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Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2021
Accounting Policies [Abstract] |
Summary of Receivables Sold | The following table sets forth a summary of receivables sold:
In millions | Six Months Ended June 30, 2021 |  | Six Months Ended June 30, 2020
Gross receivables sold/cash proceeds received | $ | 568.8 |  |  | $ | 293.9 |
Collections reinvested under revolving agreement | 486.8 |  |  | 193.9 |
Net cash proceeds received | $ | 82.0 |  |  | $ | 100.0 |
Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax | The changes in Accumulated other comprehensive loss by component, net of tax, for the three months ended June 30, 2021 are as follows:
In millions | Foreign currency translation |  | Derivative contracts |  | Pension and post retirement benefit plans |  | Total
Balance at March 31, 2021 | $ | (321.9) |  |  | $ | (3.5) |  |  | $ | (83.6) |  |  | $ | (409.0) |
Other comprehensive income (loss) before reclassifications | 33.8 |  |  | 0.4 |  |  | (1.8) |  |  | 32.4 |
Amounts reclassified from Accumulated other comprehensive loss | — |  |  | — |  |  | 0.8 |  |  | 0.8 |
Other comprehensive income (loss), net | 33.8 |  |  | 0.4 |  |  | (1.0) |  |  | 33.2 |
Balance at June 30, 2021 | $ | (288.1) |  |  | $ | (3.1) |  |  | $ | (84.6) |  |  | $ | (375.8) |
The changes in Accumulated other comprehensive loss by component, net of tax, for the three months ended June 30, 2020 are as follows:
In millions | Foreign currency translation |  | Derivative contracts |  | Pension and post retirement benefit plans |  | Total
Balance at March 31, 2020 | $ | (490.0) |  |  | $ | 2.8 |  |  | $ | (73.4) |  |  | $ | (560.6) |
Other comprehensive income (loss) before reclassifications | 29.2 |  |  | (6.9) |  |  | (0.3) |  |  | 22.0 |
Amounts reclassified from Accumulated other comprehensive loss | — |  |  | — |  |  | 0.8 |  |  | 0.8 |
Other comprehensive income (loss), net | 29.2 |  |  | (6.9) |  |  | 0.5 |  |  | 22.8 |
Balance at June 30, 2020 | $ | (460.8) |  |  | $ | (4.1) |  |  | $ | (72.9) |  |  | $ | (537.8) |
The changes in Accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2021 are as follows:
In millions | Foreign currency translation |  | Derivative contracts |  | Pension and post retirement benefit plans |  | Total
Balance at December 31, 2020 | $ | (260.2) |  |  | $ | 2.4 |  |  | $ | (81.3) |  |  | $ | (339.1) |
Other comprehensive loss before reclassifications | (27.9) |  |  | (5.5) |  |  | (4.8) |  |  | (38.2) |
Amounts reclassified from Accumulated other comprehensive loss | — |  |  | — |  |  | 1.5 |  |  | 1.5 |
Other comprehensive loss, net | (27.9) |  |  | (5.5) |  |  | (3.3) |  |  | (36.7) |
Balance at June 30, 2021 | $ | (288.1) |  |  | $ | (3.1) |  |  | $ | (84.6) |  |  | $ | (375.8) |
The changes in Accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2020 are as follows:
In millions | Foreign currency translation |  | Derivative contracts |  | Pension and post retirement benefit plans |  | Total
Balance at December 31, 2019 | $ | (308.6) |  |  | $ | (3.3) |  |  | $ | (70.7) |  |  | $ | (382.6) |
Other comprehensive loss before reclassifications | (152.2) |  |  | (0.8) |  |  | (3.7) |  |  | (156.7) |
Amounts reclassified from Accumulated other comprehensive loss | — |  |  | — |  |  | 1.5 |  |  | 1.5 |
Other comprehensive loss, net | (152.2) |  |  | (0.8) |  |  | (2.2) |  |  | (155.2) |
Balance at June 30, 2020 | $ | (460.8) |  |  | $ | (4.1) |  |  | $ | (72.9) |  |  | $ | (537.8) |

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