Accumulated other comprehensive loss (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Changes in Accumulated Other Comprehensive Loss by Component Net of Tax

The following tables present the changes in accumulated other comprehensive loss by component, net of tax:


(in millions)	Cash flow hedges		Defined benefit pension items		Currency translation items		Total
Balance as of December 31, 2019	$	(15.4)	$	(1.0)	$	(362.9)	$	(379.3)
Other comprehensive loss before reclassifications	(11.1)		—		(94.1)		(105.2)
Amounts reclassified from accumulated other comprehensive loss	(5.0)		—		—		(5.0)
Net current period other comprehensive loss	$	(16.1)	$	—	$	(94.1)	$	(110.2)
Balance as of March 31, 2020	$	(31.5)	$	(1.0)	$	(457.0)	$	(489.5)

Balance as of December 31, 2018	$	8.9	$	(1.1)	$	(381.0)	$	(373.2)
Impact due to adoption of ASU 2018-02⁽¹⁾	1.5		—		(4.7)		(3.2)
Other comprehensive (loss) income before reclassifications	(5.5)		—		8.2		2.7
Amounts reclassified from accumulated other comprehensive loss	(2.8)		—		—		(2.8)
Net current period other comprehensive (loss) income	$	(6.8)	$	—	$	3.5	$	(3.3)
Balance as of March 31, 2019	$	2.1	$	(1.1)	$	(377.5)	$	(376.5)

(1)Adjusted due to the adoption of ASU 2018-02 “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” on January 1, 2019.

Summary of Amounts Reclassified From Accumulated Other Comprehensive Loss

The following is a summary of the amounts reclassified from accumulated other comprehensive loss to net income (loss):


	Three months ended March 31,					Location of impact on statement of operations
(in millions)	2020 ⁽¹⁾		2019 ⁽¹⁾
Cash flow hedges:
Interest rate swap contracts	$	0.9	$	(3.8)	Interest expense
Cross-currency swap contracts	(8.1)		—		Interest expense and other expense, net
Tax expense	2.2		1.0		Income tax benefit
Total reclassifications for the period, net of tax	$	(5.0)	$	(2.8)

(1)Amounts in parentheses indicate credits to net income (loss) in the condensed consolidated statement of operations.