ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

12 Months Ended

Dec. 31, 2023

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

Changes in accumulated other comprehensive income/(loss), net of tax, by component are summarized below:


(In millions)	Foreign Currency Translation Adjustments		Pension and Post-Retirement Plan Benefit Adjustments		Total
Balance, December 31, 2020	$	(152.2)	$	(52.6)	$	(204.8)
Other comprehensive income/(loss) before reclassifications	(27.4)		—		(27.4)
Amounts reclassified from accumulated other comprehensive income/(loss) (1)(2)	—		3.6		3.6
Net other comprehensive income/(loss)	(27.4)		3.6		(23.8)
Balance, December 31, 2021	$	(179.6)	$	(49.0)	$	(228.6)
Other comprehensive income/(loss) before reclassifications(1)	(11.7)		4.9		(6.8)
Amounts reclassified from accumulated other comprehensive income/(loss) (2)(3)	—		4.0		4.0
Net other comprehensive income/(loss)	(11.7)		8.9		(2.8)
Balance, December 31, 2022	$	(191.3)	$	(40.1)	$	(231.4)
Other comprehensive income/(loss) before reclassifications(1)	12.0		(3.3)		8.7
Amounts reclassified from accumulated other comprehensive income/(loss) (2)(3)	—		1.6		1.6
Net other comprehensive income/(loss)	12.0		(1.7)		10.3
Balance, December 31, 2023	$	(179.3)	$	(41.8)	$	(221.1)

(1) Net of tax (benefit)/expense of $(1.1) million and $1.8 million for 2023 and 2022, respectively.

(2) This accumulated other comprehensive income/(loss) component is included in the computation of net periodic pension cost (refer to Note 7 - Employee Benefit Plans for additional details) and is included in the “Other income/(expense), net” line of the Company’s consolidated statements of income.

(3) Net of tax expense of $0.5 million, $1.8 million and $1.5 million for 2023, 2022, and 2021, respectively.

Amounts related to noncontrolling interests were not material.