XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments, hedging activities and pension and post-retirement benefit adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI"), a component of Total Equity.
The following tables present changes in AOCI by component for the three and nine months ended September 30, 2023 and September 30, 2022:
Three Months Ended
September 30, 2023Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$38.6 $(14.1)$(351.2)$(326.7)
Other Comprehensive Loss before Reclassifications(2.4)— (85.7)(88.1)
Tax Impact0.6 — — 0.6 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(3.1)(0.5)— (3.6)
Tax Impact0.7 0.1 — 0.8 
Net Current Period Other Comprehensive Loss(4.2)(0.4)(85.7)(90.3)
Ending Balance$34.4 $(14.5)$(436.9)$(417.0)
September 30, 2022Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$2.9 $(13.5)$(321.6)$(332.2)
Other Comprehensive Loss before Reclassifications(4.6)— (179.5)(184.1)
Tax Impact1.1 — — 1.1 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(2.1)0.2 — (1.9)
Tax Impact0.5 — — 0.5 
Net Current Period Other Comprehensive (Loss) Income(5.1)0.2 (179.5)(184.4)
Ending Balance$(2.2)$(13.3)$(501.1)$(516.6)
Nine Months Ended
September 30, 2023Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$17.3 $(13.3)$(356.1)$(352.1)
Other Comprehensive Income (Loss) before Reclassifications24.6 — (80.8)(56.2)
Tax Impact(5.9)— (5.9)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(2.1)(1.6)(3.7)
Tax Impact0.5 0.4 0.9 
Net Current Period Other Comprehensive Income (Loss)17.1 (1.2)(80.8)(64.9)
Ending Balance$34.4 $(14.5)$(436.9)$(417.0)
September 30, 2022Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning balance$21.0 $(14.3)$(201.8)$(195.1)
Other Comprehensive (Loss) Income before Reclassifications(13.6)0.5 (299.3)(312.4)
Tax Impact3.3 — — 3.3 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(16.9)0.6 — (16.3)
Tax Impact4.0 (0.1)3.9 
Net Current Period Other Comprehensive (Loss) Income(23.2)1.0 (299.3)(321.5)
Ending Balance$(2.2)$(13.3)$(501.1)$(516.6)

The Condensed Consolidated Statements of Income (Loss) line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 13 - Derivative Financial Instruments.

The reclassification amounts for pension and post-retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Income, Net (see also Note 8 - Retirement Plans).