Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

ACCUMULATED OTHER COMPREHENSIVE LOSS


	Unrealized Currency Translation Adjustments		Pension Adjustments		Unrealized Gain (Loss) on Derivatives		Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2022	$	(433.5)	$	(36.3)	$	2.9	$	(466.9)
Current year deferrals to AOCI	50.3		—		0.6		50.9
Reclassifications from AOCI to Net income	(4.2)		0.2		(2.5)		(6.5)
Net Change	46.1		0.2		(1.9)		44.4
Balance, March 31, 2023	$	(387.4)	$	(36.1)	$	1.0	$	(422.5)

The cumulative income tax benefit related to the adjustments for foreign exchange at March 31, 2023 was $0.9 million. The cumulative income tax benefit related to the adjustments for pension benefits at March 31, 2023 was $14.1 million. The cumulative income tax benefit related to the adjustments for the unrealized gain on derivatives at March 31, 2023 was $0.4 million. See Note 16 for classification within the condensed consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.


	Unrealized Currency Translation Adjustments		Pension Adjustments		Unrealized (Loss) Gain on Derivatives		Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2021	$	(331.3)	$	(60.4)	$	(22.7)	$	(414.4)
Current year deferrals to AOCI	0.4		—		10.8		11.2
Reclassifications from AOCI to Net income	(4.8)		0.5		6.1		1.8
Net Change	(4.4)		0.5		16.9		13.0
Balance, March 31, 2022	$	(335.7)	$	(59.9)	$	(5.8)	$	(401.4)

The cumulative income tax benefit related to the adjustments for pension benefits at March 31, 2022 was $24.4 million. The cumulative income tax benefit related to the adjustments for the unrealized loss on derivatives at March 31, 2022 was $1.0 million. See Note 16 for classification within the condensed consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.