ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2025

NOTE 11. ACCUMULATED OTHER COMPREHENSIVE LOSS

Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.

The changes in AOCI by component are summarized below:


	Foreign currency translation adjustments			Pension & post- retirement plan benefit adjustments (b)			Total
Balance, December 31, 2022	$	(332.9)		$	(12.3)		$	(345.2)
Other comprehensive loss before reclassifications:
Decrease	(5.5)			(3.5)			(9.0)
Income tax impact	—			0.6			0.6
Other comprehensive loss before reclassifications, net of income taxes	(5.5)			(2.9)			(8.4)
Amounts reclassified from AOCI into income:
Increase	—			0.5		(a)	0.5
Income tax impact	—			(0.1)			(0.1)
Amounts reclassified from AOCI into income, net of income taxes:	—			0.4			0.4
Net current period other comprehensive loss	(5.5)			(2.5)			(8.0)
Balance, December 31, 2023	$	(338.4)		$	(14.8)		$	(353.2)
Other comprehensive loss before reclassifications:
Decrease	(153.4)			(3.4)			(156.8)
Income tax impact	10.3			0.8			11.1
Other comprehensive loss before reclassifications, net of income taxes	(143.1)			(2.6)			(145.7)
Amounts reclassified from AOCI into income:
Increase	7.0		(c)	0.7		(a)	7.7
Income tax impact	—			(0.1)			(0.1)
Amounts reclassified from AOCI into income, net of income taxes	7.0			0.6			7.6
Net current period other comprehensive loss	(136.1)			(2.0)			(138.1)
Balance, December 31, 2024	$	(474.5)		$	(16.8)		$	(491.3)
Other comprehensive income before reclassifications:
Increase	268.9			1.5			270.4
Income tax impact	(24.2)			(0.2)			(24.4)
Other comprehensive income before reclassifications, net of income taxes	244.7			1.3			246.0
Amounts reclassified from AOCI into income:
Increase	—			0.5		(a)	0.5
Income tax impact	—			(0.1)			(0.1)
Amounts reclassified from AOCI into income, net of income taxes	—			0.4			0.4
Net current period other comprehensive income	244.7			1.7			246.4
Balance, December 31, 2025	$	(229.8)		$	(15.1)		$	(244.9)
(a) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 10 to the consolidated and combined financial statements included in this Annual Report).
(b) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(c) This amount relates to the cumulative translation adjustment recognized in earnings upon the Invetech Divestiture. Refer to Note 3 to the consolidated and combined financial statements included in this Annual Report for additional details.