Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2023

The components of accumulated other comprehensive loss are as follows:


	Foreign currency translation adjustments (1)		Pension liability adjustments, net of taxes		Accumulated other comprehensive loss
Balance at March 31, 2023	$	(46.5)	$	(7.4)	$	(53.9)
Other comprehensive loss before reclassifications, net of taxes	(1.7)		—		(1.7)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		0.2		0.2
Net current-period other comprehensive (loss) income, net of taxes	(1.7)		0.2		(1.5)
Balance at June 30, 2023	$	(48.2)	$	(7.2)	$	(55.4)

	Foreign currency translation adjustments		Pension liability adjustments, net of taxes		Accumulated other comprehensive loss
Balance at March 31, 2022	$	(21.3)	$	(6.4)	$	(27.7)
Other comprehensive loss before reclassifications, net of taxes	(31.0)		—		(31.0)
Amounts reclassified from accumulated other comprehensive income, net of taxes	—		0.1		0.1
Net current-period other comprehensive (loss) income, net of taxes	(31.0)		0.1		(30.9)
Balance at June 30, 2022	$	(52.3)	$	(6.3)	$	(58.6)

	Foreign currency translation adjustments		Pension liability adjustments, net of taxes		Accumulated other comprehensive loss
Balance at December 31, 2022	$	(50.5)	$	(7.5)	$	(58.0)
Other comprehensive income before reclassifications, net of taxes	2.3		—		2.3
Amounts reclassified from accumulated other comprehensive income, net of taxes	—		0.3		0.3
Net current-period other comprehensive income, net of taxes	2.3		0.3		2.6
Balance at June 30, 2023	$	(48.2)	$	(7.2)	$	(55.4)

	Foreign currency translation adjustments		Pension liability adjustments, net of taxes		Accumulated other comprehensive loss
Balance at December 31, 2021	$	(15.2)	$	(6.5)	$	(21.7)
Other comprehensive loss before reclassifications, net of taxes	(37.1)		—		(37.1)
Amounts reclassified from accumulated other comprehensive loss, net of taxes	—		0.2		0.2
Net current-period other comprehensive (loss) income, net of taxes	(37.1)		0.2		(36.9)
Balance at June 30, 2022	$	(52.3)	$	(6.3)	$	(58.6)

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(1)Foreign currency translation adjustments includes translation adjustments and net investment hedge, net of taxes. See Note 11, “Derivative Financial Instruments,” for further information related to the net investment hedge.