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Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of 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 |  | Total
Accumulated other comprehensive income (loss), net of tax at December 31, 2023 | $ | (131.3) |  |  | $ | (50.2) |  |  | $ | (225.0) |  |  | $ | (406.5) |
2024 Activity |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications | (45.0) |  |  | 21.1 |  |  | (0.2) |  |  | (24.1) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 1.1 |  |  | 5.2 |  |  | 6.3 |
Net current period other comprehensive income (loss) | $ | (45.0) |  |  | $ | 22.2 |  |  | $ | 5.0 |  |  | $ | (17.8) |
Accumulated other comprehensive income (loss), net of tax at June 30, 2024 | $ | (176.3) |  |  | $ | (28.0) |  |  | $ | (220.0) |  |  | $ | (424.3) |
(in Millions) | Foreign currency adjustments |  | Derivative Instruments (1) |  | Pension and other postretirement benefits |  | 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 reclassifications | 7.8 |  |  | (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) |
____________________ (1) See Note 17 for more information.
Schedule of Reclassification Out of Accumulated Other Comprehensive Income | The table below provides details about the reclassifications from accumulated other comprehensive income (loss) and the affected line items in the 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 Consolidated Statements of Income (Loss)
| Three Months Ended June 30, |  | Six Months Ended June 30, |
(in Millions) | 2024 |  | 2023 |  | 2024 |  | 2023 |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |
Derivative instruments |  |  |  |  |  |  |  |
Gain (loss) on foreign currency contracts | $ | (1.8) |  |  | $ | (24.0) |  |  | $ | (1.0) |  |  | $ | (31.4) |  | Costs of sales and services
Gain (loss) on foreign currency contracts | 0.1 |  |  | 2.3 |  |  | 0.2 |  |  | 2.6 |  | Selling, general and administrative expenses
Gain (loss) on interest rate contracts | (0.5) |  |  | (0.7) |  |  | (1.0) |  |  | (1.8) |  | Interest expense, net
Total before tax | $ | (2.2) |  |  | $ | (22.4) |  |  | $ | (1.8) |  |  | $ | (30.6) |  |
| 0.8 |  |  | 6.6 |  |  | 0.7 |  |  | 8.8 |  | Provision (benefit) for income taxes
Amount included in net income (loss) | $ | (1.4) |  |  | $ | (15.8) |  |  | $ | (1.1) |  |  | $ | (21.8) |  |
Pension and other postretirement benefits (2) |  |  |  |  |  |  |  |
Amortization of unrecognized net actuarial and other gains (losses) | (3.1) |  |  | (3.6) |  |  | (6.3) |  |  | (7.2) |  | Non-operating pension and postretirement charges (income)
Recognized (gain) loss due to curtailments, settlements, and other | (0.1) |  |  | — |  |  | (0.2) |  |  | — |  | Non-operating pension and postretirement charges (income)
Total before tax | $ | (3.2) |  |  | $ | (3.6) |  |  | $ | (6.5) |  |  | $ | (7.2) |  |
| 0.6 |  |  | 0.7 |  |  | 1.3 |  |  | 1.5 |  | Provision (benefit) for income taxes; Discontinued operations, net of income taxes
Amount included in net income (loss) | $ | (2.6) |  |  | $ | (2.9) |  |  | $ | (5.2) |  |  | $ | (5.7) |  |
Total reclassifications for the period | $ | (4.0) |  |  | $ | (18.7) |  |  | $ | (6.3) |  |  | $ | (27.5) |  | Amount included in net income
____________________ (1)Amounts in parentheses indicate charges to the consolidated statements of income (loss). (2)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 15.

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