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Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss as of December 31, 2020 and 2019 are as follows:
|  | 2020 |  |  | 2019 |
Foreign currency translation, net of income tax provision of $4.6 and $0.0 |  | $ | (49.6 | ) |  | $ | (81.1 | )
Derivative instrument fair market value, net of income tax provision of $0.0 and $0.0 |  |  | — |  |  |  | — |  |
Employee pension and postretirement benefit adjustments, net of income benefit of $14.4 and $13.7 |  |  | (47.9 | ) |  |  | (39.9 | )
Total accumulated other comprehensive loss |  | $ | (97.5 | ) |  | $ | (121.0 | )
A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component for the years ended December 31, 2019 and 2020 are as follows:
|  | Gains (Losses) on Cash Flow Hedges |  |  | Pension & Postretirement |  |  | Foreign Currency Translation |  |  | Total |
Balance as of December 31, 2018 |  | $ | (0.3 | ) |  | $ | (36.2 | ) |  | $ | (80.1 | ) |  | $ | (116.6 | )
Other comprehensive loss before reclassifications |  |  | (2.8 | ) |  |  | (5.5 | ) |  |  | (1.0 | ) |  |  | (9.3 | )
Amounts reclassified from accumulated other comprehensive income |  |  | 3.1 |  |  |  | 1.8 |  |  |  | — |  |  |  | 4.9 |
Net current period other comprehensive income (loss) |  |  | 0.3 |  |  |  | (3.7 | ) |  |  | (1.0 | ) |  |  | (4.4 | )
Balance as of December 31, 2019 |  |  | — |  |  |  | (39.9 | ) |  |  | (81.1 | ) |  |  | (121.0 | )
Other comprehensive income (loss) before reclassifications |  |  | (0.3 | ) |  |  | (9.9 | ) |  |  | 31.5 |  |  |  | 21.3 |
Amounts reclassified from accumulated other comprehensive income |  |  | 0.3 |  |  |  | 1.9 |  |  |  | — |  |  |  | 2.2 |
Net current period other comprehensive income (loss) |  |  | — |  |  |  | (8.0 | ) |  |  | 31.5 |  |  |  | 23.5 |
Balance as of December 31, 2020 |  | $ | — |  |  | $ | (47.9 | ) |  | $ | (49.6 | ) |  | $ | (97.5 | )
Reconciliation of reclassifications out of accumulated other comprehensive income (loss), net of income taxes | A reconciliation of the reclassifications out of accumulated other comprehensive loss, net of income taxes, for the years ended December 31, 2020, 2019 and 2018 are as follows:
|  | Amount Reclassified from Accumulated Other Comprehensive Loss |  |  |
|  | 2020 |  |  |  | 2019 |  |  |  | 2018 |  |  | Recognized Location
Losses on cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
FX Forward Contracts |  | $ | (0.3 | ) |  | $ | (3.1 | ) |  | $ | (5.0 | ) |  | Cost of sales
Total before income taxes |  |  | (0.3 | ) |  |  | (3.1 | ) |  |  | (5.0 | ) |  |
Income tax provision |  |  | — |  |  |  | — |  |  |  | — |  |  |
Total, net of income taxes |  | $ | (0.3 | ) |  | $ | (3.1 | ) |  | $ | (5.0 | ) |  |
Amortization of pension and postretirement items |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial losses |  | $ | (4.5 | ) |  | $ | (4.6 | ) |  | $ | (5.0 | ) | (a) | Other expense - net
Amortization of prior service cost |  |  | 2.6 |  |  |  | 2.8 |  |  |  | 2.7 |  | (a) | Other expense - net
Pension settlement charge |  |  | — |  |  |  | — |  |  |  | (4.5 | ) | (a) | Other expense - net
Total before income taxes |  |  | (1.9 | ) |  |  | (1.8 | ) |  |  | (6.8 | ) |  |
Income tax benefit |  |  | — |  |  |  | — |  |  |  | 1.4 |  |  |
Total, net of income taxes |  | $ | (1.9 | ) |  | $ | (1.8 | ) |  | $ | (5.4 | ) |  |
Total reclassifications for the period, net of income taxes |  | $ | (2.2 | ) |  | $ | (4.9 | ) |  | $ | (10.4 | ) |  |
These accumulated other comprehensive loss components are components of net periodic pension cost (see Note 21, “Employee Benefit Plans,” for further details).

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