Derivatives (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022		As of December 31, 2021
Unrealized losses (gains), net on unsettled contracts	$	14.2	$	(13.4)
Income tax (benefit) expense	(3.5)		2.7
Unrealized losses (gains), net included in AOCL, net of tax (1)	$	10.7	$	(10.7)

(1) Assuming commodity prices and foreign currency exchange rates remain constant, we expect to reclassify $9.1 million of derivative losses as of June 30, 2022 into earnings within the next 12 months.