Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amounts related to cash flow hedges

We recorded the following amounts in AOCL related to our cash flow hedges (in millions):

	As of March 31, 2022		As of December 31, 2021
Unrealized gains on unsettled contracts	$	(25.5)	$	(13.4)
Income tax expense	5.8		2.7
Gains included in AOCL, net of tax (1)	$	(19.7)	$	(10.7)

(1) Assuming commodity prices and foreign currency exchange rates remain constant, we expect to reclassify $19.6 million of derivative gains as of March 31, 2022 into earnings within the next 12 months.