Other Comprehensive (Loss) Earnings

12 Months Ended

Dec. 31, 2022

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Other Comprehensive (Loss) Earnings

17. Other Comprehensive Earnings

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

	Year Ended December 31, 2022
(in millions)	Pre-tax		Tax		Net of tax
Foreign currency translation	$	(23.2)	$	—	$	(23.2)
Employee benefit plans	1.4		(0.6)		0.8
Changes in fair value of cash flow hedges	1.1		(0.4)		0.7
Total other comprehensive loss	$	(20.7)	$	(1.0)	$	(21.7)
	Year Ended December 31, 2021
(in millions)	Pre-tax		Tax		Net of tax
Foreign currency translation	$	(3.6)	$	—	$	(3.6)
Employee benefit plans	6.6		(1.6)		5.0
Changes in fair value of cash flow hedges	(1.6)		0.3		(1.3)
Total other comprehensive earnings	$	1.4	$	(1.3)	$	0.1
	Year Ended December 31, 2020
(in millions)	Pre-tax		Tax		Net of tax
Foreign currency translation	$	13.8	$	—	$	13.8
Employee benefit plans	(4.4)		1.0		(3.4)
Changes in fair value of cash flow hedges	1.4		(0.3)		1.1
Total other comprehensive earnings	$	10.8	$	0.7	$	11.5

The following table summarizes the changes in balances of each component of accumulated other comprehensive loss, net of tax during the years ended December 31, 2022 and 2021:

(in millions)	Cash flow hedges		Employee benefit plans		Cumulative foreign currency translation adjustments		Total
Balance at January 1, 2021	$	1.6	$	(22.1)	$	(80.0)	$	(100.5)
Other comprehensive (loss) earnings, net of tax	(1.3)		5.0		(3.6)		0.1
Balance at December 31, 2021	0.3		(17.1)		(83.6)		(100.4)
Other comprehensive earnings (loss), net of tax	0.7		0.8		(23.2)		(21.7)
Balance at December 31, 2022	$	1.0	$	(16.3)	$	(106.8)	$	(122.1)

The following table summarizes the amounts reclassified from accumulated other comprehensive loss to earnings:

		Years Ended December 31,
(in millions)	Statement of Earnings Line	2022		2021		2020
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costs	Other (income) expense, net	$	0.6	$	0.9	$	0.7
Tax	Provision for (benefit from) income taxes	(0.1)		(0.2)		(0.1)
Net of tax		$	0.5	$	0.7	$	0.6
Cash flow hedges:
Net losses (gains) reclassified into earnings	Cost of goods sold	$	4.5	$	(2.1)	$	(1.2)
Tax	Provision for (benefit from) income taxes	(1.0)		0.5		0.3
Net of tax		$	3.5	$	(1.6)	$	(0.9)