Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2023 is provided below (in millions):


(debit) credit	Cash flow hedge gain (loss)		Unrealized gain (loss) on available-for- sale securities		Pension and post retirement benefit plan adjustment		Cumulative translation adjustment		Total
BALANCE AT DECEMBER 31, 2022	$	0.6	$	(0.8)	$	(188.6)	$	(156.4)	$	(345.2)
Other comprehensive income (loss) before reclassifications	—		0.3		—		7.9		8.2
Amounts reclassified from accumulated other comprehensive income (loss)	(0.3)		—		1.4		—		1.1
Current period other comprehensive income (loss)	(0.3)		0.3		1.4		7.9		9.3
BALANCE AT MARCH 31, 2023	$	0.3	$	(0.5)	$	(187.2)	$	(148.5)	$	(335.9)

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three months ended March 31, 2023 and 2022 is provided below (in millions):


	Three Months Ended March 31,
Details about Accumulated Other Comprehensive Loss Components	2023		2022		Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	—	$	—	Net sales
	0.4		—		Cost of goods sold
	—		—		Other expense, net
	0.4		—		Total before tax
	(0.1)		—		Tax benefit (expense)
	$	0.3	$	—	Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service costs (a)	$	(0.1)	$	(0.1)
Actuarial gains(losses) (a)	(2.5)		(2.5)

	(2.6)		(2.6)		Total before tax
	1.2		0.5		Tax benefit (expense)
	$	(1.4)	$	(2.1)	Gain (loss) net of tax





Reclassification of currency translation gain (loss):
	$	—	$	(0.5)	Gain (loss) on disposition of business (Note 2)
	—		—		Tax benefit (expense)
	$	—	$	(0.5)	Gain (loss) net of tax

Gains (losses) reclassified into earnings	$	(1.1)	$	(2.6)	Gain (loss) net of tax

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).