Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) is composed of certain gains and losses that are excluded from net income under GAAP and instead recorded as a separate element of stockholders’ equity. The following table summarizes the components of, and changes in, AOCI (in millions):

	Foreign Currency Translation		Derivative Financial Instruments		AOCI
Balance as of December 31, 2023	$	(19.5)	$	5.2	$	(14.3)
Other comprehensive income (loss) before reclassifications	(3.1)		5.1		2.0
Reclassifications out of other comprehensive income (loss)	—		(0.8)		(0.8)
Balance as of March 31, 2024	$	(22.6)	$	9.5	$	(13.1)

Gains (losses) on derivative instruments are reclassified in the condensed consolidated statements of operations in interest expense, financing costs and other, net in the period in which the hedged transaction affects earnings.