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Accumulated Other Comprehensive Loss | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Note 10 — Accumulated Other Comprehensive Loss Comprehensive loss represents net loss and other gains and losses affecting stockholders’ equity that are not reflected in the Condensed Consolidated Statements of Operations. The components of accumulated other comprehensive loss as of September 30, 2024 and December 31, 2023 were as follows:
(In millions) |  | Unrecognized Net Defined Benefit and Postretirement Plan Costs |  |  | Change in Fair Value of Derivatives Products (1) |  |  | Foreign Currency Translation |  |  | Total |
Balance at December 31, 2023 |  | $ | 1.0 |  |  | $ | 5.7 |  |  | $ | (80.8 | ) |  | $ | (74.1 | )
Other comprehensive income before reclassifications |  |  | 0.1 |  |  |  | 4.5 |  |  |  | 14.5 |  |  |  | 19.1 |
Amounts reclassified from accumulated other comprehensive loss |  |  | (0.4 | ) |  |  | 1.5 |  |  | — |  |  |  | 1.1 |
Other comprehensive (loss) income |  |  | (0.3 | ) |  |  | 6.0 |  |  |  | 14.5 |  |  |  | 20.2 |
Balance at September 30, 2024 |  | $ | 0.7 |  |  | $ | 11.7 |  |  | $ | (66.3 | ) |  | $ | (53.9 | )
(1) Includes forward foreign exchange contracts, interest rate derivatives and commodity swaps. The amount of net (gains) losses reclassified to earnings from the unrecognized net defined benefit and postretirement plan costs and derivative products components of accumulated other comprehensive loss for the quarters and nine months ended September 30, 2024 and 2023 were as follows:
|  | Quarter Ended September 30, 2024 |  |  | Quarter Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2023 |
(In millions) |  | Pre-tax (gain) loss |  |  | Net of tax (gain) loss |  |  | Pre-tax (gain) loss |  |  | Net of tax (gain) loss |  |  | Pre-tax loss (gain) |  |  | Net of tax loss (gain) |  |  | Pre-tax (gain) loss |  |  | Net of tax (gain) loss |
Defined Benefit and Postretirement Plan Costs |  | $ | (0.2 | ) |  | $ | (0.2 | ) |  | $ | 0.6 |  |  | $ | 0.4 |  |  | $ | (0.4 | ) |  | $ | (0.4 | ) |  | $ | 1.6 |  |  | $ | 1.2 |
Derivative Products |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward exchange contracts |  |  | 0.2 |  |  |  | 0.3 |  |  |  | 1.5 |  |  |  | 1.1 |  |  |  | 2.2 |  |  |  | 1.6 |  |  |  | 7.8 |  |  |  | 5.7 |
Commodity swaps |  |  | 0.4 |  |  |  | 0.4 |  |  |  | 1.9 |  |  |  | 1.4 |  |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 4.6 |  |  |  | 3.5 |
Interest rate swaps |  |  | 4.5 |  |  |  | 3.4 |  |  |  | (1.1 | ) |  |  | (0.9 | ) |  |  | (0.6 | ) |  |  | (0.4 | ) |  |  | (4.3 | ) |  |  | (3.3 | )
Total Derivative Products |  | $ | 5.1 |  |  | $ | 4.1 |  |  | $ | 2.3 |  |  | $ | 1.6 |  |  | $ | 2.0 |  |  | $ | 1.5 |  |  | $ | 8.1 |  |  | $ | 5.9 |

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