Accumulated Other Comprehensive Loss (AOCL)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Loss ("AOCL")


Components of AOCL	2021		2020
Defined benefit plan liabilities	$	(86.7)	$	(123.7)
Unrealized gain (loss) on financial instruments	1.9		2.1
Other comprehensive loss before income tax effect	(84.8)		(121.6)
Income tax effect(1)	2.5		2.8
Accumulated other comprehensive loss	$	(82.3)	$	(118.8)

(1)The allocation of the income tax effect to the components of other comprehensive loss is as follows:


	2021		2020
Defined benefit plan liabilities	$	2.9	$	3.2

Unrealized loss on financial instruments	(0.4)		(0.4)

The following table summarizes the changes in the accumulated balances for each component of AOCL:


	Defined benefit plan and other postretirement liabilities		Unrealized gain (loss) on financial instruments		Total, net of tax
Balance, December 31, 2018	$	(100.7)	$	2.0	$	(98.7)
Impact of ASU 2018-02*	(1.3)		—		(1.3)
Other comprehensive (loss) before reclassifications	(12.7)		—		(12.7)
Net amount reclassified to net income (loss)	3.0		(0.1)		2.9
Balance, December 31, 2019	(111.7)		1.9		(109.8)
Other comprehensive (loss) before reclassifications	(13.5)		—		(13.5)
Net amount reclassified to net income (loss)	4.6		(0.1)		4.5
Balance, December 31, 2020	(120.6)		1.8		(118.8)
Other comprehensive (loss) before reclassifications	31.6		—		31.6
Net amount reclassified to net income (loss)	5.0		(0.1)		4.9
Balance, December 31, 2021	$	(84.0)	$	1.7	$	(82.3)

*ASU 2018-02. See Note 14. Income Taxes for further information regarding our adoption of ASU 2018-02.

Reclassifications out of AOCL were included in the consolidated statements of operations as follows:


AOCL Components	Location	2021		2020		2019
Defined benefit plan and other postretirement liabilities	Cost of goods sold	$	26.8	$	(4.7)	$	(3.2)
	Selling, general and administrative expenses	2.9		(2.0)		(4.4)
	Other operating expense, net	7.3		(1.1)		(1.0)
	Income tax expense	(0.4)		(1.1)		(1.1)
	Net of tax	$	36.6	$	(8.9)	$	(9.7)

Gain (loss) on financial instruments	Cost of goods sold	$	(0.1)	$	(0.2)	$	(0.2)
	Income tax benefit	0.0		0.1		0.1
	Net of tax	$	(0.1)	$	(0.1)	$	(0.1)