Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

16. ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss as of December 31 are as follows:

		2023		2022
Currency translation	$	(10.6)	$	(14.6)
Pension liability		(167.2)		(138.1)
Postretirement benefits liability		(0.1)		(0.1)
Accumulated other comprehensive loss	$	(177.9)	$	(152.8)

The following table represents the total amounts of actuarial losses recognized that were reclassified from accumulated other comprehensive loss for the years ended December 31, 2023 and 2022:

	2023		2022
	Amortization of Pension ‎and Other ‎Postretirement Benefits Items		Amortization of Pension ‎and Other ‎Postretirement Benefits Items
	Actuarial Losses ‎Recognized		Actuarial Losses ‎Recognized
Affected Line in Consolidated ‎Statement of Income:
Non-operating expenses, net(A)	$	1.1	$	45.0
Tax benefit		(0.3)		(11.6)
Total reclassifications for the period, net of tax	$	0.8	$	33.4

^(A) Includes a pension settlement charge of $27.0 million in 2022.

The following table represents the activity included in accumulated other comprehensive loss for the years ended December 31, 2023 and 2022:

	2023						2022
	Foreign ‎Currency		Pension and ‎Other ‎Postretirement ‎Benefits		Total		Foreign ‎Currency		Pension and ‎Other ‎Postretirement ‎Benefits		Total
Beginning balance January 1,	$	(14.6)	$	(138.2)	$	(152.8)	$	(5.0)	$	(175.5)	$	(180.5)
Other comprehensive income (loss) before reclassifications		4.0		—		4.0		(9.6)		—		(9.6)
Amounts reclassified from accumulated other comprehensive loss (net of tax $(0.3) and $(11.6))		—		0.8		0.8		—		33.4		33.4
Actuarial (loss) gain, (net of tax $10.4 and $(1.4))		—		(29.9)		(29.9)		—		3.9		3.9
Net current-period other comprehensive income (loss)		4.0		(29.1)		(25.1)		(9.6)		37.3		27.7
Ending balance December 31,	$	(10.6)	$	(167.3)	$	(177.9)	$	(14.6)	$	(138.2)	$	(152.8)