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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | A summary of the changes in Accumulated other comprehensive loss (net of tax) for the six months ended June 30, 2024 is provided below (in millions):
(debit) credit | Cash flow hedge gain (loss) | Unrealized gain (loss) on available-for- sale securities | Pension and post retirement benefit plan adjustment | Cumulative translation adjustment | Total
BALANCE AT DECEMBER 31, 2023 | $ | (0.3) |  | $ | (0.2) |  | $ | (178.4) |  | $ | (133.5) |  | $ | (312.4) |
Other comprehensive income (loss) before reclassifications | 0.6 |  | (0.4) |  | — |  | (30.9) |  | (30.7) |
Amounts reclassified from accumulated other comprehensive income (loss) | (0.1) |  | — |  | 4.2 |  | — |  | 4.1 |
Current period other comprehensive income (loss) | 0.5 |  | (0.4) |  | 4.2 |  | (30.9) |  | (26.6) |
BALANCE AT JUNE 30, 2024 | $ | 0.2 |  | $ | (0.6) |  | $ | (174.2) |  | $ | (164.4) |  | $ | (339.0) |
Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss | A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 30, 2024 and 2023 is provided below (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30, |
Details about Accumulated Other Comprehensive Loss Components | 2024 | 2023 |  | 2024 | 2023 | Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss): |  |  |  |  |  |
Forward exchange contracts | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  | Net sales
| 0.1 |  | 0.3 |  |  | 0.2 |  | 0.7 |  | Cost of goods sold
| — |  | — |  |  | — |  | — |  | Other expense, net
| 0.1 |  | 0.3 |  |  | 0.2 |  | 0.7 |  | Total before tax
| (0.1) |  | (0.1) |  |  | (0.1) |  | (0.2) |  | Tax benefit (expense)
| $ | — |  | $ | 0.2 |  |  | $ | 0.1 |  | $ | 0.5 |  | Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items: |  |  |  |  |  |
Prior-service costs (a) | $ | (0.1) |  | $ | (0.1) |  |  | $ | (0.2) |  | $ | (0.2) |  |
Actuarial gains (losses) (a) | (2.2) |  | (2.5) |  |  | (5.2) |  | (5.0) |  |
| (2.3) |  | (2.6) |  |  | (5.4) |  | (5.2) |  | Total before tax
| 0.6 |  | 0.6 |  |  | 1.2 |  | 1.8 |  | Tax benefit (expense)
| $ | (1.7) |  | $ | (2.0) |  |  | $ | (4.2) |  | $ | (3.4) |  | Gain (loss) net of tax
Gains (losses) reclassified into earnings | $ | (1.7) |  | $ | (1.8) |  |  | $ | (4.1) |  | $ | (2.9) |  | Gain (loss) net of tax
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).

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