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Note 12 - Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 12 — Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss, net of tax for the three and six months ended June 30, 2024 and 2023, were as follows (in millions):

		*Three months ended June 30,*
		*2024*												*2023*
						*Retirement*												*Retirement*
		*Foreign*				*benefit*								*Foreign*				*benefit*
		*currency*				*asset, net*				*Total*				*currency*				*asset, net*				*Total*
Beginning balance		$	(523.4	)		$	(84.3	)		$	(607.7	)		$	(536.0	)		$	(70.3	)		$	(606.3	)
Other comprehensive income			3.5				—				3.5				38.4				—				38.4
Reclassifications to net income⁽¹⁾			5.5				0.4				5.9				2.1				0.1				2.2
Total other comprehensive income			9.0				0.4				9.4				40.5				0.1				40.6
Less: other comprehensive loss (income) attributable to noncontrolling interests			(0.4	)			—				(0.4	)			1.6				—				1.6
Ending balance		$	(514.8	)		$	(83.9	)		$	(598.7	)		$	(493.9	)		$	(70.2	)		$	(564.1	)

		*Six months ended June 30,*
		*2024*												*2023*
						*Retirement*												*Retirement*
		*Foreign*				*benefit*								*Foreign*				*benefit*
		*currency*				*asset, net*				*Total*				*currency*				*asset, net*				*Total*
Beginning balance		$	(478.9	)		$	(84.7	)		$	(563.6	)		$	(577.3	)		$	(70.4	)		$	(647.7	)
Other comprehensive income (loss)			(20.1	)			—				(20.1	)			82.9				—				82.9
Reclassifications to net income⁽¹⁾			(16.5	)			0.8				(15.7	)			2.1				0.2				2.3
Total other comprehensive income (loss)			(36.6	)			0.8				(35.8	)			85.0				0.2				85.2
Less: other comprehensive loss (income) attributable to noncontrolling interests			0.7				—				0.7				(1.6	)			—				(1.6	)
Ending balance		$	(514.8	)		$	(83.9	)		$	(598.7	)		$	(493.9	)		$	(70.2	)		$	(564.1	)

(1) Reclassifications to net income are primarily related to the release of accumulated foreign currency translation reserves during the period in which a JHG entity liquidated.

The components of other comprehensive income (loss), net of tax for the three and six months ended June 30, 2024 and 2023, were as follows (in millions):

		*Three months ended June 30,*
		*2024*												*2023*
		*Pre-tax*				*Tax*				*Net*				*Pre-tax*				*Tax*				*Net*
		*amount*				*impact*				*amount*				*amount*				*impact*				*amount*
Foreign currency translation adjustments		$	3.6			$	(0.1	)		$	3.5			$	38.8			$	(0.4	)		$	38.4
Reclassifications to net income⁽¹⁾			5.9				—				5.9				2.2				—				2.2
Total other comprehensive income (loss)		$	9.5			$	(0.1	)		$	9.4			$	41.0			$	(0.4	)		$	40.6

		*Six months ended June 30,*
		*2024*												*2023*
		*Pre-tax*				*Tax*				*Net*				*Pre-tax*				*Tax*				*Net*
		*amount*				*impact*				*amount*				*amount*				*impact*				*amount*
Foreign currency translation adjustments		$	(22.8	)		$	2.7			$	(20.1	)		$	80.3			$	2.6			$	82.9
Reclassifications to net income⁽¹⁾			(15.7	)			—				(15.7	)			2.3				—				2.3
Total other comprehensive income (loss)		$	(38.5	)		$	2.7			$	(35.8	)		$	82.6			$	2.6			$	85.2

(1) Reclassifications to net income are primarily related to the release of accumulated foreign currency translation reserves during the period in which a JHG entity liquidated.