Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The balance of each component of accumulated other comprehensive (loss), net of tax is presented in the table below.

	December 31, 2021			December 31, 2020
Foreign currency translation adjustments	$	2.3		$	2.3
Derivative (loss), net		(9.1	)		(19.0	)
Pension and postretirement adjustments		(102.8	)		(92.6	)
Accumulated other comprehensive (loss)	$	(109.6	)	$	(109.3	)

Schedule of Other Comprehensive Income (Loss)

The amounts and related tax effects allocated to each component of other comprehensive income (loss) for 2021, 2020, and 2019 are presented in the tables below.

	Pre-tax Amount			Tax (Expense) Benefit			After-tax Amount
2021
Derivative gain, net	$	13.4		$	(3.5	)	$	9.9
Pension and postretirement adjustments		(13.4	)		3.2			(10.2	)
Total other comprehensive (loss)	$	-		$	(0.3	)	$	(0.3	)

	Pre-tax Amount			Tax Benefit (Expense)			After-tax Amount
2020
Foreign currency translation adjustments	$	(7.1	)	$	-		$	(7.1	)
Derivative (loss), net		(14.2	)		3.7			(10.5	)
Pension and postretirement adjustments		382.9			(98.5	)		284.4
Total other comprehensive income (loss)	$	361.6		$	(94.8	)	$	266.8

	Pre-tax Amount			Tax Benefit (Expense)			After-tax Amount
2019
Foreign currency translation adjustments	$	84.1		$	-		$	84.1
Derivative (loss), net		(18.8	)		4.9			(13.9	)
Pension and postretirement adjustments		16.8			(3.6	)		13.2
Total other comprehensive income	$	82.1		$	1.3		$	83.4

Schedule of Accumulated Other Comprehensive Income Activity

The following table summarizes the activity, by component, related to the change in AOCI for December 31, 2021 and 2020:

	Foreign Currency Translation Adjustments			Derivative Gain (Loss) (1)			Pension and Postretirement Adjustments (1)			Total Accumulated Other Comprehensive (Loss) (1)
Balance, December 31, 2019	$	9.4		$	(8.5	)	$	(377.0	)	$	(376.1	)
Other comprehensive (loss) income before reclassifications,    net of tax benefit (expense) of $ -, $2.5, ($3.0) and ($0.5)		(0.2	)		(6.1	)		6.1			(0.2	)
Amounts reclassified from accumulated other    comprehensive (loss)		(6.9	)		(4.4	)		278.3			267.0
Net current period other comprehensive (loss) income		(7.1	)		(10.5	)		284.4			266.8
Balance, December 31, 2020		2.3			(19.0	)		(92.6	)		(109.3	)
Other comprehensive income (loss) before reclassifications,    net of tax (expense) benefit of $-, ($5.4), $3.5 and ($1.9)		-			16.5			(11.0	)		5.5
Amounts reclassified from accumulated other    comprehensive (loss)		-			(6.6	)		0.8			(5.8	)
Net current period other comprehensive income (loss)		-			9.9			(10.2	)		(0.3	)
Balance, December 31, 2021	$	2.3		$	(9.1	)	$	(102.8	)	$	(109.6	)

(1)Amounts are net of tax

Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified from AOCI and the affected line item of the Consolidated Statement of Operations and Comprehensive Income are presented in the table below.

	Amounts Reclassified from Accumulated Other Comprehensive (Loss)						Affected Line Item in the Consolidated Statement of Operations and Comprehensive Income
	2021			2020
Derivative Adjustments:
Interest rate swap contracts, before tax	$	(8.5	)	$	(5.6	)	Interest expense
Tax impact		1.9			1.2		Income tax expense
Total (income), net of tax		(6.6	)		(4.4	)
Pension and Postretirement Adjustments:
Prior service credit amortization		(0.3	)		(0.3	)	Other non-operating (income) expense, net
Amortization of net actuarial loss (gain)		1.4			(0.3	)	Other non-operating (income) expense, net
Settlement		-			374.4		Other non-operating (income) expense, net
Total loss, before tax		1.1			373.8
Tax impact		(0.3	)		(95.5	)	Income tax expense
Total loss, net of tax		0.8			278.3
Foreign Currency Translation Adjustments:
Sale of idled plant in China		-			(6.9	)
Total (income), net of tax		-			(6.9	)
Total reclassifications for the period	$	(5.8	)	$	267.0