Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Income (Loss)

The following is a summary of net changes in Accumulated OCI by component and net of tax for 2022 and 2021:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance at beginning of 2021	$	(74.7)	$	10.5	$	(301.6)	$	(365.8)
Other comprehensive income (loss) before reclassifications	(69.4)		—		66.5		(2.9)
Amounts reclassified from Accumulated OCI	(1.0)		(1.6)		27.4		24.8
Net other comprehensive income (loss)	(70.4)		(1.6)		93.9		21.9
Balance as of 2021 year end	$	(145.1)	$	8.9	$	(207.7)	$	(343.9)
Other comprehensive loss before reclassifications	(127.4)		—		(69.0)		(196.4)
Amounts reclassified from Accumulated OCI	—		(1.6)		13.6		12.0
Net other comprehensive loss	(127.4)		(1.6)		(55.4)		(184.4)
Balance as of 2022 year end	$	(272.5)	$	7.3	$	(263.1)	$	(528.3)

The reclassifications out of Accumulated OCI in 2022 and 2021 are as follows:


	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2022		2021
Foreign currency loss from sale of equity interest:
Foreign currency	$	—	$	1.0	Other income (expense) - net
Income tax expense	—		—		Income tax expense
Net of tax	—		1.0
Gains on cash flow hedges:
Treasury locks	1.6		1.6		Interest expense
Income tax expense	—		—		Income tax expense
Net of tax	1.6		1.6
Amortization of net unrecognized losses and prior service credits	(18.1)		(36.4)		See footnote below*
Income tax benefit	4.5		9.0		Income tax expense
Net of tax	(13.6)		(27.4)
Total reclassifications for the period, net of tax	$	(12.0)	$	(24.8)

These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 12 and Note 13 for further information.