Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

7. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) included in our condensed consolidated balance sheets consists of the following components (in millions):


	Foreign currency translation adjustments		Foreign other post-employment benefits adjustments		Net unrealized holding gains (losses) on available-for-sale investments		Total accumulated other comprehensive income (loss)
Balances as of January 1, 2024:	$	(334.1)	$	(2.8)	$	0.9	$	(336.0)
Other comprehensive income (loss), before reclassifications	(116.6)		0.3		(0.1)		(116.4)
Amounts reclassified from Accumulated other comprehensive income (loss)	—		(0.3)		0.3		—
Income tax effects	0.3		0.8		(0.1)		1.0
Other comprehensive income (loss), net of income taxes	(116.3)		0.8		0.1		(115.4)
Balances as of June 30, 2024:	$	(450.4)	$	(2.0)	$	1.0	$	(451.4)


	Foreign currency translation adjustments		Foreign other post-employment benefits adjustments		Net unrealized holding gains (losses) on available-for-sale investments		Total accumulated other comprehensive income (loss)
Balances as of January 1, 2023:	$	(466.5)	$	10.0	$	(10.3)	$	(466.8)
Other comprehensive income, before reclassifications	92.1		0.5		1.4		94.0
Amounts reclassified from Accumulated other comprehensive income (loss)	—		(0.2)		1.0		0.8
Income tax effects	(0.3)		—		(0.6)		(0.9)
Other comprehensive income, net of income taxes	91.8		0.3		1.8		93.9
Balances as of June 30, 2023:	$	(374.7)	$	10.3	$	(8.5)	$	(372.9)

All amounts reclassified out of accumulated other comprehensive income (loss) were reclassified into other income, net in the condensed consolidated statements of income (loss). The reclassification adjustments are calculated using the specific identification method.

The impact to loss before income taxes for amounts reclassified out of accumulated other comprehensive income (loss) into other income, net in the condensed consolidated statements of income (loss) were as follows (in millions):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
Components of comprehensive income (loss)	2024		2023		2024		2023
Amortization of foreign other post-employment benefit items	$	0.4	$	0.3	$	0.3	$	0.2
Net holding losses on equity securities and available-for-sale investments	$	(0.5)	$	(1.2)	$	(0.3)	$	(1.0)