ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2024

Presented below is a summary of activity for each component of Accumulated Other Comprehensive Loss for the years ended December 31, 2024, 2023, and 2022.


	Foreign Currency Translation Adjustments		Unrealized Gain (Loss) on Hedges		Unrealized (Loss) Gain on Available-for-sale Investments		Unrealized Pension (Costs) Credits (a)		Total Accumulated Other Comprehensive Loss
	(in millions)
December 31, 2021	$	(172.5)	$	29.7	$	(6.9)	$	(8.0)	$	(157.7)
Other comprehensive (loss) income before reclassifications	(33.9)		75.2		(77.9)		17.3		(19.3)
Amounts reclassified from accumulated other comprehensive loss	(7.0)		(84.5)		18.8		(0.1)		(72.8)
Deferred income tax (expense) benefit	(5.4)		3.4		0.4		(3.5)		(5.1)
December 31, 2022	(218.8)		23.8		(65.6)		5.7		(254.9)
Other comprehensive income (loss) before reclassifications	6.9		43.3		32.6		(11.1)		71.7
Amounts reclassified from accumulated other comprehensive loss	(6.9)		(72.8)		8.1		(0.8)		(72.4)
Deferred income tax benefit	4.3		6.4		0.1		2.0		12.8
December 31, 2023	(214.5)		0.7		(24.8)		(4.2)		(242.8)
Other comprehensive (loss) income before reclassifications	(49.9)		91.0		34.8		(0.2)		75.7
Amounts reclassified from accumulated other comprehensive loss	(7.0)		(40.6)		(12.5)		0.6		(59.5)
Deferred income tax expense	(2.7)		(13.4)		(1.5)		(0.3)		(17.9)
December 31, 2024	$	(274.1)	$	37.7	$	(4.0)	$	(4.1)	$	(244.5)

_______________________________________________________________________________

(a)For the years ended December 31, 2024, 2023, and 2022, the change in unrealized pension costs consisted of the following (in millions):


	Pre-Tax Amount		Tax (Expense) Benefit		Net of Tax Amount
2024
Prior service credit arising during period	$	—	$	(0.1)	$	(0.1)
Amortization of prior service credit	(0.8)		0.2		(0.6)
Net prior service cost arising during period	(0.8)		0.1		(0.7)
Net actuarial loss arising during period	1.2		(0.4)		0.8
Unrealized pension costs, net	$	0.4	$	(0.3)	$	0.1
2023
Prior service credit arising during period	$	0.7	$	0.9	$	1.6
Amortization of prior service credit	(0.8)		0.1		(0.7)
Net prior service cost arising during period	(0.1)		1.0		0.9
Net actuarial gain arising during period	(11.8)		1.0		(10.8)
Unrealized pension credits, net	$	(11.9)	$	2.0	$	(9.9)
2022
Prior service cost arising during period	$	—	$	(1.1)	$	(1.1)
Amortization of prior service credit	(0.7)		0.3		(0.4)
Net prior service cost arising during period	(0.7)		(0.8)		(1.5)
Net actuarial gain arising during period	17.9		(2.7)		15.2
Unrealized pension credits, net	$	17.2	$	(3.5)	$	13.7

The following table provides information about amounts reclassified from Accumulated Other Comprehensive Loss (in millions):


	Years Ended December 31,
Details about Accumulated Other Comprehensive Loss Components	2024		2023		Affected Line on Consolidated Statements of Operations
Foreign currency translation adjustments	$	7.0	$	6.9	Other non-operating income, net
	(1.7)		(1.7)		Provision for income taxes
	$	5.3	$	5.2	Net of tax
Gain (loss) on hedges	$	35.8	$	58.9	Cost of sales

	4.8		13.9		Other non-operating income, net
	40.6		72.8		Total before tax
	(10.1)		(15.8)		Provision for income taxes
	$	30.5	$	57.0	Net of tax
(Loss) gain on available-for-sale investments	$	12.5	$	(8.1)	Other non-operating income, net
	(3.1)		2.2		Provision for income taxes
	$	9.4	$	(5.9)	Net of tax

Amortization of pension adjustments	$	(0.6)	$	0.8	Other non-operating income, net

	0.5		(0.2)		Provision for income taxes
	$	(0.1)	$	0.6	Net of tax