XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.3

Reclassifications out of Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Reclassifications out of Accumulated Other Comprehensive Loss

NOTE 14 – RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS

Reclassifications out of accumulated other comprehensive loss (“AOCL”) for the first nine months of 2023 were:

(in millions) Details about AOCL Components		Amount Reclassified from AOCL				Affected Line Item in the Statement where Net Income is Presented
Defined benefit pension plan items:
Amortization of prior service cost		$	0.4			See (1) below
Amortization of actuarial net gains			(1.6	)		See (1) below
			(1.2	)		Total before tax
			0.3			Income tax expense
Total reclassifications		$	(0.9	)		Net of tax

(1)These items are included in other income and expense. See Note 6 of the Notes to the Condensed Consolidated Financial Statements for additional information.

Changes in AOCL for the first nine months of 2023, net of tax, were:

(in millions)		Defined Benefit Pension Plan Items				Cumulative Translation Adjustments				Total
Balance at December 31, 2022		$	(58.4	)		$	(86.8	)		$	(145.2	)
Other comprehensive income before reclassifications			—				(1.8	)			(1.8	)
Amounts reclassified from AOCL			(0.9	)			—				(0.9	)
Total other comprehensive income/(loss)			(0.9	)			(1.8	)			(2.7	)
Balance at September 30, 2023		$	(59.3	)		$	(88.6	)		$	(147.9	)

Reclassifications out of AOCL for the first nine months of 2022 were:

(in millions) Details about AOCL Components		Amount Reclassified from AOCL				Affected Line Item in the Statement where Net Income is Presented
Defined benefit pension plan items:
Amortization of prior service cost		$	0.4			See (1) below
Amortization of actuarial net losses			0.4			See (1) below
			0.8			Total before tax
			(0.1	)		Income tax expense
Total reclassifications		$	0.7			Net of tax

(1)These items are included in other income and expense. See Note 6 of the Notes to the Condensed Consolidated Financial Statements for additional information.

Changes in AOCL for the first nine months of 2022, net of tax, were:

(in millions)		Defined Benefit Pension Plan Items				Cumulative Translation Adjustments				Total
Balance at December 31, 2021		$	10.7			$	(57.6	)		$	(46.9	)
Other comprehensive income before reclassifications			—				(37.1	)			(37.1	)
Amounts reclassified from AOCL			0.7				—				0.7
Total other comprehensive income/(loss)			0.7				(37.1	)			(36.4	)
Balance at September 30, 2022		$	11.4			$	(94.7	)		$	(83.3	)

X

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//220/tableOfContent

+ Details

Name:	us-gaap_DisclosureOfReclassificationAmountTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration