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Accumulated Other Comprehensive Loss (Income) (Tables)
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss (Income)

The accumulated balances for each classification of comprehensive loss (income) are presented below:

 

  

Foreign

Currency

Translation

Adjustments

  

Change in

Fair Value

of Hedging

Instrument

  

Unrecognized Pension

Benefit Costs

  

Accumulated

Other

Comprehensive

(Income)

 
   (in millions) 
Balance at January 1, 2023  $(79.8)  $0.3   $33.1   $(46.4)
Change during the period   1.7    (0.2)   (2.0)   (0.5)
Balance at March 31, 2023   (78.1)   0.1    31.1    (46.9)
Change during the period   1.6    (0.1)   0.3    1.8 
Balance at June 30, 2023  $(76.5)  $   $31.4   $(45.1)

 

  

Foreign

Currency

Translation

Adjustments

  

Change in

Fair Value

of Hedging

Instrument

  

Unrecognized Pension

Benefit Costs

  

Accumulated

Other

Comprehensive

(Income)

 
   (in millions) 
Balance at January 1, 2022  $(71.5)  $1.0   $26.7   $(43.8)
Change during the period   (2.4)   (0.2)   (0.7)   (3.3)
Balance at March 31, 2022   (73.9)   0.8    26.0    (47.1)
Change during the period   (5.8)   (0.2)   (2.6)   (8.6)
Balance at June 30, 2022  $(79.7)  $0.6   $23.4   $(55.7)

 

In connection with the issuance of Senior Secured Notes and the entry into a Super Senior Revolving Credit Facility Agreement, on May 19, 2021, the Company terminated all of its interest rate swaps. Accordingly, hedge accounting is no longer applicable. The amounts previously recorded in Accumulated Other Comprehensive Income are amortized into Interest expense over the terms of the hedged forecasted interest payments. Losses reclassified from Accumulated Other Comprehensive Income into Interest expense in the Consolidated Statements of Operations and Income for the six months ended June 30, 2023 and June 30, 2022 amounted to $0.3 million and $0.4 million, respectively.