BUSINESS OVERVIEW (Tables)

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Reclassification of Accumulated Other Comprehensive Income

The changes in AOCI by component are summarized below ($ in millions):

	Foreign currency translation adjustments		Pension & post-retirement plan benefit adjustments (a)			Total
For the Three Months Ended June 30, 2023:
Balance, March 31, 2023	$	(288.0)	$	(24.3)		$	(312.3)
Other comprehensive income (loss) before reclassifications, net of income taxes	(7.4)		—			(7.4)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—		(0.5)		(b)	(0.5)
Income tax impact	—		0.3			0.3
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—		(0.2)			(0.2)
Net current period other comprehensive income (loss), net of income taxes	(7.4)		(0.2)			(7.6)
Balance, June 30, 2023	$	(295.4)	$	(24.5)		$	(319.9)
For the Three Months Ended July 1, 2022:
Balance, April 1, 2022	$	(162.1)	$	(61.8)		$	(223.9)
Other comprehensive income (loss) before reclassifications, net of income taxes	(121.3)		—			(121.3)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	2.7		0.5		(b)	3.2
Income tax impact	—		(0.1)			(0.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	2.7		0.4			3.1
Net current period other comprehensive income (loss), net of income taxes	(118.6)		0.4			(118.2)
Balance, July 1, 2022	$	(280.7)	$	(61.4)		$	(342.1)

	Foreign currency translation adjustments		Pension & post-retirement plan benefit adjustments (a)			Total
For the Six Months Ended June 30, 2023:
Balance, December 31, 2022	$	(301.4)	$	(24.3)		$	(325.7)
Other comprehensive income (loss) before reclassifications, net of income taxes	6.0		—			6.0
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—		(0.4)		(b)	(0.4)
Income tax impact	—		0.2			0.2
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—		(0.2)			(0.2)
Net current period other comprehensive income (loss)	6.0		(0.2)			5.8
Balance, June 30, 2023	$	(295.4)	$	(24.5)		$	(319.9)
For the Six Months Ended July 1, 2022:
Balance, December 31, 2021	$	(122.7)	$	(62.3)		$	(185.0)
Other comprehensive income (loss) before reclassifications, net of income taxes	(160.7)		—			(160.7)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	2.7		1.1		(b)	3.8
Income tax impact	—		(0.2)			(0.2)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	2.7		0.9			3.6
Net current period other comprehensive income (loss)	(158.0)		0.9			(157.1)
Balance, July 1, 2022	$	(280.7)	$	(61.4)		$	(342.1)
(a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(b) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12 in our most recently filed Form 10-K for additional details).