OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

12 Months Ended

Dec. 31, 2023

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

9. OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

Other comprehensive income (loss) includes net income, foreign currency translation adjustments, 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 AOCI 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. Refer to Note 8 for additional information related to the Company’s derivatives and hedging transactions. Refer to Note 16 for additional information related to the Company’s pension and postretirement benefits activity.

(millions)	2023		2022		2021
Derivative and Hedging Instruments
Unrealized (loss) gain on derivative & hedging instruments
Amount recognized in AOCI		($12.8)		$112.9		$87.5
(Gain) loss reclassified from AOCI into income
COS		(10.6)		(6.4)		11.0
SG&A		18.9		(95.0)		(47.6)
Interest (income) expense, net		(5.8)		(11.6)		(18.7)
		2.5		(113.0)		(55.3)
Other activity		-		1.1		(1.7)
Tax impact		2.5		(2.2)		(4.5)
Net of tax		($7.8)		($1.2)		$26.0
Pension and Postretirement Benefits
Amount recognized in AOCI
Current period net (loss) gain		($80.7)		$83.3		$270.7
Amount reclassified from AOCI into income
Settlement (income) charge		(2.7)		51.6		38.8
Amortization of losses and prior period service credits, net		6.9		47.7		78.6
		4.2		99.3		117.4
Tax impact		21.4		(52.3)		(98.4)
Net of tax		($55.1)		$130.3		$289.7