Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2023

Items not reclassified in their entirety from Accumulated Other Comprehensive Income to Net 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

Changes in AOCI by component (net of tax)

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)