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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. For the Company, AOCI is composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three months ended June 30, 2024 and 2023 by component are shown in the following tables:

(In millions)
Pension and Other Postretirement Benefits (1)
Derivatives Designated as Hedges (1)
Foreign Currency Translation
Total (1)
Beginning balance, March 31, 2024$(132.1)$8.3 $(90.6)$(214.4)
Other comprehensive income (loss) before reclassification— 0.4 (2.7)(2.3)
Amounts reclassified from accumulated other comprehensive income1.0 (2.1)— (1.1)
Ending balance, June 30, 2024$(131.1)$6.6 $(93.3)$(217.8)
(1) All amounts are net of income taxes.

Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended June 30, 2024 were $1.3 million of charges to pension expense, other than service cost, net of $0.3 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $2.9 million of benefit in interest expense, net of $0.8 million income tax provision.
(In millions)
Pension and Other Postretirement Benefits (1)
Derivatives Designated as Hedges (1)
Foreign Currency Translation (1)
Total (1)
Beginning balance, March 31, 2023$(130.0)$12.6 $(82.5)$(199.9)
Other comprehensive income (loss) before reclassification0.1 2.8 (1.2)1.7 
Amounts reclassified from accumulated other comprehensive income0.9 (1.9)(0.5)(1.5)
Ending balance, June 30, 2023$(129.0)$13.5 $(84.2)$(199.7)
(1) All amounts are net of income taxes.

Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended June 30, 2023 were $1.2 million of charges to pension expense, other than service cost, net of $0.3 million income tax benefit. Reclassification adjustments for derivatives designated as hedges for the same period were $2.6 million of benefit in interest expense, net of $0.7 million income tax provision. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended June 30, 2023 were $0.7 million of benefit in interest expense, net of $0.2 million income tax provision.

Changes in the AOCI balances for the six months ended June 30, 2024 and 2023 by component are shown in the following tables:
(In millions)
Pension and Other Postretirement Benefits (1)
Derivatives Designated as Hedges (1)
Foreign Currency Translation
Total (1)
Beginning balance, December 31, 2023$(132.7)$9.2 $(72.3)$(195.8)
Other comprehensive income before reclassification(0.4)1.7 (21.0)(19.7)
Amounts reclassified from accumulated other comprehensive income2.0 (4.3)— (2.3)
Ending balance, June 30, 2024$(131.1)$6.6 $(93.3)$(217.8)
(1) All amounts are net of income taxes.

Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2024 were $2.7 million of charges to pension expense, other than service cost, net of $0.7 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $5.8 million of benefit in interest expense, net of $1.5 million income tax provision.

(In millions)
Pension and Other Postretirement Benefits (1)
Derivatives Designated as Hedges (1)
Foreign Currency Translation (1)
Total (1)
Beginning balance, December 31, 2022$(130.9)$14.8 $(88.2)$(204.3)
Other comprehensive income before reclassification— 2.4 5.0 7.4 
Amounts reclassified from accumulated other comprehensive income1.9 (3.7)(1.0)(2.8)
Ending balance, June 30, 2023$(129.0)$13.5 $(84.2)$(199.7)
(1) All amounts are net of income taxes.

Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2023 were $2.5 million of charges to pension expense, other than service cost, net of $0.6 million income tax benefit. Reclassification adjustments for derivatives designated as hedges for the same period were $5.0 million of benefit in interest expense, net of $1.3 million income tax provision. Reclassification adjustments for foreign currency translation related to net investment hedges for the six months ended June 30, 2023 were $1.4 million of benefit in interest expense, net of $0.4 million income tax provision.