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Comprehensive Income (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Items not reclassified in their entirety from Accumulated Other Comprehensive Income to Net Income | The following table provides information on items not reclassified in their entirety from AOCL to Net Income in the accompanying Consolidated Statements of Operations (in millions):
|  | For the Years Ended December 31, |  |
AOCL Component |  | 2023 |  | 2022 |  | Affected Line Item(s) in the Consolidated Statements of Operations
Gains/(Losses) on cash flow hedges: |  |  |  |  |  |
Derivative contracts |  | $ | (0.4) |  |  | $ | 9.7 |  |  | Cost of goods sold; Losses (gains) and other expenses, net
Income tax benefit (expense) |  | 0.1 |  |  | (2.2) |  |  | Provision for income taxes
Net of tax |  | $ | (0.3) |  |  | $ | 7.5 |  |  |
Defined Benefit Plan Items: |  |  |  |  |  |
Pension and post-retirement benefits costs |  | $ | (5.5) |  |  | $ | (5.4) |  |  | Cost of goods sold; Selling, general, administrative expenses and other (income) expense, net
Pension settlements |  | (0.8) |  |  | 0.2 |  |  | Pension settlements
Pension adjustments upon sale of businesses |  | 1.8 |  |  | — |  |  | Gain on sale of businesses
Income tax benefit |  | 1.6 |  |  | 1.3 |  |  | Provision for income taxes
Net of tax |  | $ | (2.9) |  |  | $ | (3.9) |  |  |
Foreign currency translation adjustments: |  |  |  |  |  |
Foreign currency adjustments upon sale of businesses |  | $ | (15.8) |  |  | $ | — |  |  | Gain on sale of businesses
Income tax expense |  | — |  |  | — |  |  | Provision for income taxes
Net of tax |  | $ | (15.8) |  |  | $ | — |  |  |
Total reclassifications from AOCL |  | $ | (19.0) |  |  | $ | 3.6 |  |  |
Changes in AOCI by component (net of tax) | The following tables provide information on changes in AOCL, by component (net of tax), for the years ended December 31, 2023 and 2022 (in millions):
|  | Gains (Loss) on Cash Flow Hedges |  | Share of equity method investments other comprehensive income |  | Defined Benefit Plan Items |  | Foreign Currency Translation Adjustments |  | Total AOCL
Balance as of December 31, 2022 |  | $ | (4.9) |  |  | $ | (0.5) |  |  | $ | (46.2) |  |  | $ | (39.0) |  |  | $ | (90.6) |
Other comprehensive income (loss) before reclassifications |  | 2.6 |  |  | 1.1 |  |  | (0.9) |  |  | 11.9 |  |  | 14.7 |
Amounts reclassified from AOCL |  | 0.3 |  |  | — |  |  | 2.9 |  |  | 15.8 |  |  | 19.0 |
Net other comprehensive income |  | 2.9 |  |  | 1.1 |  |  | 2.0 |  |  | 27.7 |  |  | 33.7 |
Balance as of December 31, 2023 |  | $ | (2.0) |  |  | $ | 0.6 |  |  | $ | (44.2) |  |  | $ | (11.3) |  |  | $ | (56.9) |
|  | Gains (Losses) on Cash Flow Hedges |  | Share of equity method investments other comprehensive income |  | Defined Benefit 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 |  | (8.1) |  |  | 0.7 |  |  | 18.7 |  |  | (10.2) |  |  | 1.1 |
Amounts reclassified from AOCL |  | (7.5) |  |  | — |  |  | 3.9 |  |  | — |  |  | (3.6) |
Net other comprehensive income |  | (15.6) |  |  | 0.7 |  |  | 22.6 |  |  | (10.2) |  |  | (2.5) |
Balance as of December 31, 2022 |  | $ | (4.9) |  |  | $ | (0.5) |  |  | $ | (46.2) |  |  | $ | (39.0) |  |  | $ | (90.6) |

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