Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Components of Accumulated Other Comprehensive Loss

The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the three months ended March 31, 2025:


($ in millions)	Derivatives		Change in equity affiliate investment AOCI		Defined benefit pension and other postretirement plans		Foreign currency translation		Total
Balance, December 31, 2024	$	(2.5)	$	2.5	$	(9.8)	$	(248.3)	$	(258.1)
Other comprehensive income (loss) before reclassifications	2.1		0.1		(0.3)		50.4		52.3
Amounts reclassified out from accumulated other comprehensive income (loss)	0.4		—		(0.1)		—		0.3
Other comprehensive income (loss), net of tax	2.5		0.1		(0.4)		50.4		52.6
Balance, March 31, 2025	$	—	$	2.6	$	(10.2)	$	(197.9)	$	(205.5)

The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the three months ended March 31, 2024:


($ in millions)	Derivatives		Change in equity affiliate investment AOCI		Defined benefit pension and other postretirement plans		Foreign currency translation		Total
Balance, December 31, 2023	$	—	$	2.3	$	(10.1)	$	(136.0)	$	(143.8)
Other comprehensive (loss) income before reclassifications	(3.1)		(0.1)		—		(46.3)		(49.5)
Amounts reclassified out from accumulated other comprehensive income (loss)	1.2		—		(0.2)		—		1.0
Other comprehensive (loss) income, net of tax	(1.9)		(0.1)		(0.2)		(46.3)		(48.5)
Balance, March 31, 2024	$	(1.9)	$	2.2	$	(10.3)	$	(182.3)	$	(192.3)

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

A summary of the reclassifications out from accumulated other comprehensive loss is presented in the following table:


($ in millions)	Three Months Ended March 31,
Detail of components	2025		2024		Location on Statement of Income
(Losses) gains on derivatives:
Foreign currency contracts	$	0.2	$	0.1	Net sales
Foreign currency contracts	(0.8)		(1.6)		Cost of goods and services sold

Forward treasury locks	—		(0.1)		Interest expense
Total before tax	(0.6)		(1.6)
Tax benefit	0.2		0.4
Net of tax	$	(0.4)	$	(1.2)
Amortization of defined benefit pension and other postretirement plans:


Actuarial gains	0.1		0.3		(a)


Total before tax	0.1		0.3
Tax expense	—		(0.1)
Net of tax	$	0.1	$	0.2
Total reclassifications for the period, net of tax	$	(0.3)	$	(1.0)

(a) This component is included in the computation of net periodic benefit cost.