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Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 30, 2022
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, 2022 and 2021 were as follows:
(In millions) |  | Foreign Currency Adjustments |  |  | Derivative Hedging Gain (Loss) |  |  | Defined Benefit Plan Adjustments |  |  | Accumulated Other Comprehensive Loss |
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 | )
Balance at December 31, 2021 |  | $ | 3.3 |  |  | $ | 2.9 |  |  | $ | (30.8 | ) |  | $ | (24.6 | )
Amounts classified into accumulated other comprehensive (loss) income |  |  | (70.5 | ) |  |  | 97.3 |  |  |  | (1.6 | ) |  |  | 25.2 |
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | - |  |  |  | (3.1 | ) |  |  | 0.3 |  |  |  | (2.8 | )
Net current-period other comprehensive (loss) income |  |  | (70.5 | ) |  |  | 94.2 |  |  |  | (1.3 | ) |  |  | 22.4 |
Balance at September 30, 2022 |  | $ | (67.2 | ) |  | $ | 97.1 |  |  | $ | (32.1 | ) |  | $ | (2.2 | )
(In millions) |  | Foreign Currency Adjustments |  |  | Derivative Hedging Gain (Loss) |  |  | Defined Benefit Plan Adjustments |  |  | Accumulated Other Comprehensive Loss |
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 | )
Balance at June 30, 2022 |  | $ | (12.8 | ) |  | $ | 71.5 |  |  | $ | (30.9 | ) |  | $ | 27.8 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | (54.4 | ) |  |  | 24.9 |  |  |  | (1.5 | ) |  |  | (31.0 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | - |  |  |  | 0.7 |  |  |  | 0.3 |  |  |  | 1.0 |
Net current-period other comprehensive (loss) income |  |  | (54.4 | ) |  |  | 25.6 |  |  |  | (1.2 | ) |  |  | (30.0 | )
Balance at September 30, 2022 |  | $ | (67.2 | ) |  | $ | 97.1 |  |  | $ | (32.1 | ) |  | $ | (2.2 | )
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, 2022 and 2021 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
|  | 2022 |  |  | 2021 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 4.3 |  |  | $ | 0.2 |  |  | Cost of products sold
Commodity contracts |  |  | (4.2 | ) |  |  | 0.9 |  |  | Cost of products sold
Interest rate contracts |  |  | 2.5 |  |  |  | 0.5 |  |  | Interest expense
|  |  | 2.6 |  |  |  | 1.6 |  |  | Total before tax
|  |  | 0.5 |  |  |  | 0.2 |  |  | Tax expense
|  | $ | 3.1 |  |  | $ | 1.8 |  |  | Net of tax
Defined benefit plan items |  |  |  |  |  |  |  |
Recognition of actuarial losses |  | $ | (0.4 | ) |  | $ | (1.1 | ) |  | Other (income) expense, net
|  |  | (0.4 | ) |  |  | (1.1 | ) |  | Total before tax
|  |  | 0.1 |  |  |  | (0.3 | ) |  | Tax expense
|  | $ | (0.3 | ) |  | $ | (1.4 | ) |  | Net of tax
Total reclassifications for the period |  | $ | 2.8 |  |  | $ | 0.4 |  |  | 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
|  | 2022 |  |  | 2021 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 1.3 |  |  | $ | 0.9 |  |  | Cost of products sold
Commodity contracts |  |  | (3.9 | ) |  |  | - |  |  | Cost of products sold
Interest rate contracts |  |  | 1.1 |  |  |  | 0.2 |  |  | Interest expense
|  |  | (1.5 | ) |  |  | 1.1 |  |  | Total before tax
|  |  | 0.8 |  |  |  | 0.1 |  |  | Tax expense
Total reclassifications for the period |  | $ | (0.7 | ) |  | $ | 1.2 |  |  | Net of tax
Defined benefit plan items |  |  |  |  |  |  |  |
Recognition of actuarial losses |  | $ | (0.4 | ) |  | $ | (1.1 | ) |  | Other (income) expense, net
|  |  | (0.4 | ) |  |  | (1.1 | ) |  | Total before tax
|  |  | 0.1 |  |  |  | (0.3 | ) |  | Tax expense
|  | $ | (0.3 | ) |  | $ | (1.4 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (1.0 | ) |  | $ | (0.2 | ) |  | Net of tax

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