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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income ("AOCI") (Loss) | The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the nine months ended September 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 | (8.8) |  |  | (0.1) |  |  | (0.1) |  |  | (36.9) |  |  | (45.9) |
Amounts reclassified out from accumulated other comprehensive (loss) income | 7.0 |  |  | — |  |  | (1.1) |  |  | — |  |  | 5.9 |
Other comprehensive (loss) income, net of tax | (1.8) |  |  | (0.1) |  |  | (1.2) |  |  | (36.9) |  |  | (40.0) |
Balance, September 30, 2023 | $ | (1.6) |  |  | $ | 1.5 |  |  | $ | (10.6) |  |  | $ | (212.3) |  |  | $ | (223.0) |
The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the nine months ended September 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 | (3.5) |  |  | (0.2) |  |  | 2.9 |  |  | (162.5) |  |  | (163.3) |
Amounts reclassified out from accumulated other comprehensive (loss) income | 0.9 |  |  | — |  |  | 13.5 |  |  | — |  |  | 14.4 |
Other comprehensive (loss) income, net of tax | (2.6) |  |  | (0.2) |  |  | 16.4 |  |  | (162.5) |  |  | (148.9) |
Balance, September 30, 2022 | $ | (3.8) |  |  | $ | 1.3 |  |  | $ | (15.4) |  |  | $ | (290.6) |  |  | $ | (308.5) |
Schedule of Reclassification Out of Accumulated Other Comprehensive Loss | A summary of the reclassifications out of accumulated other comprehensive loss is presented in the following table:
($ in millions) |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  | Location on Statement of Income
Detail of components |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
Gains (losses) on derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | (0.2) |  |  | $ | 0.5 |  |  | $ | (1.5) |  |  | $ | 1.2 |  |  | Net sales
Foreign currency contracts |  | (1.4) |  |  | (1.2) |  |  | (2.0) |  |  | (2.9) |  |  | Cost of goods and services sold
Foreign currency contracts |  | (3.4) |  |  | (0.7) |  |  | (6.2) |  |  | 1.1 |  |  | Other expense (income)
Forward treasury locks |  | (0.1) |  |  | (0.1) |  |  | (0.2) |  |  | (0.3) |  |  | Interest expense
Total before tax |  | (5.1) |  |  | (1.5) |  |  | (9.9) |  |  | (0.9) |  |  |
Tax benefit (expense) |  | 1.6 |  |  | 0.4 |  |  | 2.9 |  |  | — |  |  |
Net of tax |  | $ | (3.5) |  |  | $ | (1.1) |  |  | $ | (7.0) |  |  | $ | (0.9) |  |  |
Amortization of defined benefit pension and other postretirement plans: |  |  |  |  |  |  |  |  |  |
Actuarial gains |  | $ | 0.3 |  |  | $ | 1.1 |  |  | $ | 1.1 |  |  | $ | 1.1 |  |  | (a)
Settlements |  | — |  |  | (27.6) |  |  | — |  |  | (28.8) |  |  | (a)
Other |  | — |  |  | — |  |  | 0.4 |  |  | (0.4) |  |  |
Total before tax |  | 0.3 |  |  | (26.5) |  |  | 1.5 |  |  | (28.1) |  |  |
Tax (expense) benefit |  | (0.1) |  |  | 14.2 |  |  | (0.4) |  |  | 14.6 |  |  |
Net of tax |  | $ | 0.2 |  |  | $ | (12.3) |  |  | $ | 1.1 |  |  | $ | (13.5) |  |  |
Total reclassifications for the period, net of tax |  | $ | (3.3) |  |  | $ | (13.4) |  |  | $ | (5.9) |  |  | $ | (14.4) |  |  |
(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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