Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in the Company’s accumulated other comprehensive income (AOCI), net of tax, by component for the three months ended September 30, 2020:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2020	$	(284.3)	$	(0.4)	$	(11.6)	$	(137.5)	$	(0.6)	$	(434.4)
Other comprehensive income (loss) before reclassifications (1)	(9.9)		(0.4)		3.0		—		—		(7.3)
Amounts reclassified from AOCI	—		—		(0.4)		2.1		—		1.7
Net current-period other comprehensive income (loss)	(9.9)		(0.4)		2.6		2.1		—		(5.6)
Balance at September 30, 2020	$	(294.2)	$	(0.8)	$	(9.0)	$	(135.4)	$	(0.6)	$	(440.0)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $0.1 translation attributable to noncontrolling interests.

The following table summarizes the changes in the Company’s AOCI, net of tax, by component for the three months ended September 30, 2019:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2019	$	(174.7)	$	(1.8)	$	5.9	$	(117.2)	$	0.2	$	(287.6)
Other comprehensive income (loss) before reclassifications (1)	(90.7)		(0.2)		(3.0)		—		—		(93.9)
Amounts reclassified from AOCI	—		—		0.8		2.2		—		3.0
Net current-period other comprehensive income (loss)	(90.7)		(0.2)		(2.2)		2.2		—		(90.9)
Balance at September 30, 2019	$	(265.4)	$	(2.0)	$	3.7	$	(115.0)	$	0.2	$	(378.5)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $(1.0) of translation attributable to noncontrolling interests.

The following table summarizes the changes in the Company’s AOCI, net of tax, by component for the nine months ended September 30, 2020:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2020	$	(231.5)	$	(2.6)	$	5.2	$	(146.6)	$	0.2	$	(375.3)
Other comprehensive income (loss) before reclassifications (1)	(62.7)		1.8		(19.1)		—		(0.8)		(80.8)
Amounts reclassified from AOCI	—		—		4.9		11.2		—		16.1
Net current-period other comprehensive income (loss)	(62.7)		1.8		(14.2)		11.2		(0.8)		(64.7)
Balance at September 30, 2020	$	(294.2)	$	(0.8)	$	(9.0)	$	(135.4)	$	(0.6)	$	(440.0)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $1.4 of translation attributable to noncontrolling interests.

The following table summarizes the changes in the Company’s AOCI, net of tax, by component for the nine months ended September 30, 2019:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2019	$	(192.1)	$	(1.9)	$	10.6	$	(121.0)	$	0.1	$	(304.3)
Other comprehensive income (loss) before reclassifications (1)	(73.3)		(0.1)		(8.7)		—		0.1		(82.0)
Amounts reclassified from AOCI	—		—		1.8		6.0		—		7.8
Net current-period other comprehensive income (loss)	(73.3)		(0.1)		(6.9)		6.0		0.1		(74.2)
Balance at September 30, 2019	$	(265.4)	$	(2.0)	$	3.7	$	(115.0)	$	0.2	$	(378.5)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes nominal translation attributable to noncontrolling interests.

The following table summarizes the details about the amounts reclassified from AOCI:

Reclassification out of Accumulated Other Comprehensive Income

	Three Months Ended				Nine Months Ended				Affected Line Item in the Statement of Operations
	September 30,				September 30,
	2020		2019		2020		2019
Interest rate hedges	$	(0.4)	$	0.8	$	4.9	$	1.8	Interest expense
Pension and post-retirement benefits:
Net actuarial gain (loss) amortization (net of tax of $0.6, $(1.9), $2.4 and $(1.2), respectively)	2.1		2.2		11.2		6.0		(1)
Total reclassifications for the period	$	1.7	$	3.0	$	16.1	$	7.8

(1)    Pension and other post-retirement benefits AOCI components are included in the computation of net periodic benefit cost (refer to note 16).