The after-tax components of our accumulated other comprehensive loss attributable to controlling interests consist of the following:

				Foreign			Fair Value of			Accumulated
	Pension			Currency			Derivative			Comprehensive
	Liability			Translation			Investments			Loss
Balance as of December 31, 2021	$	(37.1	)	$	(613.4	)	$	(75.6	)	$	(726.1	)
Net change in period		0.3			14.9			45.2			60.4
Balance as of March 31, 2022	$	(36.8	)	$	(598.5	)	$	(30.4	)	$	(665.7	)

The foreign currency translation during the three-month period ended March 31, 2022 primarily relates to the net impact of changes in the value of the local currencies relative to the U.S. dollar for our operations in the U.K., Australia, Canada, New Zealand, the Caribbean, India and other non-U.S. locations.

During the three-month periods ended March 31, 2022 and 2021, $0.6 million and $1.4 million, respectively, of expense related to the pension liability was reclassified from accumulated other comprehensive loss to compensation expense in the statement of earnings. During the three-month periods ended March 31, 2022 and 2021, $0.9 million and $1.7 million of expense, respectively, related to the fair value of derivative investments, was reclassified from accumulated other comprehensive loss to the statement of earnings. During the three-month periods ended March 31, 2022 and 2021, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive loss to the statement of earnings.