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Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

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, 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	)
Other comprehensive income (loss) before reclassifications, net of tax		0.2			30.3			(20.0	)		10.5
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		(2.0	)		—			5.5			3.5
Balance at December 31, 2023	$	(0.7	)	$	(349.8	)	$	(175.8	)	$	(526.3	)

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

The reclassifications out of AOCI for the years ended December 31, 2023, 2022, and 2021 were as follows:


	Year ended December 31,
(in millions)	2023			2022			2021

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	$	2.8		$	14.0		$	(1.0	)	Cost of products sold
Tax (expense) benefit		(0.8	)		(4.1	)		0.2		Income tax expense
Net of tax	$	2.0		$	9.9		$	(0.8	)
Defined benefit plan items:
Amortization of actuarial loss(1)	$	(5.9	)	$	(8.2	)	$	(10.2	)
Amortization of prior service cost(1)		(0.3	)		(0.3	)		(1.8	)
Total before tax		(6.2	)		(8.5	)		(12.0	)
Tax benefit		0.7			1.6			2.9		Income tax expense
Net of tax	$	(5.5	)	$	(6.9	)	$	(9.1	)

Total reclassifications for the period, net of tax	$	(3.5	)	$	3.0		$	(9.9	)

(1)

These AOCI components are included in the computation of net periodic benefit (income) cost for pension and post-retirement plans (See "Note 5. Pension and Other Retiree Benefits" for additional details).