XML 20 R11.htm IDEA: XBRL DOCUMENT v3.22.2
Other Comprehensive Income
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Other Comprehensive Income Other Comprehensive Income
Comprehensive income 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. Reclassification adjustments of derivative instruments from Accumulated other comprehensive loss, net of tax are presented in Net sales; Other income (expense), net; or Interest expense in the Condensed Consolidated Statements of Income. Refer to 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):
June 30, 2022December 31, 2021
Accumulated pension and OPEB liability adjustments, net of income tax benefit of $8.0 million and $8.9 million at June 30, 2022 and December 31, 2021, respectively
$(12.5)$(14.4)
Accumulated unrealized gain (loss) on derivative instruments, net of income tax benefit (provision) of $(1.1) million and $2.1 million at June 30, 2022 and December 31, 2021, respectively
29.8 (1.9)
Accumulated unrealized foreign currency translation adjustments, net of income tax benefit of $26.0 million and $9.5 million at June 30, 2022 and December 31, 2021, respectively
(113.8)(102.7)
Accumulated other comprehensive loss, net of tax$(96.5)$(119.0)
Changes in the components of Accumulated other comprehensive loss, net of tax, were as follows (in millions):
Three Months Ended
June 30, 2022June 30, 2021
Pre-taxTaxNet of
Tax		Pre-taxTaxNet of
Tax
Pension and OPEB liability adjustments$1.5 $1.1 $2.6 $1.2 $(0.4)$0.8 
Derivative instrument adjustments12.5 (3.5)9.0 (2.6)1.8 (0.8)
Unrealized foreign currency adjustments(33.7)13.9 (19.8)9.3 0.1 9.4 
Total$(19.7)$11.5 $(8.2)$7.9 $1.5 $9.4 
Six Months Ended
June 30, 2022June 30, 2021
Pre-taxTaxNet of
Tax		Pre-taxTaxNet of
Tax
Pension and OPEB liability adjustments$2.8 $(0.9)$1.9 $2.3 $0.2 $2.5 
Derivative instrument adjustments34.9 (3.2)31.7 3.8 (0.2)3.6 
Unrealized foreign currency translation adjustments(27.6)16.5 (11.1)2.8 (3.3)(0.5)
Total$10.1 $12.4 $22.5 $8.9 $(3.3)$5.6