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Changes in Accumulated Other Comprehensive Loss by Component (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Changes to Accumulated Other Comprehensive Loss by Component | Changes to accumulated other comprehensive loss by component are as follows:
(dollars in millions) | Three Months Ended September 30, |
| 2024 |  |  | 2023 |
Cumulative foreign currency translation |  |  |  |  |
Balance at beginning of period | $ | (87.5) |  |  |  | $ | (82.6) |  |
Other comprehensive gain (loss) before reclassifications | 7.6 |  |  |  | (6.9) |  |
Balance at end of period | (79.9) |  |  |  | (89.5) |  |
Unrealized net gain on cash flow derivatives |  |  |  |  |
Balance at beginning of period | — |  |  |  | 3.3 |  |
Other comprehensive (loss) gain before reclassifications | (0.6) |  |  |  | 1.1 |  |
Realized gains on derivatives reclassified to cost of products sold (net of income tax provision of $0.1 and $0.6 in 2024 and 2023, respectively) | (0.3) |  |  |  | (1.9) |  |
Balance at end of period | (0.9) |  |  |  | 2.5 |  |
Pension liability |  |  |  |  |
Balance at beginning of period | (4.5) |  |  |  | (3.1) |  |
Amounts reclassified from accumulated other comprehensive loss:(1) | 0.1 |  |  |  | — |  |
Balance at end of period | (4.4) |  |  |  | (3.1) |  |
Accumulated other comprehensive loss, end of period | $ | (85.2) |  |  |  | $ | (90.1) |  |
(1) Amortization of pension items: |  |  |  |  |
Actuarial losses | $ | 0.1 |  |  |  | $ | — |  | (2)
| 0.1 |  |  |  | — |  |
Income tax benefit | — |  |  |  | — |  |
Reclassification net of income tax benefit | $ | 0.1 |  |  |  | $ | — |  |
(2)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 - Pensions for additional details. Changes to accumulated other comprehensive loss by component are as follows:
(dollars in millions) | Nine Months Ended September 30, |
| 2024 |  |  | 2023 |
Cumulative foreign currency translation |  |  |  |  |
Balance at beginning of period | $ | (80.3) |  |  |  | $ | (84.1) |  |
Other comprehensive gain (loss) before reclassifications | 0.4 |  |  |  | (5.4) |  |
Balance at end of period | (79.9) |  |  |  | (89.5) |  |
Unrealized net gain on cash flow derivatives |  |  |  |  |
Balance at beginning of period | 0.7 |  |  |  | 4.9 |  |
Other comprehensive (loss) gain before reclassifications | (0.2) |  |  |  | 2.7 |  |
Realized gains on derivatives reclassified to cost of products sold (net of income tax provision of $0.5 and $1.6 in 2024 and 2023, respectively) | (1.4) |  |  |  | (5.1) |  |
Balance at end of period | (0.9) |  |  |  | 2.5 |  |
Pension liability |  |  |  |  |
Balance at beginning of period | (4.6) |  |  |  | (3.2) |  |
Amounts reclassified from accumulated other comprehensive loss:(1) | 0.2 |  |  |  | 0.1 |  |
Balance at end of period | (4.4) |  |  |  | (3.1) |  |
Accumulated other comprehensive loss, end of period | $ | (85.2) |  |  |  | $ | (90.1) |  |
(1) Amortization of pension items: |  |  |  |  |
Actuarial losses | $ | 0.2 |  |  |  | $ | 0.1 |  | (2)
Prior year service cost | 0.1 |  |  |  | 0.1 |  | (2)
| 0.3 |  |  |  | 0.2 |  |
Income tax benefit | (0.1) |  |  |  | (0.1) |  |
Reclassification net of income tax benefit | $ | 0.2 |  |  |  | $ | 0.1 |  |
(2)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 - Pensions for additional details.

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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