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Accumulated Other Comprehensive Income
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income are as follows:
 
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxes Accumulated other comprehensive (loss) income
Balance at June 30, 2024$(87.5)$(2.5)$(90.0)
Other comprehensive income before reclassifications, net of taxes155.8 — 155.8 
Amounts reclassified from accumulated other comprehensive loss, net of income taxes— 0.1 0.1 
Net current-period other comprehensive income, net of taxes155.8 0.1 155.9 
Balance at September 30, 2024$68.3 $(2.4)$65.9 
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive loss
Balance at June 30, 2023$(48.2)$(7.2)$(55.4)
Other comprehensive loss before reclassifications, net of taxes(48.1)— (48.1)
Amounts reclassified from accumulated other comprehensive loss, net of taxes— 0.2 0.2 
Net current-period other comprehensive (loss) income, net of taxes(48.1)0.2 (47.9)
Balance at September 30, 2023$(96.3)$(7.0)$(103.3)
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive income
Balance at December 31, 2023$13.2 $(2.4)$10.8 
Other comprehensive income before reclassifications, net of taxes55.1 — 55.1 
Amounts reclassified from accumulated other comprehensive income, net of taxes— — — 
Net current-period other comprehensive income, net of taxes55.1 — 55.1 
Balance at September 30, 2024$68.3 $(2.4)$65.9 
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive loss
Balance at December 31, 2022$(50.5)$(7.5)$(58.0)
Other comprehensive loss before reclassifications, net of taxes(45.8)— (45.8)
Amounts reclassified from accumulated other comprehensive loss, net of taxes— 0.5 0.5 
Net current-period other comprehensive (loss) income, net of taxes(45.8)0.5 (45.3)
Balance at September 30, 2023$(96.3)$(7.0)$(103.3)
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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.