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Other Comprehensive Earnings

3 Months Ended

Jun. 30, 2021

Statement of Other Comprehensive Income [Abstract]

Other Comprehensive Earnings

The amounts recognized in other comprehensive earnings (loss) were as follows:

			Three Months Ended																		Three Months Ended
			June 30, 2021																		June 30, 2020
(in millions)			Pre-tax						Tax						Net of tax						Pre-tax						Tax						Net of tax
Foreign currency translation			$	0.9					$	—					$	0.9					$	3.4					$	—					$	3.4
Employee benefit plans			0.2						0.2						0.4						0.1						0.2						0.3
Changes in fair value of cash flow hedges			0.1						(0.1)						—						0.6						—						0.6
Total other comprehensive earnings			$	1.2					$	0.1					$	1.3					$	4.1					$	0.2					$	4.3
			Six Months Ended																		Six Months Ended
			June 30, 2021																		June 30, 2020
(in millions)			Pre-tax						Tax						Net of tax						Pre-tax						Tax						Net of tax
Foreign currency translation			$	(2.7)					$	—					$	(2.7)					$	(4.1)					$	—					$	(4.1)
Employee benefit plans			0.4						0.2						0.6						0.3						(0.1)						0.2
Changes in fair value of cash flow hedges			(1.8)						—						(1.8)						(0.6)						0.1						(0.5)
Total other comprehensive loss			$	(4.1)					$	0.2					$	(3.9)					$	(4.4)					$	—					$	(4.4)

The following tables summarize the changes in balances of each component of accumulated other comprehensive loss, net of tax during the six months ended June 30, 2021 and 2020:

(in millions)			Cash flow hedges						Employee benefit plans						Cumulative foreign currency translation adjustments																		Total
Balance at December 31, 2020			$	1.6					$	(22.1)					$	(80.0)																	$	(100.5)
Other comprehensive (loss) earnings, net of tax			(1.8)						0.6						(2.7)																		(3.9)
Balance at June 30, 2021			$	(0.2)					$	(21.5)					$	(82.7)																	$	(104.4)

(in millions)			Cash flow hedges						Employee benefit plans						Cumulative foreign currency translation adjustments												Total
Balance at December 31, 2019			$	0.5					$	(18.7)					$	(93.8)											$	(112.0)
Other comprehensive (loss) earnings, net of tax			(0.5)						0.2						(4.1)												(4.4)
Balance at June 30, 2020			$	—					$	(18.5)					$	(97.9)											$	(116.4)

The following tables summarize the amounts reclassified from accumulated other comprehensive loss to earnings:

						Three Months Ended June 30,
(in millions)			Statement of Earnings Line			2021						2020
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs			Other (income) expense, net			$	0.2					$	0.1
Tax			Provision for income taxes			0.2						0.2
Net of tax						$	0.4					$	0.3
Cash flow hedges:
Net (gains) losses reclassified into earnings			Cost of goods sold			$	(0.6)					$	0.3
Tax			Provision for income taxes			0.1						—
Net of tax						$	(0.5)					$	0.3
						Six Months Ended June 30,
(in millions)			Statement of Earnings Line			2021						2020
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs			Other (income) expense, net			$	0.4					$	0.3
Tax			Provision for income taxes			0.2						(0.1)
Net of tax						$	0.6					$	0.2
Cash flow hedges:
Net (gains) losses reclassified into earnings			Cost of goods sold			$	(1.9)					$	0.4
Tax			Provision for income taxes			0.4						—
Net of tax						$	(1.5)					$	0.4

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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- References

No definition available.

+ Details

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