Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2019

Shareholders' Equity.

Accumulated Other Comprehensive Income (Loss)

NOTE 21—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of accumulated other comprehensive income (loss), net of income taxes, consisted of:

	Cumulative		Pension & Other
	Translation		Postretirement Benefit		Cash Flow
Years Ended December 31, 2019, 2018, and 2017	Adjustments		Plans, Net		Hedges, Net		Total
Balance at December 31, 2016	$	(119.0)	$	(63.5)	$	12.3	$	(170.2)
Other comprehensive income (loss)		24.5		31.8		(20.7)		35.6
Amounts reclassified from AOCI to net income(1)		—		(13.3)		2.3		(11.0)
Balance at December 31, 2017	$	(94.5)	$	(45.0)	$	(6.1)	$	(145.6)
Other comprehensive income (loss)		(17.3)		2.5		9.3		(5.5)
Amounts reclassified from AOCI to net income(1)		—		3.1		5.7		8.8
Balance at December 31, 2018	$	(111.8)	$	(39.4)	$	8.9	$	(142.3)
Other comprehensive income (loss)		5.1		(19.0)		(0.7)		(14.6)
Amounts reclassified from AOCI to net income(1)		—		2.1		(7.6)		(5.5)
Balance at December 31, 2019	$	(106.7)	$	(56.3)	$	0.6	$	(162.4)

(1) The following is a summary of amounts reclassified from AOCI to net income for the years ended December 31, 2019, 2018, and 2017:

	Amount Reclassified from AOCI
AOCI Components	Year Ended December 31,						Statement of Operations
	2019		2018		2017		Classification
Cash flow hedging items
Foreign exchange cash flow hedges	$	(6.7)	$	6.0	$	2.0	Cost of sales
Interest rate swaps		(0.9)		(0.3)		0.3	Interest expense, net
Total before tax		(7.6)		5.7		2.3
Tax effect		—		—		—	Provision for income taxes
Total, net of tax	$	(7.6)	$	5.7	$	2.3
Amortization of pension and other postretirement benefit plan items
Curtailment and settlement (gain) loss	$	0.8	$	0.6	$	(21.9)	(a)
Prior service credit		(1.1)		(1.0)		(1.9)	(b)
Net actuarial loss		3.4		4.6		6.4	(b)
Total before tax		3.1		4.2		(17.4)
Tax effect		(1.0)		(1.1)		4.1	Provision for income taxes
Total, net of tax	$	2.1	$	3.1	$	(13.3)

(a) The amount for the year ended December 31, 2017 primarily relates to the curtailment of certain of the Company’s pension plans in Europe. Refer to Note 16 for further information.

(b) These AOCI components are included in the computation of net periodic benefit costs. Refer to Note 16 for further information.

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