Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income (Loss)

14.	Accumulated Other Comprehensive Income (Loss)

Comprehensive income is defined as net income and other changes in stockholders’ equity from transactions and other events from sources other than stockholders.

The components of changes in accumulated other comprehensive income (“AOCI”) are as follows:

										Accumulated
	Foreign			Defined						Other
	Currency			Benefit			Derivative			Comprehensive
	Adjustments			Plans			Agreements			Income (Loss)
Balance December 31, 2017	$	(31.6	)	$	(0.6	)	$	(4.2	)	$	(36.4	)
Adoption of new accounting pronouncements (Note 1)		(0.3	)		0.1			(0.4	)		(0.6	)
Other comprehensive income before reclassifications		(10.6	)		1.9			(9.7	)		(18.4	)
Amounts reclassified to consolidated statement of income^(a)		0.0			0.0			0.0			0.0
Tax benefit (expense)		0.0			(0.5	)		2.3			1.8
Other comprehensive income (loss)		(10.6	)		1.4			(7.4	)		(16.6	)
Balance December 31, 2018	$	(42.5	)	$	0.9		$	(12.0	)	$	(53.6	)
Other comprehensive income (loss) before reclassifications		3.8			(1.3	)		(30.2	)		(27.7	)
Amounts reclassified to consolidated statement of income^(b)		1.9			0.0			6.1			8.0
Tax benefit (expense)		0.0			0.4			6.2			6.6
Other comprehensive income (loss)		5.7			(0.9	)		(17.9	)		(13.1	)
Balance December 31, 2019	$	(36.8	)	$	0.0		$	(29.9	)	$	(66.7	)
Other comprehensive income (loss) before reclassifications		10.4			0.0			(34.8	)		(24.4	)
Amounts reclassified to consolidated statement of income^(b)		0.0			0.0			5.8			5.8
Tax benefit (expense)		0.0			0.0			7.7			7.7
Other comprehensive income (loss)		10.4			0.0			(21.3	)		(10.9	)
Balance December 31, 2020	$	(26.4	)	$	0.0		$	(51.2	)	$	(77.6	)

⁽^a⁾	Amounts reclassified to cost of sales or interest expense.

^(b)	Amounts reclassified to cost of sales, selling, general and administrative expenses, or interest expense.