XML 42 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1
Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Loss

21.  Accumulated Other Comprehensive Loss

The after-tax components of our accumulated comprehensive loss attributable to controlling interests consist of the following (in millions):  

 

 

 

Pension

Liability

 

 

Foreign

Currency

Translation

 

 

Fair Value

of Derivative

Instruments

 

 

Accumulated

Comprehensive

Earnings

(Loss)

 

Balance as of January 1, 2019

 

$

(61.2

)

 

$

(719.0

)

 

$

(5.4

)

 

$

(785.6

)

Cumulative effect of adoption of new

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

accounting standards

 

 

—

 

 

 

—

 

 

 

(0.2

)

 

 

(0.2

)

Net change in period

 

 

4.7

 

 

 

44.2

 

 

 

(22.7

)

 

 

26.2

 

Balance as of December 31, 2019

 

 

(56.5

)

 

 

(674.8

)

 

 

(28.3

)

 

 

(759.6

)

Net change in period

 

 

0.4

 

 

 

183.7

 

 

 

(68.1

)

 

 

116.0

 

Balance as of December 31, 2020

 

 

(56.1

)

 

 

(491.1

)

 

 

(96.4

)

 

 

(643.6

)

Net change in period

 

 

19.0

 

 

 

(122.3

)

 

 

20.8

 

 

 

(82.5

)

Balance as of December 31, 2021

 

$

(37.1

)

 

$

(613.4

)

 

$

(75.6

)

 

$

(726.1

)

 

The foreign currency translation in 2021, 2020 and 2019 relates to the net impact of changes in the value of the local currencies relative to the U.S. dollar for our operations in the U.K., Australia, Canada, New Zealand, the Caribbean, India and other non-U.S. locations.  

During 2021, 2020 and 2019, $5.8 million, $6.1 million and $7.0 million, respectively, of expense related to the pension liability was reclassified from accumulated other comprehensive loss to compensation expense in the statement of earnings.  During 2021, 2020 and 2019, $5.8 million of expense, $6.3 million of expense and $5.2 million of expense, respectively, related to the fair value of derivative investments, was reclassified from accumulated other comprehensive loss to the statement of earnings.  During 2021, 2020 and 2019, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive loss to the statement of earnings.