ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2024

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 18—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of AOCI, net of income taxes, consisted of:

	Cumulative		Pension & Other
	Translation		Postretirement Benefit			Cash Flow
Three Months Ended June 30, 2024 and 2023	Adjustments		Plans, Net			Hedges, Net	Total
Balance as of March 31, 2024	$	(153.7)	$	16.7	$	(0.4)	$	(137.4)
Other comprehensive income (loss)		(4.4)		—		2.3		(2.1)
Amounts reclassified from AOCI to net income(1)		—		(0.4)		2.5		2.1
Balance as of June 30, 2024	$	(158.1)	$	16.3	$	4.4	$	(137.4)
Balance as of March 31, 2023	$	(140.7)	$	29.3	$	(16.5)	$	(127.9)
Other comprehensive loss		(8.6)		—		(8.5)		(17.1)
Amounts reclassified from AOCI to net income(1)		—		(0.8)		8.7		7.9
Balance as of June 30, 2023	$	(149.3)	$	28.5	$	(16.3)	$	(137.1)

	Cumulative		Pension & Other
	Translation		Postretirement Benefit		Cash Flow
Six Months Ended June 30, 2024 and 2023	Adjustments		Plans, Net		Hedges, Net		Total
Balance at December 31, 2023	$	(141.9)	$	17.1	$	(4.8)	$	(129.6)
Other comprehensive income (loss)		(16.2)		—		2.4		(13.8)
Amounts reclassified from AOCI to net income(1)		—		(0.8)		6.8		6.0
Balance as of June 30, 2024	$	(158.1)	$	16.3	$	4.4	$	(137.4)
Balance at December 31, 2022	$	(151.2)	$	29.0	$	(9.1)	$	(131.3)
Other comprehensive income (loss)		1.9		—		(21.7)		(19.8)
Amounts reclassified from AOCI to net income(1)		—		(0.5)		14.5		14.0
Balance as of June 30, 2023	$	(149.3)	$	28.5	$	(16.3)	$	(137.1)

(1) The following is a summary of amounts reclassified from AOCI to net income (loss) for the three and six months ended June 30, 2024 and 2023:

	Three Months Ended				Six Months Ended
	June 30,				June 30,				Statements of Operations
AOCI Components	2024		2023		2024		2023		Classification
Cash flow hedging items
Commodity cash flow hedges	$	2.8	$	9.7	$	7.6	$	16.1	Cost of sales
Total before tax		2.8		9.7		7.6		16.1
Tax effect		(0.3)		(1.0)		(0.8)		(1.6)	Provision for (benefit from) income taxes
Total, net of tax	$	2.5	$	8.7	$	6.8	$	14.5
Amortization of pension and other postretirement benefit plan items
Prior service credit	$	(0.1)	$	(0.1)	$	(0.2)	$	—	(a)
Net actuarial gain		(0.5)		(1.0)		(0.9)		(0.7)	(a)
Total before tax		(0.6)		(1.1)		(1.1)		(0.7)
Tax effect		0.2		0.3		0.3		0.2	Provision for (benefit from) income taxes
Total, net of tax	$	(0.4)	$	(0.8)	$	(0.8)	$	(0.5)

(a) These AOCI components are included in the computation of net periodic benefit costs (see Note 15).