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Comprehensive Income
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Comprehensive Income following table provides information on items not reclassified in their entirety from AOCL to Net Income in the accompanying Consolidated Statements of Operations (in millions):

 
 
For the Years Ended December 31,
 
 
AOCL Component
 
2019
 
2018
 
Affected Line Item(s) in the Consolidated Statements of Operations
Gains/(Losses) on cash flow hedges:
 
 
 
 
 
 
Derivative contracts
 
$
(6.9
)
 
$
6.1

 
Cost of goods sold and
Losses (gains) and other expenses, net.

Income tax benefit (expense)
 
1.6

 
(1.4
)
 
Provision for income taxes
Net of tax
 
$
(5.3
)
 
$
4.7

 
 
 
 
 
 
 
 
 
Defined Benefit Plan Items:
 
 
 
 
 
 
Pension and post-retirement benefits costs
 
$
(5.7
)
 
$
(9.3
)
 
Cost of goods sold; Selling, general, administrative expenses and Other (income) expense, net
Pension settlements
 
(99.2
)
 
(0.4
)
 
Pension settlements
Income tax benefit
 
26.2

 
2.4

 
Provision for income taxes
Net of tax
 
$
(78.7
)
 
$
(7.3
)
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
Foreign currency adjustments on sale of businesses
 
(2.1
)
 
(27.9
)
 
Loss (gain), net on sale of businesses and related property
Net of tax
 
(2.1
)
 
(27.9
)
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCL
 
$
(86.1
)
 
$
(30.5
)
 
 


The following tables provide information on changes in AOCL, by component (net of tax), for the years ended December 31, 2019 and 2018 (in millions):

 
 
Gains (Losses) on Cash Flow Hedges
 
Unrealized Gains (Losses) on Available-for-Sale Securities
 
Defined Benefit Plan Items
 
Foreign Currency Translation Adjustments
 
Total AOCL
Balance as of December 31, 2018
 
$
(6.2
)
 
$
—

 
$
(154.5
)
 
$
(28.1
)
 
$
(188.8
)
Other comprehensive income (loss) before reclassifications
 
0.9

 
—

 
(5.7
)
 
3.7

 
(1.1
)
Amounts reclassified from AOCL
 
5.3

 
—

 
78.7

 
2.1

 
86.1

Net other comprehensive (loss) income
 
6.2

 
—

 
73.0

 
5.8

 
85.0

Balance as of December 31, 2019
 
$
—

 
$
—

 
$
(81.5
)
 
$
(22.3
)
 
$
(103.8
)

 
 
Gains (Losses) on Cash Flow Hedges
 
Unrealized Gains (Losses) on Available-for-Sale Securities
 
Defined Benefit Plan Items
 
Foreign Currency Translation Adjustments
 
Total AOCL
Balance as of December 31, 2017
 
$
7.4

 
$
1.8

 
$
(127.5
)
 
$
(39.1
)
 
$
(157.4
)
Other comprehensive loss before reclassifications
 
(8.9
)
 
(1.8
)
 
(34.3
)
 
(16.9
)
 
(61.9
)
Amounts reclassified from AOCI
 
(4.7
)
 
—

 
7.3

 
27.9

 
30.5

Net other comprehensive (loss) income
 
(13.6
)
 
(1.8
)
 
(27.0
)
 
11.0

 
(31.4
)
Balance as of December 31, 2018
 
$
(6.2
)
 
$
—

 
$
(154.5
)
 
$
(28.1
)
 
$
(188.8
)