Comprehensive Income

12 Months Ended

Dec. 31, 2025

14. Comprehensive 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	2025		2024		Affected Line Item(s) in the Consolidated Statements of Operations
(Gains)/Losses on cash flow hedges:
Derivative contracts	$	21.0	$	(0.9)	Cost of goods sold; Losses and other expenses, net
Income tax benefit (expense)	(4.9)		0.2		Provision for income taxes
Net of tax	$	16.1	$	(0.7)

Defined Benefit Plan Items:
Pension and post-retirement benefits costs	$	(1.4)	$	(1.4)	Cost of goods sold; Selling, general, and administrative expenses and Losses and other expenses, net
Pension settlements	(0.4)		(0.4)		Pension settlements

Income tax benefit (expense)	0.4		0.4		Provision for income taxes
Net of tax	$	(1.4)	$	(1.4)

Foreign currency translation adjustments:
Foreign currency adjustments upon liquidation of businesses	$	1.3	$	—	(Gain) loss on sale of businesses
Income tax expense	—		—		Provision for income taxes
Net of tax	$	1.3	$	—

Total reclassifications from AOCL	$	16.0	$	(2.1)

The following tables provide information on changes in AOCL, by component (net of tax), for the years ended December 31, 2025 and 2024 (in millions):


	(Losses) Gains on Cash Flow Hedges		Share of Equity Method Investments Other Comprehensive Income		Defined Benefit Plan Items		Foreign Currency Translation Adjustments		Total AOCL
Balance as of December 31, 2024	$	(1.5)	$	0.4	$	(45.7)	$	(46.9)	$	(93.7)
Other comprehensive income (loss) before reclassifications	35.5		(0.2)		(2.5)		28.4		61.2
Amounts reclassified from AOCL	(16.1)		—		1.4		(1.3)		(16.0)
Net other comprehensive income (loss)	19.4		(0.2)		(1.1)		27.1		45.2
Balance as of December 31, 2025	$	17.9	$	0.2	$	(46.8)	$	(19.8)	$	(48.5)


	(Losses) Gains on Cash Flow Hedges		Share of Equity Method Investments Other Comprehensive Income		Defined Benefit Plan Items		Foreign Currency Translation Adjustments		Total AOCL
Balance as of December 31, 2023	$	(2.0)	$	0.6	$	(44.2)	$	(11.3)	$	(56.9)
Other comprehensive loss before reclassifications	(0.2)		(0.2)		(2.9)		(35.6)		(38.9)
Amounts reclassified from AOCL	0.7		—		1.4		—		2.1
Net other comprehensive income	0.5		(0.2)		(1.5)		(35.6)		(36.8)
Balance as of December 31, 2024	$	(1.5)	$	0.4	$	(45.7)	$	(46.9)	$	(93.7)