Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

The changes in accumulated other comprehensive loss by component for each of the fiscal years in the two-year period ended December 31, 2023 were as follows:


(Dollars and accompanying footnotes in millions)	Foreign Currency Translation Adjustments		Pension and Other Postretirement Benefits(1)		Total
Balance as of December 31, 2021	$	(35.6)	$	(9.6)	$	(45.2)
Other comprehensive income (loss) before reclassifications	(40.0)		(0.2)		(40.2)
Amounts reclassified to earnings	—		0.2		0.2
Net other comprehensive income (loss) for period	(40.0)		—		(40.0)
Balance as of December 31, 2022	(75.6)		(9.6)		(85.2)
Other comprehensive income (loss) before reclassifications	18.8		(0.4)		18.4
Amounts reclassified to earnings	—		0.4		0.4
Net other comprehensive income (loss) for period	18.8		—		18.8
Balance as of December 31, 2023	$	(56.8)	$	(9.6)	$	(66.4)

(1) Net of taxes of $1.8 million, $1.9 million and $2.1 million for the years ended December 31, 2023, 2022 and 2021, respectively.

The impacts to the consolidated statements of operations related to items reclassified to earnings were as follows:


		Years Ended December 31,
(Dollars in millions)	Financial Statement Line Item	2023		2022
Amortization/settlement of pension and other postretirement benefits
	Pension settlement charges(1)	(0.1)		—
	Other income (expense), net(1)	(0.4)		(0.4)
	Income tax (expense) benefit	0.1		0.2
	Net income	$	(0.4)	$	(0.2)

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. For additional details, refer to “Note 8 – Pension Benefits, Other Postretirement Benefits and Employee Savings and Investment Plan.”