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v3.23.2

Other Comprehensive Income | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Other Comprehensive Income | Other Comprehensive Income Comprehensive income 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 in the unaudited Condensed Consolidated Statements of Comprehensive Income. Reclassification adjustments of derivative instruments from Accumulated other comprehensive loss, net of tax are presented in Other income (expense), 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 post-employment benefit ("OPEB") liabilities are included in the computation of net 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):
| June 30, 2023 |  | December 31, 2022
Accumulated pension and OPEB liability adjustments, net of income tax benefit of $1.8 million and $2.5 million at June 30, 2023 and December 31, 2022, respectively | $ | (10.4) |  |  | $ | (10.9) |
Accumulated unrealized gain on derivative instruments, net of income tax benefit of $14.0 million and $12.9 million at June 30, 2023 and December 31, 2022, respectively | 44.3 |  |  | 44.4 |
Accumulated unrealized foreign currency translation adjustments, net of income tax benefit of $15.6 million and $17.0 million at June 30, 2023 and December 31, 2022, respectively | (107.3) |  |  | (128.9) |
Accumulated other comprehensive loss, net of tax | $ | (73.4) |  |  | $ | (95.4) |
Changes in the components of Accumulated other comprehensive loss, net of tax, were as follows (in millions):
| Three Months Ended June 30,
| 2023 |  | 2022
| Pre-tax |  | Tax |  | Net of Tax |  | Pre-tax |  | Tax |  | Net of Tax
Pension and OPEB liability adjustments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | 1.1 |  |  | $ | 2.6 |
Derivative instrument adjustments | 15.1 |  |  | (3.8) |  |  | 11.3 |  |  | 12.5 |  |  | (3.5) |  |  | 9.0 |
Unrealized foreign currency translation adjustments | 3.2 |  |  | — |  |  | 3.2 |  |  | (33.7) |  |  | 13.9 |  |  | (19.8) |
Total | $ | 18.3 |  |  | $ | (3.8) |  |  | $ | 14.5 |  |  | $ | (19.7) |  |  | $ | 11.5 |  |  | $ | (8.2) |
| Six Months Ended June 30,
| 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 |  |  | $ | 2.8 |  |  | $ | (0.9) |  |  | $ | 1.9 |
Derivative instrument adjustments | 1.0 |  |  | (1.1) |  |  | (0.1) |  |  | 34.9 |  |  | (3.2) |  |  | 31.7 |
Unrealized foreign currency translation adjustments | 23.0 |  |  | (1.4) |  |  | 21.6 |  |  | (27.6) |  |  | 16.5 |  |  | (11.1) |
Total | $ | 25.2 |  |  | $ | (3.2) |  |  | $ | 22.0 |  |  | $ | 10.1 |  |  | $ | 12.4 |  |  | $ | 22.5 |

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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//1943274/2147483586/944-220-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//1943274/2147483589/942-220-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 + Details
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