0.5)	$	(46.2)	$	(39.0)	$	(90.6)