Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) consisted of the following:


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at March 31, 2022	$	12.6	$	36.3	$	48.9
Foreign currency translation adjustments, net of tax benefit of $1.5	(18.2)		—		(18.2)
Unrealized gain on derivative contracts, net of tax expense of $3.8	—		11.0		11.0
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax benefit of $1.2(1)	—		3.4		3.4
Balance at June 30, 2022	$	(5.6)	$	50.7	$	45.1

(1) Includes amortization of off-market swap value and accumulated loss at hedge de-designation of $4.6 million for the three months ended June 30, 2022.


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain (Loss) on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at December 31, 2021	$	17.2	$	(10.3)	$	6.9
Foreign currency translation adjustments, net of tax benefit of $2.2	(22.8)		—		(22.8)
Unrealized gain on derivative contracts, net of tax expense of $18.4	—		53.3		53.3
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax benefit of $2.7 (1)	—		7.7		7.7
Balance at June 30, 2022	$	(5.6)	$	50.7	$	45.1

(1) Includes interest expense recognized of $1.2 million and amortization of off-market swap value and accumulated loss at hedge de-designation of $9.2 million for the six months ended June 30, 2022.


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at March 31, 2023	$	(6.6)	$	70.2	$	63.6
Foreign currency translation adjustments, net of tax expense of $0.5	2.8		—		2.8
Unrealized gain on derivative contracts, net of tax expense of $6.6	—		19.3		19.3
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax expense of $2.2 (1)	—		(6.8)		(6.8)
Balance at June 30, 2023	$	(3.8)	$	82.7	$	78.9

(1) Includes a reduction to interest expense recognized of $13.5 million related to the cash flow hedge gain for the three months ended June 30, 2023, partially offset by an increase to interest expense for the amortization of off-market swap value and accumulated loss at hedge de-designation of $4.5 million.


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	(10.0)	$	81.4	$	71.4
Foreign currency translation adjustments, net of tax expense of $0.9	6.2		—		6.2
Unrealized gain on derivative contracts, net of tax expense of $4.7	—		13.7		13.7
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax expense of $4.2 (1)	—		(12.4)		(12.4)
Balance at June 30, 2023	$	(3.8)	$	82.7	$	78.9

(1) Includes a reduction to interest expense recognized of $25.7 million related to the cash flow hedge gain for the six months ended June 30, 2023, partially offset by an increase to interest expense for the amortization of off-market swap value and accumulated loss at hedge de-designation of $9.1 million.