Comprehensive Income

12 Months Ended

Dec. 31, 2024

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	2024		2023		Affected Line Item(s) in the Consolidated Statements of Operations
Gains/(Losses) on cash flow hedges:
Derivative contracts	$	(0.9)	$	(0.4)	Cost of goods sold; Losses (gains) and other expenses, net
Income tax benefit (expense)	(0.2)		0.1		Provision for income taxes
Net of tax	$	(0.7)	$	(0.3)

Defined Benefit Plan Items:
Pension and post-retirement benefits costs	$	(1.4)	$	(5.5)	Cost of goods sold; Selling, general, and administrative expenses and other (income) expense, net
Pension settlements	(0.4)		(0.8)		Pension settlements
Pension adjustments upon sale of businesses	—		1.8		Gain on sale of businesses
Income tax benefit (expense)	(0.4)		1.6		Provision for income taxes
Net of tax	$	(1.4)	$	(2.9)

Foreign currency translation adjustments:
Foreign currency adjustments upon sale of businesses	$	—	$	(15.8)	Gain on sale of businesses
Income tax expense	—		—		Provision for income taxes
Net of tax	$	—	$	(15.8)

Total reclassifications from AOCL	$	(2.1)	$	(19.0)

The following tables provide information on changes in AOCL, by component (net of tax), for the years ended December 31, 2024 and 2023 (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, 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 (loss)	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)


	(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, 2022	$	(4.9)	$	(0.5)	$	(46.2)	$	(39.0)	$	(90.6)
Other comprehensive income (loss) before reclassifications	2.6		1.1		(0.9)		11.9		14.7
Amounts reclassified from AOCL	0.3		—		2.9		15.8		19.0
Net other comprehensive income	2.9		1.1		2.0		27.7		33.7
Balance as of December 31, 2023	$	(2.0)	$	0.6	$	(44.2)	$	(11.3)	$	(56.9)