XML 50 R24.htm IDEA: XBRL DOCUMENT
v3.24.0.1

ACCUMULATED OTHER COMPREHENSIVE LOSS | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE LOSS | ACCUMULATED OTHER COMPREHENSIVE LOSS Presented below is a summary of activity for each component of "Accumulated Other Comprehensive Loss" for the years ended December 31, 2023, 2022, and 2021.
| Foreign Currency Translation Adjustments |  | Unrealized (Loss) Gain on Hedges |  | Unrealized Gain (Loss) on Available-for-sale Investments |  | Unrealized Pension (Costs) Credits (a) |  | Total Accumulated Other Comprehensive Loss
| (in millions)
December 31, 2020 | $ | (122.4) |  |  | $ | (27.7) |  |  | $ | 8.6 |  |  | $ | (19.6) |  |  | $ | (161.1) |
Other comprehensive (loss) income before reclassifications | (39.2) |  |  | 66.3 |  |  | (29.2) |  |  | 12.8 |  |  | 10.7 |
Amounts reclassified from accumulated other comprehensive loss | (6.4) |  |  | 12.0 |  |  | 8.6 |  |  | 1.0 |  |  | 15.2 |
Deferred income tax (expense) benefit | (4.5) |  |  | (20.9) |  |  | 5.1 |  |  | (2.2) |  |  | (22.5) |
December 31, 2021 | (172.5) |  |  | 29.7 |  |  | (6.9) |  |  | (8.0) |  |  | (157.7) |
Other comprehensive (loss) income before reclassifications | (33.9) |  |  | 75.2 |  |  | (77.9) |  |  | 17.3 |  |  | (19.3) |
Amounts reclassified from accumulated other comprehensive loss | (7.0) |  |  | (84.5) |  |  | 18.8 |  |  | (0.1) |  |  | (72.8) |
Deferred income tax (expense) benefit | (5.4) |  |  | 3.4 |  |  | 0.4 |  |  | (3.5) |  |  | (5.1) |
December 31, 2022 | (218.8) |  |  | 23.8 |  |  | (65.6) |  |  | 5.7 |  |  | (254.9) |
Other comprehensive income (loss) before reclassifications | 6.9 |  |  | 43.3 |  |  | 32.6 |  |  | (11.1) |  |  | 71.7 |
Amounts reclassified from accumulated other comprehensive loss | (6.9) |  |  | (72.8) |  |  | 8.1 |  |  | (0.8) |  |  | (72.4) |
Deferred income tax benefit | 4.3 |  |  | 6.4 |  |  | 0.1 |  |  | 2.0 |  |  | 12.8 |
December 31, 2023 | $ | (214.5) |  |  | $ | 0.7 |  |  | $ | (24.8) |  |  | $ | (4.2) |  |  | $ | (242.8) |
_______________________________________________________________________________ (a)For the years ended December 31, 2023, 2022, and 2021, the change in unrealized pension costs consisted of the following (in millions):
| Pre-Tax Amount |  | Tax (Expense) Benefit |  | Net of Tax Amount
2023 |  |  |  |  |
Prior service credit arising during period | $ | 0.7 |  |  | $ | 0.9 |  |  | $ | 1.6 |
Amortization of prior service credit | (0.8) |  |  | 0.1 |  |  | (0.7) |
Net prior service cost arising during period | (0.1) |  |  | 1.0 |  |  | 0.9 |
Net actuarial loss arising during period | (11.8) |  |  | 1.0 |  |  | (10.8) |
Unrealized pension costs, net | $ | (11.9) |  |  | $ | 2.0 |  |  | $ | (9.9) |
2022 |  |  |  |  |
Prior service credit arising during period | $ | — |  |  | $ | (1.1) |  |  | $ | (1.1) |
Amortization of prior service credit | (0.7) |  |  | 0.3 |  |  | (0.4) |
Net prior service cost arising during period | (0.7) |  |  | (0.8) |  |  | (1.5) |
Net actuarial gain arising during period | 17.9 |  |  | (2.7) |  |  | 15.2 |
Unrealized pension credits, net | $ | 17.2 |  |  | $ | (3.5) |  |  | $ | 13.7 |
2021 |  |  |  |  |
Prior service credit arising during period | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |
Amortization of prior service credit | (0.7) |  |  | 0.1 |  |  | (0.6) |
Net prior service cost arising during period | (0.6) |  |  | 0.1 |  |  | (0.5) |
Net actuarial gain arising during period | 14.4 |  |  | (2.3) |  |  | 12.1 |
Unrealized pension credits, net | $ | 13.8 |  |  | $ | (2.2) |  |  | $ | 11.6 |
The following table provides information about amounts reclassified from "Accumulated Other Comprehensive Loss" (in millions):
| Years Ended December 31, |  |
Details about Accumulated Other Comprehensive Loss Components | 2023 |  | 2022 |  | Affected Line on Consolidated Statements of Operations
Foreign currency translation adjustments | $ | 6.9 |  |  | $ | 7.0 |  |  | Other income, net
| (1.7) |  |  | (1.7) |  |  | Provision for income taxes
| $ | 5.2 |  |  | $ | 5.3 |  |  | Net of tax
(Loss) gain on hedges | $ | 58.9 |  |  | $ | 88.4 |  |  | Cost of sales
| 13.9 |  |  | (3.9) |  |  | Other income, net
| 72.8 |  |  | 84.5 |  |  | Total before tax
| (15.8) |  |  | (22.2) |  |  | Provision for income taxes
| $ | 57.0 |  |  | $ | 62.3 |  |  | Net of tax
Gain (loss) on available-for-sale investments | $ | (8.1) |  |  | $ | (18.8) |  |  | Other income, net
| 2.2 |  |  | 4.6 |  |  | Provision for income taxes
| $ | (5.9) |  |  | $ | (14.2) |  |  | Net of tax
Amortization of pension adjustments | $ | 0.8 |  |  | $ | 0.1 |  |  | Other income, net
| (0.2) |  |  | — |  |  | Provision for income taxes
| $ | 0.6 |  |  | $ | 0.1 |  |  | Net of tax

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration