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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss as of March 31, 2024 and December 31, 2023 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, 2023

 

$

1.0

 

 

$

5.7

 

 

$

(80.8

)

 

$

(74.1

)

Other comprehensive loss before reclassifications

 

 

-

 

 

 

(1.8

)

 

 

(10.4

)

 

 

(12.2

)

Amounts reclassified from accumulated other comprehensive
loss

 

 

(0.1

)

 

 

(2.6

)

 

 

 

 

(2.7

)

Other comprehensive loss

 

 

(0.1

)

 

 

(4.4

)

 

 

(10.4

)

 

 

(14.9

)

Balance at March 31, 2024

 

$

0.9

 

 

$

1.3

 

 

$

(91.2

)

 

$

(89.0

)

 

 

(1)
Includes forward foreign exchange contracts, interest rate derivatives and commodity swaps.
Schedule of Unrecognized Net Defined Benefit and Postretirement Plan Costs

The amounts 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 three months ended March 31, 2024 and 2023 were as follows:

 

 

 

Quarter Ended March 31, 2024

 

 

Quarter Ended March 31, 2023

 

(In millions)

 

Pre-tax (gain) loss

 

 

Net of tax (gain) loss

 

 

Pre-tax loss (gain)

 

 

Net of tax loss (gain)

 

Defined Benefit and Postretirement Plan Costs

 

$

(0.1

)

 

$

(0.1

)

 

$

0.5

 

 

$

0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Products

 

 

 

 

 

 

 

 

 

 

 

 

  Foreign currency forward exchange contracts

 

 

0.7

 

 

 

0.4

 

 

 

3.7

 

 

 

2.7

 

  Commodity swaps

 

 

(0.3

)

 

 

(0.3

)

 

 

0.9

 

 

 

0.7

 

  Interest rate swaps

 

 

(3.6

)

 

 

(2.7

)

 

 

(2.1

)

 

 

(1.6

)

Total Derivative Products

 

$

(3.2

)

 

$

(2.6

)

 

$

2.5

 

 

$

1.8