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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2024
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, 2024:
($ in millions) | Derivatives |  | Change in 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 | (6.3) |  |  | (0.2) |  |  | — |  |  | (68.0) |  |  | (74.5) |
Amounts reclassified out from accumulated other comprehensive (loss) income | 1.8 |  |  | — |  |  | (0.4) |  |  | — |  |  | 1.4 |
Other comprehensive (loss) income, net of tax | (4.5) |  |  | (0.2) |  |  | (0.4) |  |  | (68.0) |  |  | (73.1) |
Balance, June 30, 2024 | $ | (4.5) |  |  | $ | 2.1 |  |  | $ | (10.5) |  |  | $ | (204.0) |  |  | $ | (216.9) |
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) | 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) |
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 |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
(Losses) gains on derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | 0.1 |  |  | $ | (0.6) |  |  | $ | 0.2 |  |  | $ | (1.3) |  |  | Net sales
Foreign currency contracts |  | (1.8) |  |  | (0.6) |  |  | (3.4) |  |  | (0.6) |  |  | Cost of goods and services sold
Foreign currency contracts |  | 1.0 |  |  | (2.8) |  |  | 1.0 |  |  | (2.8) |  |  | Other expense (income)
Forward treasury locks |  | — |  |  | — |  |  | (0.1) |  |  | (0.1) |  |  | Interest expense
Total before tax |  | (0.7) |  |  | (4.0) |  |  | (2.3) |  |  | (4.8) |  |  |
Tax benefit |  | 0.1 |  |  | 1.2 |  |  | 0.5 |  |  | 1.3 |  |  |
Net of tax |  | $ | (0.6) |  |  | $ | (2.8) |  |  | $ | (1.8) |  |  | $ | (3.5) |  |  |
Amortization of defined benefit pension and other postretirement plans: |  |  |  |  |  |  |  |  |  |
Actuarial gains |  | $ | 0.2 |  |  | $ | 0.4 |  |  | $ | 0.5 |  |  | $ | 0.8 |  |  | (a)
Other |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |  |  |
Total before tax |  | 0.2 |  |  | 0.8 |  |  | 0.5 |  |  | 1.2 |  |  |
Tax expense |  | — |  |  | (0.2) |  |  | (0.1) |  |  | (0.3) |  |  |
Net of tax |  | $ | 0.2 |  |  | $ | 0.6 |  |  | $ | 0.4 |  |  | $ | 0.9 |  |  |
Total reclassifications for the period, net of tax |  | $ | (0.4) |  |  | $ | (2.2) |  |  | $ | (1.4) |  |  | $ | (2.6) |  |  |
(a) This component is included in the computation of net periodic benefit cost.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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