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Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Summary of Receivables Sold

The following table sets forth a summary of receivables sold:

In millions			Nine Months Ended September 30, 2021						Nine Months Ended September 30, 2020
Gross receivables sold/cash proceeds received			$	959.1					$	583.0
Collections reinvested under revolving agreement			874.9						485.5
Net cash proceeds received			$	84.2					$	97.5

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 September 30, 2021 are as follows:

In millions			Foreign currency translation						Derivative contracts						Pension and post retirement benefit plans						Total
Balance at June 30, 2021			$	(288.1)					$	(3.1)					$	(84.6)					$	(375.8)
Other comprehensive (loss) income before reclassifications			(59.9)						(0.3)						2.7						(57.5)
Amounts reclassified from Accumulated other comprehensive loss			—						—						0.7						0.7
Other comprehensive (loss) income, net			(59.9)						(0.3)						3.4						(56.8)
Balance at September 30, 2021			$	(348.0)					$	(3.4)					$	(81.2)					$	(432.6)

The changes in Accumulated other comprehensive loss by component, net of tax, for the three months ended September 30, 2020 are as follows:

In millions			Foreign currency translation						Derivative contracts						Pension and post retirement benefit plans						Total
Balance at June 30, 2020			$	(460.8)					$	(4.1)					$	(72.9)					$	(537.8)
Other comprehensive income (loss) before reclassifications			53.8						2.2						(1.1)						54.9
Amounts reclassified from Accumulated other comprehensive loss			—						—						0.7						0.7
Other comprehensive income (loss), net			53.8						2.2						(0.4)						55.6
Balance at September 30, 2020			$	(407.0)					$	(1.9)					$	(73.3)					$	(482.2)

The changes in Accumulated other comprehensive loss by component, net of tax, for the nine months ended September 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			(87.8)						(5.8)						(2.1)						(95.7)
Amounts reclassified from Accumulated other comprehensive loss			—						—						2.2						2.2
Other comprehensive (loss) income, net			(87.8)						(5.8)						0.1						(93.5)
Balance at September 30, 2021			$	(348.0)					$	(3.4)					$	(81.2)					$	(432.6)

The changes in Accumulated other comprehensive loss by component, net of tax, for the nine months ended September 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) income before reclassifications			(98.4)						1.4						(4.8)						(101.8)
Amounts reclassified from Accumulated other comprehensive loss			—						—						2.2						2.2
Other comprehensive (loss) income, net			(98.4)						1.4						(2.6)						(99.6)
Balance at September 30, 2020			$	(407.0)					$	(1.9)					$	(73.3)					$	(482.2)

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
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