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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 11 — 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 June 30, 2021 and December 31, 2020 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, 2020

 

$

(40.4

)

 

$

15.6

 

 

$

(34.8

)

 

$

(59.6

)

Other comprehensive (loss) income before reclassifications

 

 

(2.1

)

 

 

7.1

 

 

 

(7.8

)

 

 

(2.8

)

Amounts reclassified from accumulated other comprehensive loss

 

 

0.2

 

 

 

(11.0

)

 

—

 

 

 

(10.8

)

Other comprehensive loss

 

 

(1.9

)

 

 

(3.9

)

 

 

(7.8

)

 

 

(13.6

)

Balance at June 30, 2021

 

$

(42.3

)

 

$

11.7

 

 

$

(42.6

)

 

$

(73.2

)

 

 

 

(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 quarter and six months ended June 30, 2021, were less than $0.1 million less taxes of under $0.1 million and $0.2 million less taxes of $0.1 million, respectively. The amounts reclassified to earnings from the change in fair value of the derivatives products component of accumulated other comprehensive loss for the quarter and six months ended June 30, 2021 were net gains of $1.9 million less taxes of $0.4 million and $3.3 million less taxes of $0.7 million, respectively, for those related to foreign currency forward exchange contracts and gains of $0.9 million less taxes of $0.2 million and $0.7 million less taxes of $0.2 million, respectively, related to commodity swaps. We also recorded net losses of $3.8 million less taxes of $0.9 million and net gains of $10.3 million less taxes of under $2.4 million related to interest rate derivatives, in the three and six month periods ended June 30, 2021, respectively.