Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of Other comprehensive income (loss) are as follows:


	For the Year Ended December 31, 2023						For the Year Ended December 31, 2022
	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Cumulative translation adjustment	$	87.8	$	—	$	87.8	$	(74.9)	$	—	$	(74.9)
Pension and other postretirement adjustments
Net (loss) gain arising during the year	(8.2)		1.9		(6.3)		24.6		(6.7)		17.9
Amortization and settlement gain	(1.5)		0.4		(1.1)		0.5		(0.1)		0.4
Pension and other postretirement adjustments	(9.7)		2.3		(7.4)		25.1		(6.8)		18.3
Reclassification adjustments for derivatives	—		—		—		—		—		—
Total other comprehensive income (loss)	$	78.1	$	2.3	$	80.4	$	(49.8)	$	(6.8)	$	(56.6)


	For the Year Ended December 31, 2021
	Pre-tax		Tax		Net of tax
Cumulative translation adjustment	$	(75.6)	$	—	$	(75.6)
Pension and other postretirement adjustments
Net gain (loss) arising during the year	12.0		(2.9)		9.1
Amortization and settlement loss, net of curtailment gain	10.3		(2.4)		7.9
Pension and other postretirement adjustments	22.3		(5.3)		17.0
Reclassification adjustments for derivatives(1)	3.3		(0.8)		2.5
Total other comprehensive (loss)	$	(50.0)	$	(6.1)	$	(56.1)

(1) Includes the acceleration of $1.3 million of the remaining accumulated other comprehensive loss resulting from the cash settlement of a forward starting interest rate exchange agreement, which was cash settled in 2011. The amounts were recognized in Other expense (income) - net in the Consolidated Statements of Income during the year ended December 31, 2021 in connection with the early redemption of the related debt instrument.

Schedule of Reclassification out of Accumulated Other Comprehensive Income

The amounts reclassified from Accumulated other comprehensive loss to net income are summarized as follows:


	For the Year Ended December 31,
	2023		2022		2021		Income Statement Caption
Pension and other postretirement plans:
Amortization of actuarial (gains) losses and prior service costs	$	(1.4)	$	0.5	$	1.8	Other expense (income) - net
Settlement (gain) loss recognized	(0.1)		—		10.5		Other expense (income) - net
Curtailment gain recognized	—		—		(2.0)		Other expense (income) - net
Total before tax	(1.5)		0.5		10.3
Provision for income taxes	0.4		(0.1)		(2.4)
Total net of tax	$	(1.1)	$	0.4	$	7.9
Derivatives:
Reclassification adjustments(1)	$	—	$	—	$	3.3	Interest expense
Total before tax	—		—		3.3
Provision for income taxes	—		—		(0.8)
Total net of tax	$	—	$	—	$	2.5