Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 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 September 30, 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		11.1			(25.6	)		(88.7	)		(103.2	)
Amounts reclassified from accumulated other comprehensive loss		1.3			(20.7	)	—				(19.4	)
Other comprehensive income (loss)		12.4			(46.3	)		(88.7	)		(122.6	)
Balance at September 30, 2022	$	(49.3	)	$	(49.4	)	$	(150.4	)	$	(249.1	)

(1)

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

The amount of net (gains) losses reclassified to earnings from the unrecognized net defined benefit and postretirement plan costs and derivative products components of accumulated other comprehensive loss for the quarter and nine months ended September 30, 2022, were as follows:


	Quarter Ended September 30, 2022						Nine Months Ended September 30, 2022
(In millions)	Pre-tax (gain) loss			Net of tax (gain) loss			Pre-tax (gain) loss			Net of tax (gain) loss
Defined Benefit and Postretirement Plan Costs	$	0.6		$	0.5		$	1.7		$	1.3

Derivative Products
Foreign currency forward exchange contracts		6.2			4.8			10.5			7.9
Commodity swaps		0.9			0.7			(0.2	)		(0.1	)
Interest rate swaps		(31.9	)		(24.6	)		(36.9	)		(28.5	)
Total Derivative Products	$	(24.8	)	$	(19.1	)	$	(26.6	)	$	(20.7	)