Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2021

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

ACCUMULATED OTHER COMPREHENSIVE LOSS

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 March 31, 2021:

	Translation		Foreign Currency Hedges		Interest Rate Hedges		Pension and Other Post-retirement Benefits		Other		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2021	$	(256.7)	$	(2.6)	$	(6.1)	$	(146.9)	$	(0.6)	$	(412.9)
Other comprehensive income (loss) before reclassifications (1)	(35.8)		1.6		2.1		—		(0.9)		(33.0)
Amounts reclassified from AOCI	—		—		(0.5)		2.6		—		2.1
Net current-period other comprehensive income (loss)	(35.8)		1.6		1.6		2.6		(0.9)		(30.9)
Balance at March 31, 2021	$	(292.5)	$	(1.0)	$	(4.5)	$	(144.3)	$	(1.5)	$	(443.8)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes a $0.5 translation gain 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 March 31, 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)	(95.3)		0.7		(19.7)		—		(1.2)		(115.5)
Amounts reclassified from AOCI	—		—		4.5		6.8		—		11.3
Net current-period other comprehensive income (loss)	(95.3)		0.7		(15.2)		6.8		(1.2)		(104.2)
Balance at March 31, 2020	$	(326.8)	$	(1.9)	$	(10.0)	$	(139.8)	$	(1.0)	$	(479.5)

(1) Other comprehensive income (loss) before reclassifications within the translation component excludes $1.3 of translation attributable to noncontrolling interests.

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

	Three Months Ended				Affected Line Item on the Statement of Operations
	March 31,
	2021		2020
Interest rate hedge gain/(loss)	$	(0.5)	$	4.5	Interest expense
Pension and post-retirement benefits:
Net actuarial loss amortized (net of tax of $0.5 and $3.5, respectively)	2.6		6.8		Miscellaneous, net
Total reclassifications for the period	$	2.1	$	11.3