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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the six months ended June 30, 2023:
($ in millions) | (Losses) gains on derivatives |  | Change in equity affiliate investment AOCI |  | Defined benefit pension and other postretirement plans |  | Foreign currency translation |  | Total
Balance, December 31, 2022 | $ | 0.2 |  |  | $ | 1.6 |  |  | $ | (9.4) |  |  | $ | (175.4) |  |  | $ | (183.0) |
Other comprehensive (loss) income before reclassifications | (6.5) |  |  | (0.1) |  |  | (0.5) |  |  | 4.0 |  |  | (3.1) |
Amounts reclassified out from accumulated other comprehensive (loss) income | 3.5 |  |  | — |  |  | (0.9) |  |  | — |  |  | 2.6 |
Other comprehensive (loss) income, net of tax | (3.0) |  |  | (0.1) |  |  | (1.4) |  |  | 4.0 |  |  | (0.5) |
Balance, June 30, 2023 | $ | (2.8) |  |  | $ | 1.5 |  |  | $ | (10.8) |  |  | $ | (171.4) |  |  | $ | (183.5) |
The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the six months ended June 30, 2022:
($ in millions) | (Losses) gains on derivatives |  | Change in equity affiliate investment AOCI |  | Defined benefit pension and other postretirement plans |  | Foreign currency translation |  | Total
Balance, December 31, 2021 | $ | (1.2) |  |  | $ | 1.5 |  |  | $ | (31.8) |  |  | $ | (128.1) |  |  | $ | (159.6) |
Other comprehensive (loss) income before reclassifications | (2.3) |  |  | (0.1) |  |  | 1.6 |  |  | (86.5) |  |  | (87.3) |
Amounts reclassified out from accumulated other comprehensive (loss) income | (0.2) |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.0 |
Other comprehensive (loss) income, net of tax | (2.5) |  |  | (0.1) |  |  | 2.8 |  |  | (86.5) |  |  | (86.3) |
Balance, June 30, 2022 | $ | (3.7) |  |  | $ | 1.4 |  |  | $ | (29.0) |  |  | $ | (214.6) |  |  | $ | (245.9) |
A summary of the reclassifications out from accumulated other comprehensive loss is presented in the following table:
($ in millions) |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Location on Statement of Income
Detail of components |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
Gains (losses) on derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | (0.6) |  |  | $ | 0.4 |  |  | $ | (1.3) |  |  | $ | 0.7 |  |  | Net sales
Foreign currency contracts |  | (0.6) |  |  | (1.2) |  |  | (0.6) |  |  | (1.7) |  |  | Cost of goods and services sold
Foreign currency contracts |  | (2.8) |  |  | 1.8 |  |  | (2.8) |  |  | 1.8 |  |  | Other expense (income)
Forward treasury locks |  | — |  |  | (0.1) |  |  | (0.1) |  |  | (0.2) |  |  | Interest expense
Total before tax |  | (4.0) |  |  | 0.9 |  |  | (4.8) |  |  | 0.6 |  |  |
Tax benefit (expense) |  | 1.2 |  |  | (0.4) |  |  | 1.3 |  |  | (0.4) |  |  |
Net of tax |  | $ | (2.8) |  |  | $ | 0.5 |  |  | $ | (3.5) |  |  | $ | 0.2 |  |  |
Amortization of defined benefit pension and other postretirement plans: |  |  |  |  |  |  |  |  |  |
Actuarial gains |  | $ | 0.4 |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | — |  |  | (a)
Settlements |  | — |  |  | (0.6) |  |  | — |  |  | (1.2) |  |  | (a)
Other |  | 0.4 |  |  | (0.4) |  |  | 0.4 |  |  | (0.4) |  |  |
Total before tax |  | 0.8 |  |  | (1.0) |  |  | 1.2 |  |  | (1.6) |  |  |
Tax (expense) benefit |  | (0.2) |  |  | 0.3 |  |  | (0.3) |  |  | 0.4 |  |  |
Net of tax |  | $ | 0.6 |  |  | $ | (0.7) |  |  | $ | 0.9 |  |  | $ | (1.2) |  |  |
Total reclassifications for the period, net of tax |  | $ | (2.2) |  |  | $ | (0.2) |  |  | $ | (2.6) |  |  | $ | (1.0) |  |  |
(a) These components are included in the computation of net periodic benefit cost. Please refer to Note 14, Benefit Plans, for additional details.

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