Accumulated Other Comprehensive Loss (Income)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss (Income)

8. 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, 2024	$	(78.3	)	$	—	$	33.8		$	(44.5	)
Change during the period		(1.0	)		—		(0.3	)		(1.3	)
Balance at March 31, 2024		(79.3	)		—		33.5			(45.8	)
Change during the period		0.2			—		(0.3	)		(0.1	)
Balance at June 30, 2024	$	(79.1	)	$	—	$	33.2		$	(45.9	)

	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	$	(84.2	)	$	0.3		$	33.1		$	(50.8	)
Change during the period		2.9			(0.2	)		(0.2	)		2.5
Balance at March 31, 2023		(81.3	)		0.1			32.9			(48.3	)
Change during the period		2.7			(0.1	)		(0.3	)		2.3
Balance at June 30, 2023	$	(78.6	)	$	—		$	32.6		$	(46.0	)

In connection with the issuance of the Senior Secured Notes, and the entry into the “RCF 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 Accordingly, hedge accounting is no longer applicable.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 were 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, 2024 and June 30, 2023 amounted to $0.0 million and $0.3 million, respectively.