Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) consisted of the following:


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain (Loss) on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at December 31, 2021	$	17.2	$	(10.3)	$	6.9
Foreign currency translation adjustments, net of tax benefit of $0.7	(4.6)		—		(4.6)
Unrealized gain on derivative contracts, net of tax expense of $14.6	—		42.3		42.3
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax benefit of $1.5(1)	—		4.3		4.3
Balance at March 31, 2022	$	12.6	$	36.3	$	48.9

(1) Includes interest expense recognized of $1.2 million and amortization of off-market swap value and accumulated loss at hedge de-designation of $4.6 million for the three months ended March 31, 2022.


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at December 31, 2022	$	(10.0)	$	81.4	$	71.4
Foreign currency translation adjustments, net of tax expense of $0.4	3.4		—		3.4
Unrealized loss on derivative contracts, net of tax benefit of $1.9	—		(5.6)		(5.6)
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax expense of $2.0 (1)	—		(5.6)		(5.6)
Balance at March 31, 2023	$	(6.6)	$	70.2	$	63.6

(1) Includes a reduction to interest expense recognized of $12.2 million related to the cash flow hedge gain for the three months ended March 31, 2023, partially offset by an increase to interest expense for the amortization of off-market swap value and accumulated loss at hedge de-designation of $4.6 million.