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ACCUMULATED OTHER COMPREHENSIVE LOSS | 12 Months Ended
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Dec. 31, 2024
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, 2024, 2023, and 2022.
| Foreign Currency Translation Adjustments |  | Unrealized Gain (Loss) on Hedges |  | Unrealized (Loss) Gain on Available-for-sale Investments |  | Unrealized Pension (Costs) Credits (a) |  | Total Accumulated Other Comprehensive Loss
| (in millions)
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) |
Other comprehensive (loss) income before reclassifications | (49.9) |  |  | 91.0 |  |  | 34.8 |  |  | (0.2) |  |  | 75.7 |
Amounts reclassified from accumulated other comprehensive loss | (7.0) |  |  | (40.6) |  |  | (12.5) |  |  | 0.6 |  |  | (59.5) |
Deferred income tax expense | (2.7) |  |  | (13.4) |  |  | (1.5) |  |  | (0.3) |  |  | (17.9) |
December 31, 2024 | $ | (274.1) |  |  | $ | 37.7 |  |  | $ | (4.0) |  |  | $ | (4.1) |  |  | $ | (244.5) |
_______________________________________________________________________________ (a)For the years ended December 31, 2024, 2023, and 2022, the change in unrealized pension costs consisted of the following (in millions):
| Pre-Tax Amount |  | Tax (Expense) Benefit |  | Net of Tax Amount
2024 |  |  |  |  |
Prior service credit arising during period | $ | — |  |  | $ | (0.1) |  |  | $ | (0.1) |
Amortization of prior service credit | (0.8) |  |  | 0.2 |  |  | (0.6) |
Net prior service cost arising during period | (0.8) |  |  | 0.1 |  |  | (0.7) |
Net actuarial loss arising during period | 1.2 |  |  | (0.4) |  |  | 0.8 |
Unrealized pension costs, net | $ | 0.4 |  |  | $ | (0.3) |  |  | $ | 0.1 |
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 gain arising during period | (11.8) |  |  | 1.0 |  |  | (10.8) |
Unrealized pension credits, net | $ | (11.9) |  |  | $ | 2.0 |  |  | $ | (9.9) |
2022 |  |  |  |  |
Prior service cost 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 |
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 | 2024 |  | 2023 |  | Affected Line on Consolidated Statements of Operations
Foreign currency translation adjustments | $ | 7.0 |  |  | $ | 6.9 |  |  | Other non-operating income, net
| (1.7) |  |  | (1.7) |  |  | Provision for income taxes
| $ | 5.3 |  |  | $ | 5.2 |  |  | Net of tax
Gain (loss) on hedges | $ | 35.8 |  |  | $ | 58.9 |  |  | Cost of sales
| 4.8 |  |  | 13.9 |  |  | Other non-operating income, net
| 40.6 |  |  | 72.8 |  |  | Total before tax
| (10.1) |  |  | (15.8) |  |  | Provision for income taxes
| $ | 30.5 |  |  | $ | 57.0 |  |  | Net of tax
(Loss) gain on available-for-sale investments | $ | 12.5 |  |  | $ | (8.1) |  |  | Other non-operating income, net
| (3.1) |  |  | 2.2 |  |  | Provision for income taxes
| $ | 9.4 |  |  | $ | (5.9) |  |  | Net of tax
Amortization of pension adjustments | $ | (0.6) |  |  | $ | 0.8 |  |  | Other non-operating income, net
| 0.5 |  |  | (0.2) |  |  | Provision for income taxes
| $ | (0.1) |  |  | $ | 0.6 |  |  | Net of tax

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- 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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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
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