Other Comprehensive Earnings

3 Months Ended

Sep. 30, 2020

Statement of Other Comprehensive Income [Abstract]

Other Comprehensive Earnings

The amounts recognized in other comprehensive earnings (loss) were as follows:

	Three Months Ended						Three Months Ended
	September 30, 2020						September 30, 2019
(in millions)	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation	$	9.2	$	—	$	9.2	$	(4.9)	$	—	$	(4.9)
Employee benefit plans	0.2		0.1		0.3		0.1		—		0.1
Changes in fair value of cash flow hedges	1.1		(0.2)		0.9		(1.1)		0.2		(0.9)
Total other comprehensive earnings (loss)	$	10.5	$	(0.1)	$	10.4	$	(5.9)	$	0.2	$	(5.7)
	Nine Months Ended						Nine Months Ended
	September 30, 2020						September 30, 2019
(in millions)	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
Foreign currency translation	$	5.1	$	—	$	5.1	$	(3.4)	$	—	$	(3.4)
Employee benefit plans	0.5		—		0.5		0.4		—		0.4
Changes in fair value of cash flow hedges	0.5		(0.1)		0.4		(0.7)		0.1		(0.6)
Total other comprehensive earnings (loss)	$	6.1	$	(0.1)	$	6.0	$	(3.7)	$	0.1	$	(3.6)

The following tables summarize the changes in balances of each component of accumulated other comprehensive loss, net of tax during the nine months ended September 30, 2020 and 2019:

(in millions)	Cash flow hedges		Employee benefit plans		Cumulative foreign currency translation adjustments		Total
Balance at December 31, 2019	$	0.5	$	(18.7)	$	(93.8)	$	(112.0)
Other comprehensive earnings, net of tax	0.4		0.5		5.1		6.0
Balance at September 30, 2020	$	0.9	$	(18.2)	$	(88.7)	$	(106.0)

(in millions)	Cash flow hedges		Employee benefit plans		Cumulative foreign currency translation adjustments		Total
Balance at December 31, 2018	$	(0.4)	$	(15.5)	$	(95.1)	$	(111.0)
Other comprehensive (loss) earnings, net of tax	(0.6)		0.4		(3.4)		(3.6)
Balance at September 30, 2019	$	(1.0)	$	(15.1)	$	(98.5)	$	(114.6)

The following tables summarize the amounts reclassified from accumulated other comprehensive loss to earnings:

		Three Months Ended September 30,
(in millions)	Statement of Earnings Line	2020		2019
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs	Other expense (income), net	$	0.2	$	0.1
Tax	Provision for income taxes	0.1		—
Net of tax		$	0.3	$	0.1
Cash flow hedges:
Net (gains) losses reclassified into earnings	Cost of goods sold	$	(0.6)	$	0.5
Tax	Provision for income taxes	0.1		(0.1)
Net of tax		$	(0.5)	$	0.4
		Nine Months Ended September 30,
(in millions)	Statement of Earnings Line	2020		2019
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs	Other expense (income), net	$	0.5	$	0.4
Tax	Provision for income taxes	—		—
Net of tax		$	0.5	$	0.4
Cash flow hedges:
Net (gains) losses reclassified into earnings	Cost of goods sold	$	(0.2)	$	0.7
Tax	Provision for income taxes	0.1		(0.2)
Net of tax		$	(0.1)	$	0.5