Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Income (Loss)

9. Accumulated Other Comprehensive Income (Loss)

Total accumulated other comprehensive income (loss) consists of net income and other changes in business equity from transactions and other events from sources other than stockholders. It includes currency translation gains and losses, unrealized gains and losses from derivative instruments designated as cash flow hedges, and defined benefit plan adjustments. The after-tax components of and changes in accumulated other comprehensive (loss) income for the three months ended March 31, 2022 and 2021 were as follows:


(In millions)	Foreign Currency Adjustments		Derivative Hedging Gain (Loss)			Defined Benefit Plan Adjustments			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2020	$	7.2	$	4.2		$	(66.5	)	$	(55.1	)
Amounts classified into accumulated other comprehensive (loss) income		5.8		(1.8	)		(0.2	)		3.8
Amounts reclassified from accumulated other comprehensive (loss) income		—		0.3			—			0.3
Net current-period other comprehensive (loss) income		5.8		(1.5	)		(0.2	)		4.1
Balance at March 31, 2021	$	13.0	$	2.7		$	(66.7	)	$	(51.0	)

Balance at December 31, 2021	$	3.3	$	2.9		$	(30.8	)	$	(24.6	)
Amounts classified into accumulated other comprehensive (loss) income		11.6		49.2			0.2			61.0
Amounts reclassified from accumulated other comprehensive (loss) income		—		(1.1	)		—			(1.1	)
Net current-period other comprehensive (loss) income		11.6		48.1			0.2			59.9
Balance at March 31, 2022	$	14.9	$	51.0		$	(30.6	)	$	35.3

The reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2022 and 2021 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
	2022			2021
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	0.9		$	(0.8	)	Cost of products sold
Commodity contracts		0.1			0.1		Cost of products sold
Interest rate contracts		0.2			0.2		Interest expense
		1.2			(0.5	)	Total before tax
		(0.1	)		0.2		Tax expense
Total reclassifications for the period	$	1.1		$	(0.3	)	Net of tax