Accumulated other comprehensive income or loss (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of changes in components of AOCI

The following table presents changes in the components of AOCI:


(in millions)	Foreign currency translation		Derivative instruments		Defined benefit plans		Total
Balance at December 31, 2022	$	(131.3)	$	19.9	$	11.1	$	(100.3)
Unrealized gain (loss)	16.9		(0.1)		(4.9)		11.9
Reclassification of gain into earnings	—		(6.5)		—		(6.5)
Change due to income taxes	2.7		1.6		0.9		5.2
Balance at March 31, 2023	$	(111.7)	$	14.9	$	7.1	$	(89.7)

Balance at December 31, 2021	$	(19.2)	$	0.4	$	(24.4)	$	(43.2)
Unrealized (loss) gain	(27.0)		(0.3)		4.6		(22.7)
Reclassification of gain into earnings	—		(0.2)		(0.1)		(0.3)
Change due to income taxes	(2.6)		0.1		(0.6)		(3.1)
Balance at March 31, 2022	$	(48.8)	$	—	$	(20.5)	$	(69.3)

The reclassifications and income tax effects shown above were immaterial to the financial statements and were made to either cost of sales or SG&A expenses depending upon the nature of the underlying transaction. The income tax effects in the three months ended March 31, 2023 on foreign currency translation were due to our net investment hedge and cross-currency swap discussed in note 13.