Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2022

Comprehensive income (loss) includes Net income, as well as certain items charged and credited directly to stockholders' equity, which are excluded from net income. The Company has presented Comprehensive income in the condensed consolidated statements of comprehensive income (loss). Reclassification adjustments of derivative instruments are presented in Net sales, Other income (expense), net, or Interest expense in the condensed consolidated statements of income. See Note 11. Derivatives for additional information. Amortization of accumulated pension and other post-employment benefit ("OPEB") liabilities are included in the computation of net periodic pension and OPEB costs, which are more fully discussed in Note 13. Postretirement and Other Benefits.

Components of Accumulated other comprehensive loss, net of tax, were as follows ($ in millions):


	March 31, 2022		December 31, 2021


Accumulated pension and OPEB liability adjustments, net of income tax benefit of $6.9 million and $8.9 million at March 31, 2022 and December 31, 2021, respectively	$	(15.1)	$	(14.4)
Accumulated unrealized gain (loss) on derivative instruments, net of income tax benefit of $2.4 million and $2.1 million at March 31, 2022 and December 31, 2021, respectively	20.8		(1.9)
Accumulated unrealized foreign currency translation adjustments, net of income tax benefit of $12.1 million and $9.5 million at March 31, 2022 and December 31, 2021, respectively	(94.0)		(102.7)
Accumulated other comprehensive loss	$	(88.3)	$	(119.0)

Changes in the components of Accumulated other comprehensive (loss) income were as follows ($ in millions):




	Three Months Ended
	March 31, 2022						March 31, 2021
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Net gain (loss) on pension and OPEB liability adjustments	$	1.3	$	(2.0)	$	(0.7)	$	1.1	$	0.6	$	1.7
Unrealized gain (loss) on derivative instruments	22.4		0.3		22.7		4.5		(0.1)		4.4
Unrealized gain (loss) on foreign currency translation	6.1		2.6		8.7		(6.5)		(3.4)		(9.9)
Total	$	29.8	$	0.9	$	30.7	$	(0.9)	$	(2.9)	$	(3.8)