OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

12 Months Ended

Dec. 31, 2020

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

10. OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

Other comprehensive income (loss) includes net income, foreign currency translation adjustments, unrecognized gains and losses on securities, defined benefit pension and postretirement plan adjustments, gains and losses on derivative instruments designated and effective as cash flow hedges and non-derivative instruments designated and effective as foreign currency net investment hedges that are charged or credited to the accumulated other comprehensive loss account in shareholders’ equity.

The following table provides other comprehensive income (loss) information related to the Company’s derivatives and hedging instruments and pension and postretirement benefits. See Note 9 for additional information related to the Company’s derivatives and hedging transactions. See Note 17 for additional information related to the Company’s pension and postretirement benefits activity.

(millions)	2020		2019		2018
Derivative and Hedging Instruments
Unrealized (losses) gains on derivative & hedging instruments
Amount recognized in AOCI		($93.3)		$78.1		$144.4
(Gains) losses reclassified from AOCI into income
COS		(10.1)		(15.4)		7.7
SG&A		108.3		(39.5)		(84.1)
Interest (income) expense, net		(25.1)		(27.8)		(31.9)
		73.1		(82.7)		(108.3)
Other activity		(0.3)		0.8		-
Tax impact		3.5		0.4		(7.7)
Net of tax		($17.0)		($3.4)		$28.4
Pension and Postretirement Benefits
Amount recognized in AOCI
Current period net actuarial loss and prior service costs		($189.9)		($326.3)		($56.5)
Amount reclassified from AOCI into income
Amortization of net actuarial loss and prior service costs and benefits		68.1		0.4		28.4
Pension and postretirement benefits changes		-		-		59.3
		(121.8)		(325.9)		31.2
Tax impact		43.7		74.3		(13.2)
Net of tax		($78.1)		($251.6)		$18.0