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Accumulated Other Comprehensive (Loss) Income (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
After-Tax Components of and Changes in Accumulated Other Comprehensive (Loss) Income The after-tax components of and changes in accumulated other comprehensive (loss) income for the three months ended March 31, 2020 and 2019 were as follows:

 

(In millions)

 

Foreign

Currency

Adjustments

 

 

Derivative

Hedging

Gain (Loss)

 

 

Defined

Benefit

Plan

Adjustments

 

 

Accumulated

Other

Comprehensive

Loss

 

Balance at December 31, 2018

 

$

(25.3

)

 

$

4.2

 

 

$

(45.9

)

 

$

(67.0

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

8.8

 

 

 

0.6

 

 

 

—

 

 

 

9.4

 

Adoption of ASU 2018-02

 

 

—

 

 

 

—

 

 

 

(8.6

)

 

 

(8.6

)

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

(1.1

)

 

 

—

 

 

 

(1.1

)

Net current-period other comprehensive (loss) income

 

 

8.8

 

 

 

(0.5

)

 

 

(8.6

)

 

 

(0.3

)

Balance at March 31, 2019

 

$

(16.5

)

 

$

3.7

 

 

$

(54.5

)

 

$

(67.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

$

(11.5

)

 

$

5.5

 

 

$

(66.6

)

 

$

(72.6

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

(41.7

)

 

 

(7.7

)

 

 

(0.8

)

 

 

(50.2

)

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

(0.4

)

 

 

—

 

 

 

(0.4

)

Net current-period other comprehensive (loss) income

 

 

(41.7

)

 

 

(8.1

)

 

 

(0.8

)

 

 

(50.6

)

Balance at March 31, 2020

 

$

(53.2

)

 

$

(2.6

)

 

$

(67.4

)

 

$

(123.2

)

 
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

The reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2020 and 2019 were as follows:

 

(In millions)

Details about Accumulated Other

Comprehensive Loss Components

 

Amount Reclassified from

Accumulated Other Comprehensive Loss

Three months ended March 31,

 

 

Affected Line Item in

the Statement of

Comprehensive Income

 

 

2020

 

 

2019

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.6

 

 

$

1.2

 

 

Cost of products sold

Commodity contracts

 

 

(0.2

)

 

 

0.1

 

 

Cost of products sold

Interest rate contracts

 

 

0.2

 

 

 

0.1

 

 

Interest expense

 

 

 

0.6

 

 

 

1.4

 

 

Total before tax

 

 

 

(0.2

)

 

 

(0.3

)

 

Tax expense

Total reclassifications for the period

 

$

0.4

 

 

$

1.1

 

 

Net of tax