Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 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 years ended December 31, 2023 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	0.4		(0.4)		1.1		(11.5)		(10.4)
Amounts reclassified from accumulated other comprehensive loss	0.7		—		8.1		—		8.8
Current period other comprehensive income (loss)	1.1		(0.4)		9.2		(11.5)		(1.6)
BALANCE AT DECEMBER 31, 2021	$	0.4	$	0.6	$	(202.8)	$	(129.0)	$	(330.8)
Other comprehensive income (loss) before reclassifications	1.2		(1.4)		(0.6)		(27.9)		(28.7)
Amounts reclassified from accumulated other comprehensive loss	(1.0)		—		14.8		0.5		14.3
Current period other comprehensive income (loss)	0.2		(1.4)		14.2		(27.4)		(14.4)

BALANCE AT DECEMBER 31, 2022	$	0.6	$	(0.8)	$	(188.6)	$	(156.4)	$	(345.2)
Other comprehensive income (loss) before reclassifications	(0.3)		0.6		2.5		22.9		25.7
Amounts reclassified from accumulated other comprehensive loss	(0.6)		—		7.7		—		7.1
Current period other comprehensive income (loss)	(0.9)		0.6		10.2		22.9		32.8
BALANCE AT DECEMBER 31, 2023	$	(0.3)	$	(0.2)	$	(178.4)	$	(133.5)	$	(312.4)

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the two years ended December 31 is provided below (in millions):


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
	0.9			1.2			Cost of goods sold
	0.9			1.2			Total before tax
	(0.3)			(0.2)			Tax (expense) benefit
	$	0.6		$	1.0		Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service credits	$	(0.4)	(a)	$	(0.4)	(a)
Actuarial gains/(losses)	(9.8)		(a)	(10.6)		(a)
Settlement and curtailment losses	—		(a)	(8.8)		(a)
	(10.2)			(19.8)			Total before tax
	2.5			5.0			Tax benefit (expense)
	$	(7.7)		$	(14.8)		(Loss) gain net of tax





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

Gains (losses) reclassified into earnings	$	(7.1)		$	(14.3)		(Loss) gain net of tax

(a)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12 — Retirement Benefits for additional details).