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Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Items not reclassified in their entirety from Accumulated Other Comprehensive Income to Net Income
The 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
)
 
 
Changes in AOCI by component (net of tax)
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
)