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Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss as of September 30, 2023 and December 31, 2022 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, 2022

 

$

(49.1

)

 

$

(15.4

)

 

$

(109.9

)

 

$

(174.4

)

Other comprehensive income (loss) before reclassifications

 

 

0.8

 

 

 

0.2

 

 

 

(1.4

)

 

 

(0.4

)

Amounts reclassified from accumulated other comprehensive loss

 

 

1.2

 

 

 

5.9

 

 

—

 

 

 

7.1

 

Other comprehensive income (loss) before reclassifications

 

 

2.0

 

 

 

6.1

 

 

 

(1.4

)

 

 

6.7

 

Balance at September 30, 2023

 

$

(47.1

)

 

$

(9.3

)

 

$

(111.3

)

 

$

(167.7

)

 

 
(1)
Includes forward foreign exchange contracts, interest rate derivatives and commodity swaps.
Schedule of unrecognized net defined benefit and postretirement plan costs

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 quarters and nine months ended September 30, 2023 and 2022 were as follows:

 

 

 

Quarter Ended September 30, 2023

 

 

Quarter Ended September 30, 2022

 

 

Nine Months Ended September 30, 2023

 

 

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

 

 

Pre-tax loss (gain)

 

 

Net of tax loss (gain)

 

 

Pre-tax (gain) loss

 

 

Net of tax (gain) loss

 

Defined Benefit and Postretirement Plan Costs

 

$

0.6

 

 

$

0.4

 

 

$

0.6

 

 

$

0.5

 

 

$

1.6

 

 

$

1.2

 

 

$

1.7

 

 

$

1.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Foreign currency forward exchange contracts

 

 

1.5

 

 

 

1.1

 

 

 

6.2

 

 

 

4.8

 

 

 

7.8

 

 

 

5.7

 

 

 

10.5

 

 

 

7.9

 

  Commodity swaps

 

 

1.9

 

 

 

1.4

 

 

 

0.9

 

 

 

0.7

 

 

 

4.6

 

 

 

3.5

 

 

 

(0.2

)

 

 

(0.1

)

  Interest rate swaps

 

 

(1.1

)

 

 

(0.9

)

 

 

(31.9

)

 

 

(24.6

)

 

 

(4.3

)

 

 

(3.3

)

 

 

(36.9

)

 

 

(28.5

)

Total Derivative Products

 

$

2.3

 

 

$

1.6

 

 

$

(24.8

)

 

$

(19.1

)

 

$

8.1

 

 

$

5.9

 

 

$

(26.6

)

 

$

(20.7

)