Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Components of Other Comprehensive Income (Loss) and Income Tax Expense Allocated to Each Component

The components of other comprehensive income (loss) and income tax expense allocated to each component for the years ended December 31, 2021, 2020 and 2019 were as follows:

	2021								2020									2019
	Before Tax Amount			Income Tax		Net of Tax Amount			Before Tax Amount			Income Tax			Net of Tax Amount			Before Tax Amount			Income Tax			Net of Tax Amount
Translation adjustments	$	(11.1	)	$	—	$	(11.1	)	$	27.8		$	—		$	27.8		$	7.0		$	—		$	7.0
Adjustment for net periodic pension and OPEB plan cost		123.0			31.3		91.7			10.3			3.1			7.2			(39.8	)		(9.3	)		(30.5	)
Changes in fair value of derivatives		13.5			3.4		10.1			(15.6	)		(3.6	)		(12.0	)		1.0			—			1.0
Other comprehensive income (loss)	$	125.4		$	34.7	$	90.7		$	22.5		$	(0.5	)	$	23.0		$	(31.8	)	$	(9.3	)	$	(22.5	)

Summary of Changes in Accumulated Other Comprehensive Loss

The following table summarizes changes in accumulated other comprehensive loss by component for the years ended December 31, 2021, 2020 and 2019:

	Changes in the Fair Value of Derivatives			Pension and OPEB Plan Cost			Translation Adjustments			Total
Balance at January 1, 2019	$	—		$	(155.2	)	$	1.4		$	(153.8	)
Other comprehensive income (loss) before reclassifications		1.1			(29.7	)		3.0			(25.6	)
Amounts reclassified from accumulated other comprehensive loss		(0.1	)		(0.8	)		4.1			3.2
Net change in accumulated other comprehensive loss		1.0			(30.5	)		7.1			(22.4	)
Balance at December 31, 2019	$	1.0		$	(185.7	)	$	8.5		$	(176.2	)
Other comprehensive income (loss) before reclassifications		(15.4	)		2.8			27.1			14.5
Amounts reclassified from accumulated other comprehensive loss		3.4			4.4			—			7.8
Net change in accumulated other comprehensive loss		(12.0	)		7.2			27.1			22.3
Balance at December 31, 2020	$	(11.0	)	$	(178.5	)	$	35.6		$	(153.9	)
Other comprehensive (loss) income before reclassifications		(1.8	)		87.3			(11.0	)		74.5
Amounts reclassified from accumulated other comprehensive loss		11.9			4.4			—			16.3
Net change in accumulated other comprehensive loss		10.1			91.7			(11.0	)		90.8
Balance at December 31, 2021	$	(0.9	)	$	(86.8	)	$	24.6		$	(63.1	)

Reclassifications from Accumulated Other Comprehensive Loss

Reclassifications from accumulated other comprehensive loss for the year ended December 31, 2021, 2020 and 2019 were as follows:

	2021			2020			2019			Classification in the Consolidated Statements of Operations
Translation Adjustments:
Net realized loss	$	—		$	—		$	4.1		(a)
Reclassifications, net of tax	$	—		$	—		$	4.1
Amortization of pension and OPEB plan cost:
Net actuarial loss	$	10.8		$	9.3		$	4.4		(b)
Net prior service credit		(5.4	)		(5.3	)		(5.4	)	(b)
Curtailments and settlements		0.4			1.4			(0.1	)	(b)
Reclassifications before tax		5.8			5.4			(1.1	)
Income tax benefit (expense)		1.4			1.0			(0.3	)
Reclassifications, net of tax	$	4.4		$	4.4		$	(0.8	)
Derivatives:
Net realized loss (gain)	$	11.9		$	3.4		$	(0.1	)	(c)
Reclassifications, net of tax	$	11.9		$	3.4		$	(0.1	)
Total reclassifications, net of tax	$	16.3		$	7.8		$	3.2

(a)	Included within selling, general and administrative expenses in the Consolidated Statements of Operations.

(b)	These accumulated other comprehensive (loss) income components are included in the calculation of net periodic pension and OPEB plan (income) expense recognized in cost of sales and net investment and other income in the Consolidated Statements of Operations (see Note 9, Retirement Plans).

(c)	Included within net interest expense in the Consolidated Statements of Operations.