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

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and September 30, 2022 are as follows (in millions):


	Defined Benefit Plans			Foreign Currency Translation Adjustments		Unrecognized Gain (Loss) on Cash Flow Hedges			Total
Balance at June 30, 2023	$	(148.3)		$	(145.6)	$	41.0		$	(252.9)

Other comprehensive income (loss) before reclassifications	—			(16.1)		14.9			(1.2)

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(3.3)			(3.3)

Amounts reclassified from accumulated other comprehensive income (loss)	(1.3)		(a)	—		(13.3)		(b)	(14.6)

Income taxes reclassified into net loss	0.2			—		1.7			1.9

Net change in accumulated other comprehensive income (loss)	(1.1)			(16.1)		—			(17.2)

Balance at September 30, 2023	$	(149.4)		$	(161.7)	$	41.0		$	(270.1)


	Defined Benefit Plans			Foreign Currency Translation Adjustments		Unrecognized Gain (Loss) on Cash Flow Hedges			Total
Balance at June 30, 2022	$	(239.3)		$	(147.6)	$	2.4		$	(384.5)

Other comprehensive income (loss) before reclassifications	—			(34.4)		39.2			4.8

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(7.8)			(7.8)

Amounts reclassified from accumulated other comprehensive income (loss)	1.9		(a)	—		(15.2)		(b)	(13.3)

Income taxes reclassified into net income	(0.4)			—		2.9			2.5

Net change in accumulated other comprehensive income (loss)	1.5			(34.4)		19.1			(13.8)

Balance at September 30, 2022	$	(237.8)		$	(182.0)	$	21.5		$	(398.3)


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

(b)			The amounts reclassified from AOCI included $(5.5) million in cost of goods sold (COGS), $(1.1) million in interest expense and $(6.7) million in Other income (expense), net for the three months ended September 30, 2023 and $(1.5) million in COGS, $0.1 million in interest expense and $(13.8) million in Other income (expense), net for the three months ended September 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 (loss) before reclassifications	—			(12.0)		42.0			30.0

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(4.3)			(4.3)

Amounts reclassified from accumulated other comprehensive income (loss)	(3.6)		(a)	—		(18.9)		(b)	(22.5)

Income taxes reclassified into net loss	1.1			—		1.0			2.1

Net change in accumulated other comprehensive income (loss)	(2.5)			(12.0)		19.8			5.3

Balance at September 30, 2023	$	(149.4)		$	(161.7)	$	41.0		$	(270.1)


	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	—			(70.7)		73.5			2.8

Income tax effect of other comprehensive income (loss) before reclassifications	—			—		(13.5)			(13.5)

Amounts reclassified from accumulated other comprehensive income (loss)	5.5		(a)	—		(32.8)		(b)	(27.3)

Income taxes reclassified into net income	(1.4)			—		5.9			4.5

Net change in accumulated other comprehensive income (loss)	4.1			(70.7)		33.1			(33.5)

Balance at September 30, 2022	$	(237.8)		$	(182.0)	$	21.5		$	(398.3)


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

(b)			The amounts reclassified from AOCI included $(14.3) million in cost of goods sold (COGS), $(1.9) million in interest expense and $(2.7) million in Other income (expense), net for the nine months ended September 30, 2023 and $(4.6) million in COGS, $3.5 million in interest expense and $(31.7) million in Other income (expense), net for the nine months ended September 30, 2022.