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Reclassifications out of Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2024
Reclassifications out of Accumulated Other Comprehensive Income [Abstract]  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
Reclassification adjustments and other activity impacting accumulated other comprehensive income (loss) (AOCI) during the years ended December 31, 2024, December 31, 2023 and December 31, 2022 are as follows (in millions):
Defined Benefit PlansForeign Currency Translation AdjustmentsUnrecognized Gain (Loss) on HedgesTotal
Balance at January 1, 2022$(241.9)$(111.3)$(11.6)$(364.8)
Other comprehensive income (loss) before reclassifications119.5 (38.4)62.2 143.3 
Income tax effect of other comprehensive income (loss) before reclassifications(30.2)— (9.9)(40.1)
Amounts reclassified from accumulated other comprehensive loss into net income7.3 (a)— (22.9)(b)(15.6)
Income taxes reclassified into net income(1.6)— 3.4 1.8 
Net current period other comprehensive income (loss)95.0 (38.4)32.8 89.4 
Balance at December 31, 2022$(146.9)$(149.7)$21.2 $(275.4)
Other comprehensive income before reclassifications5.5 7.4 18.5 31.4 
Income tax effect of other comprehensive income before reclassifications(1.8)— 2.4 0.6 
Amounts reclassified from accumulated other comprehensive income (loss) into net loss(3.5)(a)— (16.9)(b)(20.4)
Income taxes reclassified into net loss1.4 — (0.5)0.9 
Net current period other comprehensive income1.6 7.4 3.5 12.5 
Balance at December 31, 2023$(145.3)$(142.3)$24.7 $(262.9)
Other comprehensive loss before reclassifications(11.2)(44.7)(9.5)(65.4)
Income tax effect of other comprehensive loss before reclassifications1.9  2.0 3.9 
Amounts reclassified from accumulated other comprehensive income (loss) into net income(3.5)(a) (27.6)(b)(31.1)
Income taxes reclassified into net income0.9  2.4 3.3 
Net current period other comprehensive loss(11.9)(44.7)(32.7)(89.3)
Balance at December 31, 2024$(157.2)$(187.0)$(8.0)$(352.2)
(a)
These amounts were reclassified from AOCI to Other income (expense), net for the year ended December 31, 2024, the year ended December 31, 2023 and the year ended December 31, 2022.
(b)
The amounts reclassified from AOCI included $(11.9) million in Cost of goods sold (COGS), $(2.5) million in interest expense and $(13.2) million in other income (expense), net for the year ended December 31, 2024, $(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 and $(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.