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Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Equity Equity
Accumulated other comprehensive income (loss)
Summarized below is the roll forward of accumulated other comprehensive income (loss), net of tax.
(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits (2)
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2022$(160.5)$(51.7)$(247.4)$(459.6)
2023 Activity
Other comprehensive income (loss) before reclassifications7.8 (76.8)— (69.0)
Amounts reclassified from accumulated other comprehensive income (loss)— 21.8 5.7 27.5 
Net current period other comprehensive income (loss)$7.8 $(55.0)$5.7 $(41.5)
Accumulated other comprehensive income (loss), net of tax at June 30, 2023$(152.7)$(106.7)$(241.7)$(501.1)

(in Millions)Foreign currency adjustments
Derivative Instruments (1)
Pension and other postretirement benefits (2)
Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2021$(62.5)$(22.2)$(240.8)$(325.5)
2022 Activity
Other comprehensive income (loss) before reclassifications (119.6)(44.5)— (164.1)
Amounts reclassified from accumulated other comprehensive income (loss)4.2 8.4 6.8 19.4 
Net current period other comprehensive income (loss)$(115.4)$(36.1)$6.8 $(144.7)
Accumulated other comprehensive income (loss), net of tax at June 30, 2022$(177.9)$(58.3)$(234.0)$(470.2)
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(1)    See Note 18 for more information.
(2)    See Note 16 for more information.
Reclassifications of accumulated other comprehensive income (loss)
The table below provides details about the reclassifications from accumulated other comprehensive income (loss) and the affected line items in the condensed consolidated statements of income (loss) for each of the periods presented:
Details about Accumulated Other Comprehensive Income Components
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (1)
Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2023202220232022
Foreign currency translation adjustments:
Exit from Russia operations (2)
$— $(4.2)$— $(4.2)Restructuring and other charges (income)
Derivative instruments
Gain (loss) on foreign currency contracts$(24.0)$(13.5)$(31.4)$(15.1)Costs of sales and services
Gain (loss) on foreign currency contracts2.3 3.0 2.6 3.5 Selling, general and administrative expenses
Gain (loss) on interest rate contracts(0.7)(1.0)(1.8)(2.0)Interest expense, net
Total before tax$(22.4)$(11.5)$(30.6)$(13.6)
6.6 3.7 8.8 5.2 Provision for income taxes
Amount included in net income (loss)$(15.8)$(7.8)$(21.8)$(8.4)
Pension and other postretirement benefits (3)
Amortization of prior service costs$— $— $— $— Selling, general and administrative expenses
Amortization of unrecognized net actuarial and other gains (losses)(3.6)(4.0)(7.2)(8.2)Non-operating pension and postretirement charges (income)
Recognized loss due to curtailment and settlement— — — (0.4)Non-operating pension and postretirement charges (income); Discontinued operations, net of income taxes
Total before tax$(3.6)$(4.0)$(7.2)$(8.6)
0.7 0.8 1.5 1.8 Provision for income taxes; Discontinued operations, net of income taxes
Amount included in net income (loss)$(2.9)$(3.2)$(5.7)$(6.8)
Total reclassifications for the period$(18.7)$(15.2)$(27.5)$(19.4)Amount included in net income
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(1)Amounts in parentheses indicate charges to the condensed consolidated statements of income (loss).
(2)The reclassification of historical cumulative translation adjustments was the result of the exit from our Russian operations. See Note 9 within these consolidated financial statements for more information.
(3)Pension and other postretirement benefits amounts include the impact from both continuing and discontinued operations. For detail on the continuing operations components of pension and other postretirement benefits, see Note 16.
Dividends and Share Repurchases
During the six months ended June 30, 2023 and June 30, 2022, we paid dividends of $145.4 million and $133.7 million, respectively. On July 20, 2023, we paid dividends totaling $72.5 million to our shareholders of record as of June 30, 2023. This amount is included in "Accrued and other liabilities" on the condensed consolidated balance sheet as of June 30, 2023.
During the six months ended June 30, 2023, 651,052 shares were repurchased under the publicly announced repurchase program. At June 30, 2023, $825 million remained unused under our Board-authorized repurchase program. This repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time. Shares may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market conditions and other factors. We also reacquire shares from time to time from employees in connection with the vesting, exercise and forfeiture of awards under our equity compensation plans. Beginning January 1, 2023, share repurchases in excess of issuances are subject to a 1% excise tax imposed by the Inflation Reduction Act. This tax is included as part of the cost basis of the shares acquired and was not material during the six months ended June 30, 2023.