Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

11. Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) and income tax (benefit) expense allocated to each component for the three and six months ended June 30, 2020 and 2019 were as follows:

	Three Months Ended									Six Months Ended
	June 30, 2020									June 30, 2020
	Before						Net of			Before						Net of
	Tax			Income			Tax			Tax			Income			Tax
	Amount			Tax			Amount			Amount			Tax			Amount
Translation adjustments	$	6.8		$	—		$	6.8		$	(13.2	)	$	—		$	(13.2	)
Adjustments for net periodic pension and OPEB cost		1.0			0.3			0.7			2.0			0.5			1.5
Change in fair value of derivatives		(1.8	)		(0.5	)		(1.3	)		(17.5	)		(4.2	)		(13.3	)
Other comprehensive income (loss)	$	6.0		$	(0.2	)	$	6.2		$	(28.7	)	$	(3.7	)	$	(25.0	)

	Three Months Ended									Six Months Ended
	June 30, 2019									June 30, 2019
	Before						Net of			Before						Net of
	Tax			Income			Tax			Tax			Income			Tax
	Amount			Tax			Amount			Amount			Tax			Amount
Translation adjustments	$	(3.2	)	$	—		$	(3.2	)	$	(2.0	)	$	—		$	(2.0	)
Adjustments for net periodic pension and OPEB cost		(0.2	)		—			(0.2	)		(0.5	)		(0.1	)		(0.4	)
Other		—			(0.9	)		0.9			—			(1.5	)		1.5
Other comprehensive loss	$	(3.4	)	$	(0.9	)	$	(2.5	)	$	(2.5	)	$	(1.6	)	$	(0.9	)

Accumulated other comprehensive loss by component as of December 31, 2019 and June 30, 2020, and changes during the six months ended June 30, 2020, were as follows:

	Changes in the Fair Value of Derivatives			Pension and OPEB Cost			Translation Adjustments			Total
Balance at December 31, 2019	$	1.0		$	(185.7	)	$	8.5		$	(176.2	)
Other comprehensive loss before reclassifications		(14.1	)		—			(13.0	)		(27.1	)
Amounts reclassified from accumulated other comprehensive loss		0.8			1.5			—			2.3
Net change in accumulated other comprehensive loss		(13.3	)		1.5			(13.0	)		(24.8	)
Balance at June 30, 2020	$	(12.3	)	$	(184.2	)	$	(4.5	)	$	(201.0	)

Accumulated other comprehensive loss by component as of December 31, 2018 and June 30, 2019, and changes during the six months ended June 30, 2019, were as follows:

	Pension and OPEB Cost			Translation Adjustments			Other		Total
Balance at December 31, 2018	$	(155.2	)	$	1.4		$	—	$	(153.8	)
Other comprehensive income before reclassifications		—			2.4			1.5		3.9
Amounts reclassified from accumulated other comprehensive loss		(0.4	)		(4.5	)		—		(4.9	)
Net change in accumulated other comprehensive loss		(0.4	)		(2.1	)		1.5		(1.0	)
Balance at June 30, 2019	$	(155.6	)	$	(0.7	)	$	1.5	$	(154.8	)

Reclassifications from accumulated other comprehensive loss for the three and six months ended June 30, 2020 and 2019 were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,						Classification in the Condensed
	2020			2019			2020			2019			Consolidated Statements of Operations
Translation Adjustments:
Net realized gain, before tax	$	—		$	—		$	—		$	(4.5	)	Other operating expense (income)
Reclassification, net of tax	$	—		$	—		$	—		$	(4.5	)

Amortization of pension and OPEB cost:
Net actuarial loss	$	1.4		$	0.7		$	3.0		$	2.2		Investment and other income-net
Net prior service credit		(0.4	)		(0.9	)		(1.0	)		(2.7	)	Investment and other income-net
Reclassifications before tax		1.0			(0.2	)		2.0			(0.5	)
Income tax expense (benefit)		0.3			—			0.5			(0.1	)
Reclassification, net of tax		0.7			(0.2	)	$	1.5		$	(0.4	)

Derivatives:
Net realized loss	$	1.0		$	—		$	0.8		$	—		Interest expense-net
Reclassification, net of tax		1.0			—			0.8			—
Total reclassifications, net of tax	$	1.7		$	(0.2	)	$	2.3		$	(4.9	)