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Changes in Accumulated Other Comprehensive Loss | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Changes in Accumulated Other Comprehensive Loss | Changes in Accumulated Other Comprehensive Loss The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on our Condensed Consolidated Balance Sheets.
(in millions) | Defined Benefit Pension and Postretirement Items |  | Currency Translation Adjustment |  | Total a
Balance as of December 31, 2022 | $ | (271.9) |  |  | $ | (231.4) |  |  | $ | (503.3) |
| Other comprehensive income before reclassifications | — |  |  | (2.1) |  |  | (2.1) |
| Amounts reclassified from accumulated other comprehensive loss | 8.9 |  |  | — |  |  | 8.9 |
Net period other comprehensive income | 8.9 |  |  | (2.1) |  |  | 6.8 |
| Distribution of Crane NXT, Co. | (8.9) |  |  | 423.4 |  |  | 414.5 |
Balance as of September 30, 2023 | $ | (271.9) |  |  | $ | 189.9 |  |  | $ | (82.0) |
a | Net of tax benefit of $109.3 million and $106.6 million as of September 30, 2023 and December 31, 2022, respectively.
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2023 and 2022. Amortization of pension and postretirement components has been recorded within “Miscellaneous income (expense), net” on our Condensed Consolidated Statements of Operations.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Amortization of pension items: |  |  |  |  |  |  |  |
Prior service costs (benefit) |  | $ | 0.5 |  |  | $ | — |  |  | $ | 0.5 |  |  | $ | (0.1) |
Net loss |  | $ | 3.9 |  |  | $ | 3.3 |  |  | $ | 11.5 |  |  | $ | 12.9 |
Amortization of postretirement items: |  |  |  |  |  |  |  |
Prior service costs (benefit) |  | 0.2 |  |  | (0.3) |  |  | (0.3) |  |  | (0.8) |
Net loss (benefit) |  | 0.2 |  |  | — |  |  | (0.2) |  |  | — |
Total before tax |  | $ | 4.8 |  |  | $ | 3.0 |  |  | $ | 11.5 |  |  | $ | 12.0 |
Tax impact |  | 1.2 |  |  | 0.8 |  |  | 2.6 |  |  | 2.9 |
Total reclassifications for the period |  | $ | 3.6 |  |  | $ | 2.2 |  |  | $ | 8.9 |  |  | $ | 9.1 |

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