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Accumulated Other Comprehensive (Loss) Income (Tables)
 6 Months Ended
Jun. 30, 2021
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 six and three months ended June 30, 2021 and 2020 were as follows:

(In millions)

 

Foreign

Currency

Adjustments

 

 

Derivative

Hedging

Gain (Loss)

 

 

Defined

Benefit

Plan

Adjustments

 

 

Accumulated

Other

Comprehensive

Loss

 

Balance at December 31, 2019

 

$

(11.5

)

 

$

5.5

 

 

$

(66.6

)

 

$

(72.6

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

(30.3

)

 

 

(7.7

)

 

 

(0.8

)

 

 

(38.8

)

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

1.1

 

 

 

—

 

 

 

1.1

 

Net current-period other comprehensive (loss) income

 

 

(30.3

)

 

 

(6.6

)

 

 

(0.8

)

 

 

(37.7

)

Balance at June 30, 2020

 

$

(41.8

)

 

$

(1.1

)

 

$

(67.4

)

 

$

(110.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

$

7.2

 

 

$

4.2

 

 

$

(66.5

)

 

$

(55.1

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

17.8

 

 

 

(0.3

)

 

 

(0.2

)

 

 

17.3

 

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

(0.6

)

 

 

—

 

 

 

(0.6

)

Net current-period other comprehensive (loss) income

 

 

17.8

 

 

 

(0.9

)

 

 

(0.2

)

 

 

16.7

 

Balance at June 30, 2021

 

$

25.0

 

 

$

3.3

 

 

$

(66.7

)

 

$

(38.4

)

 

 

 

(In millions)

 

Foreign

Currency

Adjustments

 

 

Derivative

Hedging

Gain (Loss)

 

 

Defined

Benefit

Plan

Adjustments

 

 

Accumulated

Other

Comprehensive

Loss

 

Balance at March 31, 2020

 

$

(53.2

)

 

$

(2.6

)

 

$

(67.4

)

 

$

(123.2

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

11.4

 

 

 

—

 

 

 

—

 

 

 

11.4

 

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

1.5

 

 

 

—

 

 

 

1.5

 

Net current-period other comprehensive (loss) income

 

 

11.4

 

 

 

1.5

 

 

 

—

 

 

 

12.9

 

Balance at June 30, 2020

 

$

(41.8

)

 

$

(1.1

)

 

$

(67.4

)

 

$

(110.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2021

 

$

13.0

 

 

$

2.7

 

 

$

(66.7

)

 

$

(51.0

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

12.0

 

 

 

1.5

 

 

 

—

 

 

 

13.5

 

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

(0.9

)

 

 

—

 

 

 

(0.9

)

Net current-period other comprehensive (loss) income

 

 

12.0

 

 

 

0.6

 

 

 

—

 

 

 

12.6

 

Balance at June 30, 2021

 

$

25.0

 

 

$

3.3

 

 

$

(66.7

)

 

$

(38.4

)
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

The reclassifications out of accumulated other comprehensive loss for the six and three months ended June 30, 2021 and 2020 were as follows:

 

(In millions)

Details about Accumulated Other

Comprehensive Loss Components

 

Amount Reclassified from

Accumulated Other Comprehensive Loss

Six Months Ended June 30,

 

 

Affected Line Item in

the Statement of

Comprehensive Income

 

 

2021

 

 

2020

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(0.7

)

 

$

(0.7

)

 

Cost of products sold

Commodity contracts

 

 

0.9

 

 

 

(0.4

)

 

Cost of products sold

Interest rate contracts

 

 

0.3

 

 

 

0.3

 

 

Interest expense

 

 

 

0.5

 

 

 

(0.8

)

 

Total before tax

 

 

 

0.1

 

 

 

(0.3

)

 

Tax expense

Total reclassifications for the period

 

$

0.6

 

 

$

(1.1

)

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Details about Accumulated Other

Comprehensive Loss Components

 

Amount Reclassified from

Accumulated Other Comprehensive Loss

Three Months Ended June 30,

 

 

Affected Line Item in

the Statement of

Comprehensive Income

 

 

2021

 

 

2020

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.1

 

 

$

(1.3

)

 

Cost of products sold

Commodity contracts

 

 

0.8

 

 

 

(0.2

)

 

Cost of products sold

Interest rate contracts

 

 

0.1

 

 

 

0.1

 

 

Interest expense

 

 

 

1.0

 

 

 

(1.4

)

 

Total before tax

 

 

 

(0.1

)

 

 

(0.1

)

 

Tax expense

Total reclassifications for the period

 

$

0.9

 

 

$

(1.5

)

 

Net of tax