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Accumulated Other Comprehensive (Loss) Income (Tables)
 9 Months Ended
Sep. 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 nine and three months ended September 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

 

 

(12.7

)

 

 

(7.7

)

 

 

(1.0

)

 

 

(21.4

)

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

2.1

 

 

 

0.4

 

 

 

2.5

 

Net current-period other comprehensive (loss) income

 

 

(12.7

)

 

 

(5.6

)

 

 

(0.6

)

 

 

(18.9

)

Balance at September 30, 2020

 

$

(24.2

)

 

$

(0.1

)

 

$

(67.2

)

 

$

(91.5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

$

7.2

 

 

$

4.2

 

 

$

(66.5

)

 

$

(55.1

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

2.9

 

 

 

1.4

 

 

 

(2.6

)

 

 

1.7

 

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

(1.8

)

 

 

1.4

 

 

 

(0.4

)

Net current-period other comprehensive (loss) income

 

 

2.9

 

 

 

(0.4

)

 

 

(1.2

)

 

 

1.3

 

Balance at September 30, 2021

 

$

10.1

 

 

$

3.8

 

 

$

(67.7

)

 

$

(53.8

)

 

 

(In millions)

 

Foreign

Currency

Adjustments

 

 

Derivative

Hedging

Gain (Loss)

 

 

Defined

Benefit

Plan

Adjustments

 

 

Accumulated

Other

Comprehensive

Loss

 

Balance at June 30, 2020

 

$

(41.8

)

 

$

(1.1

)

 

$

(67.4

)

 

$

(110.3

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

17.6

 

 

 

—

 

 

 

(0.2

)

 

 

17.4

 

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

1.0

 

 

 

0.4

 

 

 

1.4

 

Net current-period other comprehensive (loss) income

 

 

17.6

 

 

 

1.0

 

 

 

0.2

 

 

 

18.8

 

Balance at September 30, 2020

 

$

(24.2

)

 

$

(0.1

)

 

$

(67.2

)

 

$

(91.5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2021

 

$

25.0

 

 

$

3.3

 

 

$

(66.7

)

 

$

(38.4

)

Amounts classified into accumulated other

   comprehensive (loss) income

 

 

(14.9

)

 

 

1.7

 

 

 

(2.4

)

 

 

(15.6

)

Amounts reclassified from accumulated other

   comprehensive (loss) income

 

 

—

 

 

 

(1.2

)

 

 

1.4

 

 

 

0.2

 

Net current-period other comprehensive (loss) income

 

 

(14.9

)

 

 

0.5

 

 

 

(1.0

)

 

 

(15.4

)

Balance at September 30, 2021

 

$

10.1

 

 

$

3.8

 

 

$

(67.7

)

 

$

(53.8

)
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

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

 

(In millions)

Details about Accumulated Other

Comprehensive Loss Components

 

Amount Reclassified from

Accumulated Other Comprehensive Loss

Nine Months Ended September 30,

 

 

Affected Line Item in

the Statement of

Comprehensive Income

 

 

2021

 

 

2020

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.2

 

 

$

(2.1

)

 

Cost of products sold

Commodity contracts

 

 

0.9

 

 

 

(0.2

)

 

Cost of products sold

Interest rate contracts

 

 

0.5

 

 

 

0.5

 

 

Interest expense

 

 

 

1.6

 

 

 

(1.8

)

 

Total before tax

 

 

 

0.2

 

 

 

(0.3

)

 

Tax expense

 

 

$

1.8

 

 

$

(2.1

)

 

Net of tax

Defined benefit plan items

 

 

 

 

 

 

 

 

 

 

Recognition of actuarial losses

 

$

(1.1

)

 

$

(0.6

)

 

Other expense (income), net

 

 

 

(1.1

)

 

 

(0.6

)

 

Total before tax

 

 

 

(0.3

)

 

 

0.2

 

 

Tax expense

 

 

$

(1.4

)

 

$

(0.4

)

 

Net of tax

Total reclassifications for the period

 

$

0.4

 

 

$

(2.5

)

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Details about Accumulated Other

Comprehensive Loss Components

 

Amount Reclassified from

Accumulated Other Comprehensive Loss

Three Months Ended September 30,

 

 

Affected Line Item in

the Statement of

Comprehensive Income

 

 

2021

 

 

2020

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.9

 

 

$

(1.4

)

 

Cost of products sold

Commodity contracts

 

 

—

 

 

 

0.2

 

 

Cost of products sold

Interest rate contracts

 

 

0.2

 

 

 

0.2

 

 

Interest expense

 

 

 

1.1

 

 

 

(1.0

)

 

Total before tax

 

 

 

0.1

 

 

 

—

 

 

Tax expense

Total reclassifications for the period

 

$

1.2

 

 

$

(1.0

)

 

Net of tax

Defined benefit plan items

 

 

 

 

 

 

 

 

 

 

Recognition of actuarial losses

 

$

(1.1

)

 

$

(0.6

)

 

Other expense (income), net

 

 

 

(1.1

)

 

 

(0.6

)

 

Total before tax

 

 

 

(0.3

)

 

 

0.2

 

 

Tax expense

 

 

$

(1.4

)

 

$

(0.4

)

 

Net of tax

Total reclassifications for the period

 

$

(0.2

)

 

$

(1.4

)

 

Net of tax