Derivatives (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023		As of December 31, 2022
Unrealized losses (gains), net on unsettled contracts	$	5.4	$	6.3
Income tax (benefit) expense	(1.0)		(1.4)
Unrealized losses (gains), net included in AOCL, net of tax (1)	$	4.4	$	4.9

(1) Assuming commodity prices and foreign currency exchange rates remain constant, we expect to reclassify $3.9 million of derivative losses as of June 30, 2023 into earnings within the next 12 months.