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Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following table presents the changes in the components of accumulated other comprehensive loss, net of tax:
($ in millions) | Derivatives |  | 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 | 0.5 |  |  | 0.1 |  |  | (9.3) |  |  | (47.3) |  |  | (56.0) |
Amounts reclassified out | 0.9 |  |  | — |  |  | 31.7 |  |  | — |  |  | 32.6 |
Other comprehensive (loss) income, net of tax | 1.4 |  |  | 0.1 |  |  | 22.4 |  |  | (47.3) |  |  | (23.4) |
Balance, December 31, 2022 | 0.2 |  |  | 1.6 |  |  | (9.4) |  |  | (175.4) |  |  | (183.0) |
Other comprehensive income (loss) before reclassifications | (6.8) |  |  | 0.7 |  |  | 0.8 |  |  | 39.4 |  |  | 34.1 |
Amounts reclassified out | 6.6 |  |  | — |  |  | (1.5) |  |  | — |  |  | 5.1 |
Other comprehensive income (loss), net of tax | (0.2) |  |  | 0.7 |  |  | (0.7) |  |  | 39.4 |  |  | 39.2 |
Balance, December 31, 2023 | — |  |  | 2.3 |  |  | (10.1) |  |  | (136.0) |  |  | (143.8) |
Other comprehensive (loss) income before reclassifications | (5.6) |  |  | 0.2 |  |  | 1.1 |  |  | (112.3) |  |  | (116.6) |
Amounts reclassified out | 3.1 |  |  | — |  |  | (0.8) |  |  | — |  |  | 2.3 |
Other comprehensive (loss) income, net of tax | (2.5) |  |  | 0.2 |  |  | 0.3 |  |  | (112.3) |  |  | (114.3) |
Balance, December 31, 2024 | $ | (2.5) |  |  | $ | 2.5 |  |  | $ | (9.8) |  |  | $ | (248.3) |  |  | $ | (258.1) |
A summary of the reclassifications out of accumulated other comprehensive loss is presented in the following table ($ in millions):
Detail of components |  | 2024 |  | 2023 |  | 2022 |  | Location on Statement of Income
Gains (losses) on derivatives: |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | 0.5 |  |  | $ | (1.5) |  |  | $ | 1.4 |  |  | Net sales
Foreign currency contracts |  | (5.5) |  |  | (3.1) |  |  | (4.1) |  |  | Cost of goods and services sold
Foreign currency contracts |  | 1.0 |  |  | (4.2) |  |  | 2.4 |  |  | Other expense (income)
Forward treasury locks |  | (0.1) |  |  | (0.3) |  |  | (0.3) |  |  | Interest expense
Total before tax |  | (4.1) |  |  | (9.1) |  |  | (0.6) |  |  |
Tax benefit (expense) |  | 1.0 |  |  | 2.5 |  |  | (0.3) |  |  |
Net of tax |  | $ | (3.1) |  |  | $ | (6.6) |  |  | $ | (0.9) |  |  |
Amortization of defined benefit pension and other postretirement plans: |  |  |  |  |  |  |  |
Actuarial gains |  | $ | 1.0 |  |  | $ | 1.7 |  |  | $ | 0.6 |  |  | (a)
Settlements |  | — |  |  | (0.1) |  |  | (52.2) |  |  | (a)
Other |  | — |  |  | 0.4 |  |  | (0.4) |  |  | (a)
Total before tax |  | 1.0 |  |  | 2.0 |  |  | (52.0) |  |  |
Tax (expense) benefit |  | (0.2) |  |  | (0.5) |  |  | 20.3 |  |  |
Net of tax |  | $ | 0.8 |  |  | $ | 1.5 |  |  | $ | (31.7) |  |  |
Total reclassifications for the period, net of tax |  | $ | (2.3) |  |  | $ | (5.1) |  |  | $ | (32.6) |  |  |
(a) These components are included in the computation of net periodic benefit cost. Please refer to Note 15, Benefit Plans, for additional details.

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