Accumulated Other Comprehensive Loss A summary of the changes in Accumulated other comprehensive loss (net of tax) for the six months ended June 30, 2021 is provided below (in millions): | | | | | | | | | | | | | | | | | | (debit) credit | Cash flow hedge (loss) gain | Unrealized gain (loss) on available-for- sale securities | Pension and post retirement benefit plan adjustment | Cumulative translation adjustment | Total | BALANCE AT DECEMBER 31, 2020 | $ | (0.7) | | $ | 1.0 | | $ | (212.0) | | $ | (117.5) | | $ | (329.2) | | Other comprehensive income (loss) before reclassifications | (0.5) | | (0.1) | | — | | 2.7 | | 2.1 | | Amounts reclassified from accumulated other comprehensive loss | 0.8 | | — | | 4.1 | | — | | 4.9 | | Current period other comprehensive income (loss) | 0.3 | | (0.1) | | 4.1 | | 2.7 | | 7.0 | | BALANCE AT JUNE 30, 2021 | $ | (0.4) | | $ | 0.9 | | $ | (207.9) | | $ | (114.8) | | $ | (322.2) | |
A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 30, 2021 and 2020 is provided below (in millions): | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Details about Accumulated Other Comprehensive Loss Components | 2021 | 2020 | | 2021 | 2020 | Location of Gain (Loss) Reclassified into Income | Cash flow hedges gain (loss): | | | | | | | Forward exchange contracts | $ | — | | $ | 0.2 | | | $ | (0.1) | | $ | 0.3 | | Net sales | | (0.5) | | 0.3 | | | (0.8) | | 0.5 | | Cost of goods sold | | (0.2) | | — | | (0.2) | | — | | Other expense, net | | (0.7) | | 0.5 | | | (1.1) | | 0.8 | | Total before tax | | 0.2 | | (0.1) | | | 0.3 | | (0.2) | | Tax benefit (expense) | | $ | (0.5) | | $ | 0.4 | | | $ | (0.8) | | $ | 0.6 | | Gain (loss) net of tax | Amortization of defined benefit pension and post retirement benefit items: | | | | | | | Prior-service costs (a) | $ | (0.1) | | $ | — | | | $ | (0.1) | | $ | 0.1 | | | Actuarial gains/(losses) (a) | (2.7) | | (2.3) | | | (5.4) | | (4.7) | | | | | | | | | | | (2.8) | | (2.3) | | | (5.5) | | (4.6) | | Total before tax | | 0.7 | | 0.5 | | | 1.4 | | 1.1 | | Tax benefit (expense) | | $ | (2.1) | | $ | (1.8) | | | $ | (4.1) | | $ | (3.5) | | Gain (loss) net of tax | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (losses) reclassified into earnings | $ | (2.6) | | $ | (1.4) | | | $ | (4.9) | | $ | (2.9) | | |
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 11 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).
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