Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

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


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at June 30, 2022	$	(5.6)	$	50.7	$	45.1
Foreign currency translation adjustments, net of tax benefit of $1.7	(22.5)		—		(22.5)
Unrealized gain on derivative contracts, net of tax expense of $10.8	—		31.4		31.4
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax benefit of $0.2(1)	—		0.6		0.6
Balance at September 30, 2022	$	(28.1)	$	82.7	$	54.6

(1) Includes amortization of off-market swap value and accumulated loss at hedge de-designation of $4.7 million for the three months ended September 30, 2022, partially offset by a reduction to interest expense recognized of $3.9 million.


(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 $3.9	(45.3)		—		(45.3)
Unrealized gain on derivative contracts, net of tax expense of $29.2	—		84.7		84.7
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax benefit of $2.9 (1)	—		8.3		8.3
Balance at September 30, 2022	$	(28.1)	$	82.7	$	54.6

(1) Includes amortization of off-market swap value and accumulated loss at hedge de-designation of $13.9 million for the nine months ended September 30, 2022, partially offset by a reduction to interest expense recognized of $2.7 million.


(In millions)	Accumulated Foreign Currency Translation Adjustments		Accumulated Gain on Derivative Contracts		Accumulated Other Comprehensive Income
Balance at June 30, 2023	$	(3.8)	$	82.7	$	78.9
Foreign currency translation adjustments, net of tax benefit of $0.7	(5.7)		—		(5.7)
Unrealized gain on derivative contracts, net of tax expense of $3.1	—		9.1		9.1
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax expense of $2.6 (1)	—		(7.5)		(7.5)
Balance at September 30, 2023	$	(9.5)	$	84.3	$	74.8

(1) Includes a reduction to interest expense recognized of $14.8 million related to the cash flow hedge gain for the three months ended September 30, 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 $4.7 million.


(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 $0.2	0.5		—		0.5
Unrealized gain on derivative contracts, net of tax expense of $7.8	—		22.8		22.8
Amount reclassified from Accumulated comprehensive income (loss) into earnings, net of tax expense of $6.8 (1)	—		(19.9)		(19.9)
Balance at September 30, 2023	$	(9.5)	$	84.3	$	74.8

(1) Includes a reduction to interest expense recognized of $40.5 million related to the cash flow hedge gain for the nine months ended September 30, 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 $13.8 million.