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Accumulated Other Comprehensive (Loss) Income
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income Accumulated Other Comprehensive (Loss) Income
The components of accumulated other comprehensive (loss) income are as follows:
 
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxes Accumulated other comprehensive loss
Balance at March 31, 2024$(42.4)$(2.5)$(44.9)
Other comprehensive loss before reclassifications, net of taxes(45.1)— (45.1)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes— — — 
Net current-period other comprehensive loss, net of taxes(45.1)— (45.1)
Balance at June 30, 2024$(87.5)$(2.5)$(90.0)
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive loss
Balance at March 31, 2023$(46.5)$(7.4)$(53.9)
Other comprehensive loss before reclassifications, net of taxes(1.7)— (1.7)
Amounts reclassified from accumulated other comprehensive loss, net of taxes— 0.2 0.2 
Net current-period other comprehensive (loss) income, net of taxes(1.7)0.2 (1.5)
Balance at June 30, 2023$(48.2)$(7.2)$(55.4)
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive income (loss)
Balance at December 31, 2023$13.2 $(2.4)$10.8 
Other comprehensive loss before reclassifications, net of taxes(100.7)— (100.7)
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes— (0.1)(0.1)
Net current-period other comprehensive loss, net of taxes(100.7)(0.1)(100.8)
Balance at June 30, 2024$(87.5)$(2.5)$(90.0)
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive loss
Balance at December 31, 2022$(50.5)$(7.5)$(58.0)
Other comprehensive income before reclassifications, net of taxes2.3 — 2.3 
Amounts reclassified from accumulated other comprehensive loss, net of taxes— 0.3 0.3 
Net current-period other comprehensive income, net of taxes2.3 0.3 2.6 
Balance at June 30, 2023$(48.2)$(7.2)$(55.4)
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(1)Foreign currency translation adjustments includes translation adjustments and net investment hedge, net of taxes. See Note 11, “Derivative Financial Instruments,” for further information related to the net investment hedge.