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Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Components of Other Comprehensive Income (Loss) and Income Tax Expense (Benefit) Allocated to Each Component

The components of other comprehensive (loss) income and income tax (benefit) expense allocated to each component for the years ended December 31, 2022, 2021 and 2020 were as follows:

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

Before Tax

 

 

Income Tax

 

 

Net of Tax

 

 

Before Tax

 

 

Income Tax

 

 

Net of Tax

 

 

Before Tax

 

 

Income Tax

 

 

Net of Tax

 

Translation adjustments

 

$

(1.6

)

 

$

(0.2

)

 

$

(1.4

)

 

$

(0.8

)

 

$

(0.1

)

 

$

(0.7

)

 

$

0.7

 

 

$

0.2

 

 

$

0.5

 

Adjustment for net periodic pension and other postretirement benefits plans

 

 

(4.8

)

 

 

(1.3

)

 

 

(3.5

)

 

 

4.4

 

 

 

1.2

 

 

 

3.2

 

 

 

4.6

 

 

 

1.3

 

 

 

3.3

 

Other comprehensive (loss) income

 

$

(6.4

)

 

$

(1.5

)

 

$

(4.9

)

 

$

3.6

 

 

$

1.1

 

 

$

2.5

 

 

$

5.3

 

 

$

1.5

 

 

$

3.8

 

Schedule of Changes in Accumulated Other Comprehensive Loss

The following table summarizes changes in accumulated other comprehensive loss by component for the years ended December 31, 2022, 2021 and 2020:

 

 

Pension and Other Postretirement Benefits Plans Cost

 

 

Translation Adjustments

 

 

Total

 

Balance at December 31, 2019

 

$

(70.9

)

 

$

(13.7

)

 

$

(84.6

)

Other comprehensive income before reclassifications

 

 

 

 

 

0.5

 

 

 

0.5

 

Amounts reclassified from accumulated other comprehensive loss

 

 

3.3

 

 

 

 

 

 

3.3

 

Net change in accumulated other comprehensive loss

 

 

3.3

 

 

 

0.5

 

 

 

3.8

 

Balance at December 31, 2020

 

$

(67.6

)

 

$

(13.2

)

 

$

(80.8

)

Other comprehensive loss before reclassifications

 

 

 

 

 

(0.3

)

 

 

(0.3

)

Amounts reclassified from accumulated other comprehensive loss

 

 

3.2

 

 

 

(0.4

)

 

 

2.8

 

Net change in accumulated other comprehensive loss

 

 

3.2

 

 

 

(0.7

)

 

 

2.5

 

Balance at December 31, 2021

 

$

(64.4

)

 

$

(13.9

)

 

$

(78.3

)

Other comprehensive loss before reclassifications

 

 

 

 

 

(1.4

)

 

 

(1.4

)

Amounts reclassified from accumulated other comprehensive loss

 

 

(3.5

)

 

 

 

 

 

(3.5

)

Net change in accumulated other comprehensive loss

 

 

(3.5

)

 

 

(1.4

)

 

 

(4.9

)

Balance at December 31, 2022

 

$

(67.9

)

 

$

(15.3

)

 

$

(83.2

)

Reclassifications from Accumulated Other Comprehensive Loss, Amortization of Pension Plan Cost

Reclassifications from accumulated other comprehensive loss for the years ended December 31, 2022, 2021 and 2020 were as follows:

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Amortization of pension and other postretirement benefits plans cost:

 

 

 

 

 

 

 

 

 

Net actuarial loss (a)

 

$

3.3

 

 

$

3.8

 

 

$

3.1

 

Reclassification of translation adjustment (b)

 

 

 

 

 

(0.5

)

 

 

 

Reclassifications before tax

 

 

3.3

 

 

 

3.3

 

 

 

3.1

 

Income tax expense

 

 

0.9

 

 

 

1.1

 

 

 

0.9

 

Reclassifications, net of tax

 

$

2.4

 

 

$

2.2

 

 

$

2.2

 

___________

(a)
These accumulated other comprehensive loss components are included in the calculation of net periodic pension and other postretirement benefits plans income recognized in investment and other income, net, in the audited Consolidated Statements of Operations (see Note 7, Retirement Plans).
(b)
Translation adjustment reclassification resulting from the liquidation of a foreign subsidiary is included in investment and other income, net in the audited Consolidated Statements of Operations.