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Other Comprehensive Earnings

6 Months Ended

Jun. 30, 2025

Statement of Other Comprehensive Income [Abstract]

Other Comprehensive Earnings

9. Other Comprehensive Earnings

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

			Three Months Ended
			June 30, 2025																		June 30, 2024
(in millions)			Pre-tax						Tax						Net of tax						Pre-tax						Tax						Net of tax
Foreign currency translation			$	5.2					$	—					$	5.2					$	(3.2)					$	—					$	(3.2)
Employee benefit plans			0.2						0.1						0.3						0.2						—						0.2
Changes in fair value of cash flow hedges			1.1						—						1.1						(0.9)						(0.1)						(1.0)
Total other comprehensive earnings (loss)			$	6.5					$	0.1					$	6.6					$	(3.9)					$	(0.1)					$	(4.0)
			Six Months Ended
			June 30, 2025																		June 30, 2024
(in millions)			Pre-tax						Tax						Net of tax						Pre-tax						Tax						Net of tax
Foreign currency translation			$	6.1					$	—					$	6.1					$	(6.6)					$	—					$	(6.6)
Employee benefit plans			0.1						0.2						0.3						0.3						—						0.3
Changes in fair value of cash flow hedges			2.9						—						2.9						(1.5)						0.2						(1.3)
Total other comprehensive earnings (loss)			$	9.1					$	0.2					$	9.3					$	(7.8)					$	0.2					$	(7.6)

The following tables summarize the changes in balances of each component of accumulated other comprehensive earnings (loss), net of tax during the six months ended June 30, 2025 and 2024:

(in millions)			Cash flow hedges						Employee benefit plans						Cumulative foreign currency translation adjustments																		Total
Balance at December 31, 2024			$	(2.1)					$	(16.9)					$	(119.1)																	$	(138.1)
Other comprehensive earnings, net of tax			2.9						0.3						6.1																		9.3
Balance at June 30, 2025			$	0.8					$	(16.6)					$	(113.0)																	$	(128.8)

(in millions)			Cash flow hedges						Employee benefit plans						Cumulative foreign currency translation adjustments												Total
Balance at December 31, 2023			$	(0.7)					$	(16.2)					$	(112.9)											$	(129.8)
Other comprehensive (loss) earnings, net of tax			(1.3)						0.3						(6.6)												(7.6)
Balance at June 30, 2024			$	(2.0)					$	(15.9)					$	(119.5)											$	(137.4)

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			2025						2024
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs			Other expense (income), net			$	0.2					$	0.2
Tax			Provision for income taxes			0.1						—
Net of tax						$	0.3					$	0.2
Cash flow hedges:
Net losses reclassified into earnings			Cost of goods sold			$	(0.5)					$	0.4
Tax			Provision for income taxes			0.1						(0.1)
Net of tax						$	(0.4)					$	0.3
						Six Months Ended June 30,
(in millions)			Statement of Earnings Line			2025						2024
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs			Other expense (income), net			$	0.1					$	0.3
Tax			Provision for income taxes			0.2						—
Net of tax						$	0.3					$	0.3
Cash flow hedges:
Net losses reclassified into earnings			Cost of goods sold			$	0.5					$	1.6
Tax			Provision for income taxes			(0.1)						(0.3)
Net of tax						$	0.4					$	1.3

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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X

- References

No definition available.

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