Accumulated other comprehensive loss

6 Months Ended

Jun. 30, 2020

12. Accumulated other comprehensive loss

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	(22.2)		—		(74.4)		(96.6)
Amounts reclassified from accumulated other comprehensive loss	0.8		0.1		—		0.9
Net current period other comprehensive (loss) income	$	(21.4)	$	0.1	$	(74.4)	$	(95.7)
Balance as of June 30, 2020	$	(36.8)	$	(0.9)	$	(437.3)	$	(475.0)

Balance as of April 1, 2020	$	(31.5)	$	(1.0)	$	(457.0)	$	(489.5)
Other comprehensive (loss) income before reclassifications	(11.1)		—		19.7		8.6
Amounts reclassified from accumulated other comprehensive loss	5.8		0.1		—		5.9
Net current period other comprehensive (loss) income	$	(5.3)	$	0.1	$	19.7	$	14.5
Balance as of June 30, 2020	$	(36.8)	$	(0.9)	$	(437.3)	$	(475.0)

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	(18.6)		—		19.8		1.2
Amounts reclassified from accumulated other comprehensive loss	(5.6)		0.1		—		(5.5)
Net current period other comprehensive (loss) income	$	(22.7)	$	0.1	$	15.1	$	(7.5)
Balance as of June 30, 2019	$	(13.8)	$	(1.0)	$	(365.9)	$	(380.7)

Balance as of Balance as of April 1, 2019	$	2.1	$	(1.1)	$	(377.5)	$	(376.5)
Other comprehensive (loss) income before reclassifications	(13.1)		—		11.6		(1.5)
Amounts reclassified from accumulated other comprehensive loss	(2.8)		0.1		—		(2.7)
Net current period other comprehensive (loss) income	$	(15.9)	$	0.1	$	11.6	$	(4.2)
Balance as of June 30, 2019	$	(13.8)	$	(1.0)	$	(365.9)	$	(380.7)

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

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


	Statement of Operations Classification	Three months ended June 30,									Six months ended June 30,
(in millions)				2020 ⁽¹⁾			2019 ⁽¹⁾			2020 ⁽¹⁾			2019 ⁽¹⁾
Amortization of defined benefit pension items:
Prior service cost	Other expense, net	$	0.1		$	0.1		$	0.1		$	0.1
Tax expense	Income tax expense (benefit)	—			—			—			—
Net of tax		$	0.1		$	0.1		$	0.1		$	0.1
Cash flow hedges:
Interest rate swap contracts	Interest expense	$	2.2		$	(3.7)		$	3.1		$	(7.5)
Cross-currency swap contracts	Interest expense and other expense, net	6.1			—			(2.0)			—
Tax expense	Income tax expense (benefit)	(2.5)			0.9			(0.3)			1.9
Net of tax		$	5.8		$	(2.8)		$	0.8		$	(5.6)
Total reclassifications for the period, net of tax		$	5.9		$	(2.7)		$	0.9		$	(5.5)

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