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Equity (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss)

A reconciliation of the changes in accumulated other comprehensive income (loss), net of income tax, by component for the three months ended March 31, 2022 and 2021 are summarized as follows:

 

 

 

Gains and Losses on
Cash Flow Hedges

 

 

Pension &
Postretirement

 

 

Foreign Currency
Translation

 

 

Total

 

Balance as of December 31, 2020

 

$

 

 

$

(47.9

)

 

$

(49.6

)

 

$

(97.5

)

Other comprehensive loss before
   reclassifications

 

 

 

 

 

(1.2

)

 

 

(10.0

)

 

 

(11.2

)

Amounts reclassified from accumulated other
   comprehensive loss

 

 

 

 

 

0.6

 

 

 

 

 

 

0.6

 

Net other comprehensive loss

 

 

 

 

 

(0.6

)

 

 

(10.0

)

 

 

(10.6

)

Balance as of March 31, 2021

 

$

 

 

$

(48.5

)

 

$

(59.6

)

 

$

(108.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2021

 

$

 

 

$

(32.3

)

 

$

(70.1

)

 

$

(102.4

)

Other comprehensive loss before
   reclassifications

 

 

(0.3

)

 

 

(1.1

)

 

 

(5.5

)

 

 

(6.9

)

Amounts reclassified from accumulated other
   comprehensive loss

 

 

0.1

 

 

 

0.5

 

 

 

 

 

 

0.6

 

Net other comprehensive loss

 

 

(0.2

)

 

 

(0.6

)

 

 

(5.5

)

 

 

(6.3

)

Balance as of March 31, 2022

 

$

(0.2

)

 

$

(32.9

)

 

$

(75.6

)

 

$

(108.7

)

Reconciliation of reclassifications from accumulated other comprehensive income (loss), net of income tax

A reconciliation of the reclassifications from accumulated other comprehensive income (loss), net of income tax, for the three months ended March 31, 2022 and 2021 are summarized as follows:

 

 

 

Amount Reclassified from Accumulated Other Comprehensive Loss

 

 

 

 

 

Three Months Ended March 31,
2022

 

 

Three Months Ended March 31,
2021

 

 

Recognized
Location

Losses on cash flow hedges

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

(0.1

)

 

$

 

 

Cost of sales

Total before income taxes

 

 

(0.1

)

 

 

 

 

 

Provision for income taxes

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

(0.1

)

 

$

 

 

 

Amortization of pension and
   postretirement items

 

 

 

 

 

 

 

 

Actuarial losses

 

$

(0.8

)

 

$

(1.3

)

(a)

Other expense - net

Amortization of prior service cost

 

 

0.3

 

 

 

0.7

 

(a)

Other expense - net

Total before income taxes

 

 

(0.5

)

 

 

(0.6

)

 

 

Provision for income taxes

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

(0.5

)

 

$

(0.6

)

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period,
   net of income taxes

 

$

(0.6

)

 

$

(0.6

)

 

 

(a) These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 20, “Employee Benefit Plans,” for further details)