Other Comprehensive Earnings

3 Months Ended

Sep. 30, 2021

Statement of Other Comprehensive Income [Abstract]

Other Comprehensive Earnings

The amounts recognized in other comprehensive (loss) earnings were as follows:

	Three Months Ended						Three Months Ended
	September 30, 2021						September 30, 2020
(in millions)	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation	$	(3.7)	$	—	$	(3.7)	$	9.2	$	—	$	9.2
Employee benefit plans	0.2		(0.1)		0.1		0.2		0.1		0.3
Changes in fair value of cash flow hedges	(0.3)		0.2		(0.1)		1.1		(0.2)		0.9
Total other comprehensive (loss) earnings	$	(3.8)	$	0.1	$	(3.7)	$	10.5	$	(0.1)	$	10.4
	Nine Months Ended						Nine Months Ended
	September 30, 2021						September 30, 2020
(in millions)	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation	$	(6.4)	$	—	$	(6.4)	$	5.1	$	—	$	5.1
Employee benefit plans	0.6		0.1		0.7		0.5		—		0.5
Changes in fair value of cash flow hedges	(2.1)		0.2		(1.9)		0.5		(0.1)		0.4
Total other comprehensive (loss) earnings	$	(7.9)	$	0.3	$	(7.6)	$	6.1	$	(0.1)	$	6.0

The following tables summarize the changes in balances of each component of accumulated other comprehensive loss, net of tax during the nine months ended September 30, 2021 and 2020:

(in millions)	Cash flow hedges		Employee benefit plans		Cumulative foreign currency translation adjustments		Total
Balance at December 31, 2020	$	1.6	$	(22.1)	$	(80.0)	$	(100.5)
Other comprehensive (loss) earnings, net of tax	(1.9)		0.7		(6.4)		(7.6)
Balance at September 30, 2021	$	(0.3)	$	(21.4)	$	(86.4)	$	(108.1)

(in millions)	Cash flow hedges		Employee benefit plans		Cumulative foreign currency translation adjustments		Total
Balance at December 31, 2019	$	0.5	$	(18.7)	$	(93.8)	$	(112.0)
Other comprehensive earnings, net of tax	0.4		0.5		5.1		6.0
Balance at September 30, 2020	$	0.9	$	(18.2)	$	(88.7)	$	(106.0)

The following tables summarize the amounts reclassified from accumulated other comprehensive loss to earnings:

		Three Months Ended September 30,
(in millions)	Statement of Earnings Line	2021		2020
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs	Other (income) expense, net	$	0.2	$	0.2
Tax	Provision for income taxes	(0.1)		0.1
Net of tax		$	0.1	$	0.3
Cash flow hedges:
Net gains reclassified into earnings	Cost of goods sold	$	—	$	(0.6)
Tax	Provision for income taxes	0.1		0.1
Net of tax		$	0.1	$	(0.5)
		Nine Months Ended September 30,
(in millions)	Statement of Earnings Line	2021		2020
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs	Other (income) expense, net	$	0.6	$	0.5
Tax	Provision for income taxes	0.1		—
Net of tax		$	0.7	$	0.5
Cash flow hedges:
Net gains reclassified into earnings	Cost of goods sold	$	(1.9)	$	(0.2)
Tax	Provision for income taxes	0.5		0.1
Net of tax		$	(1.4)	$	(0.1)