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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Schedule of Components of 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 three months ended March 31, 2024:
($ in millions) | Derivatives |  | Equity affiliate investment AOCI |  | Defined benefit pension and other postretirement plans |  | Foreign currency translation |  | Total
Balance, December 31, 2023 | $ | — |  |  | $ | 2.3 |  |  | $ | (10.1) |  |  | $ | (136.0) |  |  | $ | (143.8) |
Other comprehensive (loss) income before reclassifications | (3.1) |  |  | (0.1) |  |  | — |  |  | (46.3) |  |  | (49.5) |
Amounts reclassified out from accumulated other comprehensive income (loss) | 1.2 |  |  | — |  |  | (0.2) |  |  | — |  |  | 1.0 |
Other comprehensive (loss) income, net of tax | (1.9) |  |  | (0.1) |  |  | (0.2) |  |  | (46.3) |  |  | (48.5) |
Balance, March 31, 2024 | $ | (1.9) |  |  | $ | 2.2 |  |  | $ | (10.3) |  |  | $ | (182.3) |  |  | $ | (192.3) |
The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the three months ended March 31, 2023:
($ in millions) | Derivatives |  | 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 income (loss) before reclassifications | (0.9) |  |  | — |  |  | (0.2) |  |  | 15.3 |  |  | 14.2 |
Amounts reclassified out from accumulated other comprehensive income (loss) | 0.7 |  |  | — |  |  | (0.3) |  |  | — |  |  | 0.4 |
Other comprehensive income (loss), net of tax | (0.2) |  |  | — |  |  | (0.5) |  |  | 15.3 |  |  | 14.6 |
Balance, March 31, 2023 | $ | — |  |  | $ | 1.6 |  |  | $ | (9.9) |  |  | $ | (160.1) |  |  | $ | (168.4) |
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 March 31, |  |  |  | Location on Statement of Income
Detail of components |  | 2024 |  | 2023 |  |  |  |  |
(Losses) gains on derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | 0.1 |  |  | $ | (0.7) |  |  |  |  |  |  | Net sales
Foreign currency contracts |  | (1.6) |  |  | — |  |  |  |  |  |  | Cost of goods and services sold
Forward treasury locks |  | (0.1) |  |  | (0.1) |  |  |  |  |  |  | Interest expense
Total before tax |  | (1.6) |  |  | (0.8) |  |  |  |  |  |  |
Tax benefit |  | 0.4 |  |  | 0.1 |  |  |  |  |  |  |
Net of tax |  | $ | (1.2) |  |  | $ | (0.7) |  |  |  |  |  |  |
Amortization of defined benefit pension and other postretirement plans: |  |  |  |  |  |  |  |  |  |
Actuarial gains |  | 0.3 |  |  | 0.4 |  |  |  |  |  |  | (a)
Total before tax |  | 0.3 |  |  | 0.4 |  |  |  |  |  |  |
Tax expense |  | (0.1) |  |  | (0.1) |  |  |  |  |  |  |
Net of tax |  | $ | 0.2 |  |  | $ | 0.3 |  |  |  |  |  |  |
Total reclassifications for the period, net of tax |  | $ | (1.0) |  |  | $ | (0.4) |  |  |  |  |  |  |
(a) These components are included in the computation of net periodic benefit cost.

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