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Reclassifications out of Accumulated Other Comprehensive Income - Reclassifications out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Accumulated Other Comprehensive Income (Loss), Net of Tax - Beginning Balance $ (275.4) $ (364.8) $ (432.2)
Other Comprehensive Income (Loss) Arising During Period, Total, Before Tax 31.4 143.3 45.4
Other Comprehensive Income (Loss), Defined Benefit Plans, before Reclassification Adjustments, Tax 0.6 (40.1) (11.8)
Other Comprehensive Income (Loss), Reclassification Adjustments, Total, Before Tax (20.4) (15.6) 44.1
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Defined Benefit Plans, Tax 0.9 1.8 (10.3)
Defined benefit plans, net 1.6 95.0 69.1
Foreign currency translation adjustments 7.4 (38.4) (10.2)
Changes in cash flow hedges 3.5 32.8 8.5
Other Comprehensive Income (Loss), Net of Tax 12.5 89.4 67.4
Accumulated Other Comprehensive Income (Loss), Net of Tax - Ending Balance (262.9) (275.4) (364.8)
Settlement charge 1.3 0.0 42.3
Cost of Sales [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (19.9) (6.5) (5.6)
Interest Expense [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (3.6) (2.7) 14.8
Other Income [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax 6.6 (13.7) (19.0)
Pension Plan [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Settlement charge 0.1 0.0 42.3
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Accumulated Other Comprehensive Income (Loss), Net of Tax - Beginning Balance (146.9) (241.9) (311.0)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax 5.5 119.5 33.9
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax (1.8) (30.2) (7.0)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax [1] (3.5) 7.3 53.4
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax 1.4 (1.6) (11.2)
Defined benefit plans, net 1.6 95.0 69.1
Accumulated Other Comprehensive Income (Loss), Net of Tax - Ending Balance (145.3) (146.9) (241.9)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Accumulated Other Comprehensive Income (Loss), Net of Tax - Beginning Balance (149.7) (111.3) (101.1)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax 7.4 (38.4) (10.7)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax 0.0 0.0 0.0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax 0.0 0.0 0.5
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax 0.0 0.0 0.0
Foreign currency translation adjustments 7.4 (38.4) (10.2)
Accumulated Other Comprehensive Income (Loss), Net of Tax - Ending Balance (142.3) (149.7) (111.3)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Accumulated Other Comprehensive Income (Loss), Net of Tax - Beginning Balance 21.2 (11.6) (20.1)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax 18.5 62.2 22.2
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax 2.4 (9.9) (4.8)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax [2] (16.9) (22.9) (9.8)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax (0.5) 3.4 0.9
Changes in cash flow hedges 3.5 32.8 8.5
Accumulated Other Comprehensive Income (Loss), Net of Tax - Ending Balance $ 24.7 $ 21.2 $ (11.6)
[1]
The amount reclassified for 2021 includes a credit to AOCI of $42.3 million related to the effect of the Pension Annuity Purchase. See Note 7 - Employee Benefit Plans for more detail.
[2]
The amounts reclassified from AOCI included $(19.9) million in COGS, $(3.6) million in interest expense and $6.6 million in other income (expense), net for the year ended December 31, 2023, $(6.5) million in COGS, $(2.7) million in interest expense and $(13.7) million in other income (expense), net for the year ended December 31, 2022 and $(5.6) million in COGS, $14.8 million in interest expense and $(19.0) million in other income (expense), net for the year ended December 31, 2021.