Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Reclassifications out of Accumulated Other Comprehensive Income (Loss) [Abstract]

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

Reclassification adjustments and other activity impacting accumulated other comprehensive income (loss) during the six months ended June 30, 2023 and June 30, 2022 are as follows (in millions):


	Defined Benefit Plans			Foreign Currency Translation Adjustments		Unrecognized Gain (Loss) on Cash Flow Hedges			Total
Balance at March 31, 2023	$	(147.6)		$	(140.9)	$	23.7		$	(264.8)

Other comprehensive income (loss) before reclassifications	—			(4.7)		25.2			20.5

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(3.2)			(3.2)

Amounts reclassified from accumulated other comprehensive income (loss)	(1.1)		(a)	—		(4.4)		(b)	(5.5)

Income taxes reclassified into net income	0.4			—		(0.3)			0.1

Net change in accumulated other comprehensive income (loss)	(0.7)			(4.7)		17.3			11.9

Balance at June 30, 2023	$	(148.3)		$	(145.6)	$	41.0		$	(252.9)


	Defined Benefit Plans			Foreign Currency Translation Adjustments		Unrecognized Gain (Loss) on Cash Flow Hedges			Total
Balance at March 31, 2022	$	(240.6)		$	(105.3)	$	4.1		$	(341.8)

Other comprehensive income (loss) before reclassifications	—			(42.3)		11.4			(30.9)

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(2.2)			(2.2)

Amounts reclassified from accumulated other comprehensive income (loss)	1.8		(a)	—		(13.3)		(b)	(11.5)

Income taxes reclassified into net income	(0.5)			—		2.4			1.9

Net change in accumulated other comprehensive income (loss)	1.3			(42.3)		(1.7)			(42.7)

Balance at June 30, 2022	$	(239.3)		$	(147.6)	$	2.4		$	(384.5)


(a)			These amounts were reclassified from AOCI to Other income (expense), net for the three months ended June 30, 2023 and June 30, 2022.

(b)			The amounts reclassified from AOCI included $(5.5) million in cost of goods sold (COGS), $(0.2) million in interest expense and $1.3 million in Other income (expense), net for the three months ended June 30, 2023 and $(1.9) million in COGS, $0.5 million in interest expense and $(11.9) million in Other income (expense), net for the three months ended June 30, 2022.


	Defined Benefit Plans			Foreign Currency Translation Adjustments		Unrecognized Gain (Loss) on Cash Flow Hedges			Total
Balance at December 31, 2022	$	(146.9)		$	(149.7)	$	21.2		$	(275.4)

Other comprehensive income before reclassifications	—			4.1		27.1			31.2

Income tax effect of other comprehensive income before reclassifications	—			—		(1.0)			(1.0)

Amounts reclassified from accumulated other comprehensive income (loss)	(2.3)		(a)	—		(5.6)		(b)	(7.9)

Income taxes reclassified into net income	0.9			—		(0.7)			0.2

Net change in accumulated other comprehensive income (loss)	(1.4)			4.1		19.8			22.5

Balance at June 30, 2023	$	(148.3)		$	(145.6)	$	41.0		$	(252.9)


	Defined Benefit Plans			Foreign Currency Translation Adjustments		Unrecognized Gain (Loss) on Cash Flow Hedges			Total
Balance at December 31, 2021	$	(241.9)		$	(111.3)	$	(11.6)		$	(364.8)

Other comprehensive income (loss) before reclassifications	—			(36.3)		34.3			(2.0)

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(5.7)			(5.7)

Amounts reclassified from accumulated other comprehensive income (loss)	3.6		(a)	—		(17.6)		(b)	(14.0)

Income taxes reclassified into net income	(1.0)			—		3.0			2.0

Net change in accumulated other comprehensive income (loss)	2.6			(36.3)		14.0			(19.7)

Balance at June 30, 2022	$	(239.3)		$	(147.6)	$	2.4		$	(384.5)


(a)			These amounts were reclassified from AOCI to Other income (expense), net for the six months ended June 30, 2023 and June 30, 2022.

(b)			The amounts reclassified from AOCI included $(8.8) million in cost of goods sold (COGS), $(0.8) million in interest expense and $4.0 million in Other income (expense), net for the six months ended June 30, 2023 and $(3.1) million in COGS, $3.4 million in interest expense and $(17.9) million in Other income (expense), net for the six months ended June 30, 2022.