Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (Loss)

AOCI is defined as net income (loss) and other changes in stockholders’ equity from transactions and other events from sources other than stockholders. The components of, and changes in, AOCI were as follows:


(in millions)	Derivative Financial Instruments		Foreign Currency Adjustments		Unrecognized Pension and Other Post-retirement Benefit Costs		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2019	$	(0.2)	$	(299.5)	$	(206.0)	$	(505.7)
Other comprehensive loss before reclassifications, net of tax	(3.2)		(19.3)		(43.0)		(65.5)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0.3		—		6.7		7.0
Balance at December 31, 2020	(3.1)		(318.8)		(242.3)		(564.2)
Other comprehensive income (loss) before reclassifications, net of tax	6.3		(23.4)		35.9		18.8
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0.8		—		9.1		9.9
Balance at December 31, 2021	$	4.0	$	(342.2)	$	(197.3)	$	(535.5)

The reclassifications out of AOCI for the years ended December 31, 2021, 2020 and 2019 were as follows:


(in millions)	2021		2020		2019
Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Location on Income Statement
Gain (loss) on cash flow hedges:
Foreign exchange contracts	$	(1.0)	$	(0.5)	$	4.2	Cost of products sold
Tax benefit (expense)	0.2		0.2		(1.3)		Income tax expense
Net of tax	$	(0.8)	$	(0.3)	$	2.9
Defined benefit plan items:
Amortization of actuarial loss	$	(10.2)	$	(8.0)	$	(5.2)	(1)
Amortization of prior service cost	(1.8)		(0.7)		(0.7)		(1)
Total before tax	(12.0)		(8.7)		(5.9)
Tax benefit	2.9		2.0		1.4		Income tax expense
Net of tax	$	(9.1)	$	(6.7)	$	(4.5)

Total reclassifications for the period, net of tax	$	(9.9)	$	(7.0)	$	(1.6)

(1)These AOCI components are included in the computation of net periodic benefit cost (income) for pension and post-retirement plans (See "Note 6. Pension and Other Retiree Benefits" for additional details).