Accumulated Other Comprehensive Loss ("AOCL")

3 Months Ended

Mar. 31, 2025

6. Accumulated Other Comprehensive Loss ("AOCL")


Components of AOCL:	March 31, 2025		December 31, 2024
Defined benefit plan liabilities	$	(105.2)	$	(107.0)
Unrealized gain on financial instruments	1.3		1.4
Other comprehensive loss before income tax effect	(103.9)		(105.6)
Income tax effect(1)	2.3		2.3
Accumulated other comprehensive loss	$	(101.6)	$	(103.3)

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


	March 31, 2025		December 31, 2024
Defined benefit plan liabilities	$	2.6	$	2.6

Unrealized gain on financial instruments	(0.3)		(0.3)

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


	Defined benefit plan and other postretirement liabilities		Unrealized gain on financial instruments		Total, net of tax









Balance, December 31, 2024	$	(104.6)	$	1.3	$	(103.3)
Other comprehensive loss before reclassifications	—		—		—
Net amount reclassified to net income (loss)	$	1.7	$	—	$	1.7
Balance, March 31, 2025	$	(102.9)	$	1.3	$	(101.6)

Balance, December 31, 2023	$	(99.4)	$	1.5	$	(97.9)
Other comprehensive loss before reclassifications	$	(3.4)	—		$	(3.4)
Net amount reclassified to net income (loss)	1.8		(0.1)		1.7
Balance, March 31, 2024	$	(101.0)	$	1.4	$	(99.6)

Reclassifications out of AOCL were included in the Consolidated Statements of Operations as follows:


		Three months ended March 31,
AOCL Components	Location		2025		2024
Defined benefit plan and other postretirement liabilities	Cost of goods sold		$	0.8	$	0.9
	Selling, general and administrative expenses		0.2		0.2
	Other operating expense - net		0.7		0.7
	Income tax effect		—		—
	Net of tax		$	1.7	$	1.8

Unrealized gain on financial instruments	Cost of goods sold		$	—	$	(0.1)
	Income tax effect		—		—
	Net of tax		$	—	$	(0.1)