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Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
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, 2023 |  | $ | (0.7 | ) |  | $ | (349.8 | ) |  | $ | (175.8 | ) |  | $ | (526.3 | )
Other comprehensive (loss) income before reclassifications, net of tax |  |  | 1.2 |  |  |  | (36.5 | ) |  |  | 0.8 |  |  |  | (34.5 | )
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  |  | (0.6 | ) |  |  | — |  |  |  | 5.5 |  |  |  | 4.9 |
Balance at June 30, 2024 |  | $ | (0.1 | ) |  | $ | (386.3 | ) |  | $ | (169.5 | ) |  | $ | (555.9 | )
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | The reclassifications out of AOCI for the three and six months ended June 30, 2024 and 2023 were as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |  |  |
(in millions) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  |
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Location on Income Statement
Gain (loss) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 0.5 |  |  | $ | 0.3 |  |  | $ | 0.9 |  |  | $ | 0.8 |  |  | Cost of products sold
Tax expense |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | (0.3 | ) |  |  | (0.2 | ) |  | Income tax (benefit) expense
Net of tax |  | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | 0.6 |  |  | $ | 0.6 |  |  |
Defined benefit plan items: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss(1) |  | $ | (5.4 | ) |  | $ | (1.6 | ) |  | $ | (7.2 | ) |  | $ | (3.1 | ) |  |
Amortization of prior service cost(1) |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | (0.2 | ) |  |
Total before tax |  |  | (5.5 | ) |  |  | (1.7 | ) |  |  | (7.3 | ) |  |  | (3.3 | ) |  |
Tax benefit |  |  | 1.4 |  |  |  | 0.4 |  |  |  | 1.8 |  |  |  | 0.9 |  |  | Income tax (benefit) expense
Net of tax |  | $ | (4.1 | ) |  | $ | (1.3 | ) |  | $ | (5.5 | ) |  | $ | (2.4 | ) |  |
Total reclassifications for the period, net of tax |  | $ | (3.7 | ) |  | $ | (1.1 | ) |  | $ | (4.9 | ) |  | $ | (1.8 | ) |  |
(1) These AOCI components are included in the computation of net periodic benefit (income) cost for pension and post-retirement plans including $3.6 million resulting from the wind-up of the ACCO Brands Canada Salaried and Hourly pension plans in the second of 2024. See "Note 5. Pension and Other Retiree Benefits" for additional details.

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