Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss).

Accumulated Other Comprehensive Income (Loss)

NOTE 22—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
Year Ended December 31, 2021, 2020 and 2019	Adjustments		Plans, Net		Hedges, Net		Total
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)
Other comprehensive loss		(2.3)		(18.3)		(9.0)		(29.6)
Amounts reclassified from AOCI to net income(1)		—		2.7		3.2		5.9
Balance as of December 31, 2020	$	(109.0)	$	(71.9)	$	(5.2)	$	(186.1)
Other comprehensive income (loss)		(5.3)		28.4		3.4		26.5
Amounts reclassified from AOCI to net income(1)		—		9.9		2.5		12.4
Balance as of December 31, 2021	$	(114.3)	$	(33.6)	$	0.7	$	(147.2)

(1) The following is a summary of amounts reclassified from AOCI to net income for the years ended December 31, 2021, 2020, and 2019.

	Amount Reclassified from AOCI
	Year Ended December 31,						Statement of Operations
AOCI Components	2021		2020		2019		Classification
Cash flow hedging items
Foreign exchange cash flow hedges	$	(1.0)	$	0.8	$	(6.7)	Cost of sales
Interest rate swaps		3.5		2.4		(0.9)	Interest expense, net
Total before tax		2.5		3.2		(7.6)
Tax effect		—		—		—	Provision for income taxes
Total, net of tax	$	2.5	$	3.2	$	(7.6)
Amortization of pension and other postretirement benefit plan items
Prior service credit	$	(0.9)	$	(1.2)	$	(1.1)	(a)
Net actuarial loss		7.1		4.4		3.4	(a)
Curtailment and settlement loss		8.4		0.7		0.8	(a)
Total before tax		14.6		3.9		3.1
Tax effect		(4.7)		(1.2)		(1.0)	Provision for income taxes
Total, net of tax	$	9.9	$	2.7	$	2.1

(a) These AOCI components are included in the computation of net periodic benefit costs. Refer to Note 17 for further information.

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