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v3.23.1

Other Comprehensive Income | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Other Comprehensive Income | Other Comprehensive Income Comprehensive income (loss) includes Net income (loss), as well as items charged and credited directly to stockholders' equity, which are excluded from Net income (loss). The Company has presented Comprehensive income (loss) in the unaudited Condensed Consolidated Statements of Comprehensive Income (Loss). Reclassification adjustments of derivative instruments from Accumulated other comprehensive loss, net of tax are presented in Net sales; Other income, net; or Interest expense in the unaudited Condensed Consolidated Statements of Income (Loss). Refer to Note 11. Derivatives for additional information. Amortization of accumulated pension and other postretirement benefit ("OPEB") liabilities are included in the computation of net periodic pension and OPEB costs, which are discussed in Note 13. Postretirement and Other Benefits. Components of Accumulated other comprehensive loss, net of tax, were as follows (in millions):
| March 31, 2023 |  | December 31, 2022
Accumulated pension and OPEB liability adjustments, net of income tax benefit of $1.8 million and $2.5 million at March 31, 2023 and December 31, 2022, respectively | $ | (10.4) |  |  | $ | (10.9) |
Accumulated unrealized gain on derivative instruments, net of income tax benefit of $10.2 million and $12.9 million at March 31, 2023 and December 31, 2022, respectively | 33.0 |  |  | 44.4 |
Accumulated unrealized foreign currency translation adjustments, net of income tax benefit of $15.6 million and $17.0 million at March 31, 2023 and December 31, 2022, respectively | (110.5) |  |  | (128.9) |
Accumulated other comprehensive loss, net of tax | $ | (87.9) |  |  | $ | (95.4) |
Changes in the components of Accumulated other comprehensive loss, net of tax, were as follows (in millions):
| Three Months Ended March 31,
| 2023 |  | 2022
| Pre-tax |  | Tax |  | Net of Tax |  | Pre-tax |  | Tax |  | Net of Tax
Pension and OPEB liability adjustments | $ | 1.2 |  |  | $ | (0.7) |  |  | $ | 0.5 |  |  | $ | 1.3 |  |  | $ | (2.0) |  |  | $ | (0.7) |
Derivative instrument adjustments | (14.1) |  |  | 2.7 |  |  | (11.4) |  |  | 22.4 |  |  | 0.3 |  |  | 22.7 |
Unrealized foreign currency translation adjustments | 19.8 |  |  | (1.4) |  |  | 18.4 |  |  | 6.1 |  |  | 2.6 |  |  | 8.7 |
Total | $ | 6.9 |  |  | $ | 0.6 |  |  | $ | 7.5 |  |  | $ | 29.8 |  |  | $ | 0.9 |  |  | $ | 30.7 |

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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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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