Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Comprehensive Income [Abstract]

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents reclassification adjustments out of Accumulated other comprehensive loss during the years ended December 31, 2021, 2020 and 2019:

(in millions)
Details about Accumulated other comprehensive loss components	2021		2020		2019		Affected line item in the statement where net income is presented
Amount of loss reclassified into earnings from foreign currency:
Foreign currency cumulative translation adjustment	$	—	$	—	$	(13.9)	Net loss from discontinued operations, net of tax
	—		—		(13.9)		Net loss from discontinued operations, net of tax
	—		—		0.1		Net loss from discontinued operations, net of tax
	$	—	$	—	$	(13.8)	Net loss from discontinued operations, net of tax
Amortization of defined benefit items:
Prior service credits	$	0.2	$	0.7	$	0.7	Other expense, net (A)
Net actuarial losses	(1.1)		(1.1)		(6.2)		Other expense, net (A)
Net actuarial losses	—		—		(292.8)		Pension settlement benefit (charge) (A) (B)
	(0.9)		(0.4)		(298.3)		Earnings before income taxes
	0.1		0.1		(15.0)		Income tax provision (B)
	$	(0.8)	$	(0.3)	$	(313.3)	Net earnings from continuing operations(B)
Amount of gain (loss) reclassified into earnings on derivative contracts:
Interest rate contracts	$	(0.6)	$	(0.6)	$	(0.6)	Interest expense
Foreign exchange contracts	(8.3)		7.4		10.8		Cost of sales
Commodity Contracts	4.7		—		—		Cost of sales
	(4.2)		6.8		10.2		Earnings before income taxes
	1.3		(1.8)		(3.0)		Income tax provision
	$	(2.9)	$	5.0	$	7.2	Net earnings from continuing operations

(A)    These Accumulated other comprehensive loss components are included in the computation of net pension and other benefit costs. See Note 17 – Postretirement Benefits for additional details.

(B)    In 2019, the Company fully exited its qualified benefit pension plans and as a result, recorded a pre-tax settlement charge of $292.8 million. The income tax impact of the settlement action was a net provision of $17.5 million, consisting of an income tax benefit of $73.9 million associated with the pension settlement charge netted against an income tax charge of $91.4 million resulting from the release of disproportionate tax effects in Accumulated other comprehensive loss. Refer to Note 17 – Postretirement Benefits and Note 12 – Income Taxes in the Notes to Consolidated Financial Statements for further information on the pension settlement and related income tax consequences, respectively.