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Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component for the three months ended September 30, 2021 and 2020 are summarized as follows:


		Gains and Losses on Cash Flow Hedges				Pension & Postretirement				Foreign Currency Translation				Total
Balance as of June 30, 2020		$	0.1			$	(38.1	)		$	(86.1	)		$	(124.1	)
Other comprehensive income (loss) before reclassifications			—				(1.1	)			15.5				14.4
Amounts reclassified from accumulated other comprehensive income			—				0.6				—				0.6
Net other comprehensive income (loss)			—				(0.5	)			15.5				15.0
Balance as of September 30, 2020		$	0.1			$	(38.6	)		$	(70.6	)		$	(109.1	)

Balance as of June 30, 2021		$	(0.2	)		$	(49.7	)		$	(59.6	)		$	(109.5	)
Other comprehensive loss before reclassifications			(0.8	)			(0.8	)			(8.3	)			(9.9	)
Amounts reclassified from accumulated other comprehensive income			0.3				0.5				—				0.8
Net other comprehensive loss			(0.5	)			(0.3	)			(8.3	)			(9.1	)
Balance as of September 30, 2021		$	(0.7	)		$	(50.0	)		$	(67.9	)		$	(118.6	)

A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component for the nine months ended September 30, 2021 and 2020 are summarized as follows:


		Gains and Losses on Cash Flow Hedges				Pension & Postretirement				Foreign Currency Translation				Total
Balance as of December 31, 2019		$	—			$	(39.9	)		$	(81.1	)		$	(121.0	)
Other comprehensive income (loss) before reclassifications			(0.2	)			(0.1	)			10.5				10.2
Amounts reclassified from accumulated other comprehensive income			0.3				1.4				—				1.7
Net other comprehensive income			0.1				1.3				10.5				11.9
Balance as of September 30, 2020		$	0.1			$	(38.6	)		$	(70.6	)		$	(109.1	)

Balance as of December 31, 2020		$	—			$	(47.9	)		$	(49.6	)		$	(97.5	)
Other comprehensive loss before reclassifications			(0.9	)			(3.6	)			(18.3	)			(22.8	)
Amounts reclassified from accumulated other comprehensive income			0.2				1.5				—				1.7
Net other comprehensive loss			(0.7	)			(2.1	)			(18.3	)			(21.1	)
Balance as of September 30, 2021		$	(0.7	)		$	(50.0	)		$	(67.9	)		$	(118.6	)

Reconciliation of reclassifications from accumulated other comprehensive income (loss), net of income tax

A reconciliation of the reclassifications from accumulated other comprehensive loss, net of income tax, for the three and nine months ended September 30, 2021 and 2020 are summarized as follows:


		Amount Reclassified from Accumulated Other Comprehensive Loss
		Three Months Ended September 30,								Nine Months Ended September 30,
		2021				2020				2021				2020					Recognized Location
Losses on cash flow hedges
FX Forward Contracts		$	(0.3	)		$	—			$	(0.2	)		$	(0.3	)			Cost of sales
Total before income taxes			(0.3	)			—				(0.2	)			(0.3	)
Provision for income taxes			—				—				—				—
Total, net of income taxes		$	(0.3	)		$	—			$	(0.2	)		$	(0.3	)
Amortization of pension and postretirement items
Actuarial losses		$	(1.2	)		$	(1.2	)		$	(3.6	)		$	(3.4	)	(a)		Other income (expense) - net
Amortization of prior service cost			0.7				0.6				2.1				2.0		(a)		Other income (expense) - net
Total before income taxes			(0.5	)			(0.6	)			(1.5	)			(1.4	)
Provision for income taxes			—				—				—				—
Total, net of income taxes		$	(0.5	)		$	(0.6	)		$	(1.5	)		$	(1.4	)

Total reclassifications for the period, net of income taxes		$	(0.8	)		$	(0.6	)		$	(1.7	)		$	(1.7	)

(a)

These accumulated other comprehensive loss components are components of net periodic pension cost (see Note 22, “Employee Benefit Plans,” for further details).