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Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Accumulated Other Comprehensive Income (Loss)

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, 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)
Other comprehensive income (loss) before reclassifications, net of tax		7.0		(37.9)		29.1		(1.8)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		(9.9)		—		6.9		(3.0)
Balance at December 31, 2022	$	1.1	$	(380.1)	$	(161.3)	$	(540.3)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The reclassifications out of AOCI for the years ended December 31, 2022, 2021, and 2020 were as follows:


(in millions)		2022		2021		2020
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	$	14.0	$	(1.0)	$	(0.5)	Cost of products sold
Tax (expense) benefit		(4.1)		0.2		0.2	Income tax expense
Net of tax	$	9.9	$	(0.8)	$	(0.3)
Defined benefit plan items:
Amortization of actuarial loss	$	(8.2)	$	(10.2)	$	(8.0)	(1)
Amortization of prior service cost		(0.3)		(1.8)		(0.7)	(1)
Total before tax		(8.5)		(12.0)		(8.7)
Tax benefit		1.6		2.9		2.0	Income tax expense
Net of tax	$	(6.9)	$	(9.1)	$	(6.7)

Total reclassifications for the period, net of tax	$	3.0	$	(9.9)	$	(7.0)

(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).