Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities

Schedule of gains and losses on derivatives

	Three months ended		Six months ended
	June 30,		June 30,
	2021		2021
	(in millions)
Interest rate swap contracts(1)
Gain recorded in AOCI on derivatives, before tax	$	2.9	$	8.5
Tax impact		(0.7)		(2.0)
Gain recorded in AOCI on derivatives, net	$	2.2	$	6.5

(1) Gains (losses) on derivatives reclassified from AOCI into income are included in “Interest expense” in the unaudited condensed consolidated statements of operations, the same line item as the earnings effect of the hedged item. Losses recognized for the three and six months ended June 30, 2021 total $3.8 million and $9.5 million, respectively.