Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2022

Note 10 — Accumulated Other Comprehensive Loss

Comprehensive loss represents net loss and other gains and losses affecting stockholders’ equity that are not reflected in the Condensed Consolidated Statements of Operations. The components of accumulated other comprehensive loss as of March 31, 2022 and December 31, 2021 were as follows:


(In millions)	Unrecognized Net Defined Benefit and Postretirement Plan Costs			Change in Fair Value of Derivatives Products (1)			Foreign Currency Translation			Total
Balance at December 31, 2021	$	(61.7	)	$	(3.1	)	$	(61.7	)	$	(126.5	)
Other comprehensive income (loss) before reclassifications		2.8			1.0			(15.7	)		(11.9	)
Amounts reclassified from accumulated other comprehensive loss		0.4			(6.1	)	—				(5.7	)
Other comprehensive income (loss)		3.2			(5.1	)		(15.7	)		(17.6	)
Balance at March 31, 2022	$	(58.5	)	$	(8.2	)	$	(77.4	)	$	(144.1	)

(1)

Includes forward foreign exchange contracts, interest rate derivatives and commodity swaps.

The amounts of net losses reclassified to earnings from the unrecognized net defined benefit and postretirement plan costs component of accumulated other comprehensive loss for the three months ended March 31, 2022, were $0.5 million less taxes of $0.1 million. The amounts reclassified to earnings from the change in fair value of the derivatives products component of accumulated other comprehensive loss for the three months ended March 31, 2022 were net losses of $0.7 million less taxes of $0.3 million, for those related to foreign currency forward exchange contracts and gains of $0.8 million less taxes of $0.2 million, related to commodity swaps, and net gains of $7.5 million less taxes of $1.7 million related to interest rate swaps.