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Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Reclassification out of accumulated other comprehensive income | The following table provides information on items reclassified from AOCL to Net income in the accompanying Consolidated Statements of Operations (in millions):
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, |  | Affected Line Item(s) in the Consolidated Statements of Operations
|  | 2022 |  | 2021 |  | 2022 |  | 2021 |
Gains (Losses) on Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |
Derivatives contracts |  | $ | 8.8 |  |  | $ | 9.1 |  |  | $ | 16.2 |  |  | $ | 13.5 |  |  | Cost of goods sold; Losses (gains) and other expenses, net
Income tax expense |  | (2.1) |  |  | (2.1) |  |  | (3.7) |  |  | (3.1) |  |  | Provision for income taxes
Net of tax |  | $ | 6.7 |  |  | $ | 7.0 |  |  | $ | 12.5 |  |  | $ | 10.4 |  |  |
Defined Benefit Plan items: |  |  |  |  |  |  |  |  |  |
Pension and post-retirement benefit costs |  | $ | (1.4) |  |  | $ | (2.1) |  |  | $ | (2.9) |  |  | $ | (4.3) |  |  | Other expense (income), net
Pension settlements |  | (0.2) |  |  | — |  |  | (0.3) |  |  | (0.7) |  |  | Pension settlements
Income tax benefit |  | 0.4 |  |  | 0.5 |  |  | 0.8 |  |  | 1.2 |  |  | Provision for income taxes
Net of tax |  | $ | (1.2) |  |  | $ | (1.6) |  |  | $ | (2.4) |  |  | $ | (3.8) |  |  |
Total reclassifications from AOCL |  | $ | 5.5 |  |  | $ | 5.4 |  |  | $ | 10.1 |  |  | $ | 6.6 |  |  |
Changes in AOCI by component (net of tax) | The following table provides information on changes in AOCL, by component (net of tax), for the six months ended June 30, 2022 (in millions):
|  | Gains (Losses) on Cash Flow Hedges |  | Share of equity method investments other comprehensive income |  | Defined Benefit Pension Plan Items |  | Foreign Currency Translation Adjustments |  | Total AOCL
Balance as of December 31, 2021 |  | $ | 10.7 |  |  | $ | (1.2) |  |  | $ | (68.8) |  |  | $ | (28.8) |  |  | $ | (88.1) |
Other comprehensive (loss) income before reclassifications |  | (8.9) |  |  | 0.7 |  |  | (2.4) |  |  | (9.1) |  |  | (19.7) |
Amounts reclassified from AOCL |  | (12.5) |  |  | — |  |  | 2.4 |  |  | — |  |  | (10.1) |
Net other comprehensive (loss) income |  | (21.4) |  |  | 0.7 |  |  | — |  |  | (9.1) |  |  | (29.8) |
Balance as of June 30, 2022 |  | $ | (10.7) |  |  | $ | (0.5) |  |  | $ | (68.8) |  |  | $ | (37.9) |  |  | $ | (117.9) |

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