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Accumulated other comprehensive income or loss (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of changes in components of AOCI
The following table presents changes in the components of AOCI:
(in millions)
Foreign currency translationDerivative instrumentsDefined benefit plansTotal
Balance at March 31, 2022
$(48.8)$— $(20.5)$(69.3)
Unrealized (loss) gain
(71.0)7.3 — (63.7)
Reclassification of gain into earnings
— (1.1)— (1.1)
Change due to income taxes(12.7)(1.5)— (14.2)
Balance at June 30, 2022
$(132.5)$4.7 $(20.5)$(148.3)
Balance at March 31, 2021
$13.6 $(1.2)$(28.5)$(16.1)
Unrealized gain (loss)
16.5 (1.2)— 15.3 
Reclassification of loss (gain) into earnings
— 1.5 (0.2)1.3 
Change due to income taxes1.0 (0.1)— 0.9 
Balance at June 30, 2021
$31.1 $(1.0)$(28.7)$1.4 
Balance at December 31, 2021
$(19.2)$0.4 $(24.4)$(43.2)
Unrealized (loss) gain
(98.0)7.0 4.6 (86.4)
Reclassification of gain into earnings
— (1.3)(0.1)(1.4)
Change due to income taxes(15.3)(1.4)(0.6)(17.3)
Balance at June 30, 2022
$(132.5)$4.7 $(20.5)$(148.3)
Balance at December 31, 2020
$51.8 $(1.0)$(29.1)$21.7 
Unrealized loss
(17.0)(2.1)— (19.1)
Reclassification of loss into earnings
— 2.2 0.4 2.6 
Change due to income taxes(3.7)(0.1)— (3.8)
Balance at June 30, 2021
$31.1 $(1.0)$(28.7)$1.4 
The reclassifications and income tax effects shown above were immaterial to the financial statements. The reclassifications were made to either cost of sales or SG&A expenses depending upon the nature of the underlying transaction. The income tax effects in the three and six months ended June 30, 2022 on foreign currency translation were due to our net investment hedge and cross-currency swap discussed in note 14.