Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2020

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

Schedule of Before Tax Income (Loss) and Related Income Tax Effect

The before tax income (loss) and related income tax effect are as follows.

	For the Three Month Period Ended September 30, 2020						For the Nine Month Period Ended September 30, 2020
	Before-Tax Amount		Tax Benefit or (Expense)		Net of Tax Amount		Before-Tax Amount		Tax Benefit or (Expense)		Net of Tax Amount
Foreign currency translation adjustments, net	$	135.3	$	7.3	$	142.6	$	87.6	$	7.7	$	95.3
Unrecognized gains on cash flow hedges, net	5.5		(1.3)		4.2		14.3		(3.4)		10.9
Pension and other postretirement benefit prior service cost and gain or loss, net	(1.6)		0.6		(1.0)		2.3		0.1		2.4
Other comprehensive income	$	139.2	$	6.6	$	145.8	$	104.2	$	4.4	$	108.6

	For the Three Month Period Ended September 30, 2019						For the Nine Month Period Ended September 30, 2019
	Before-Tax Amount		Tax Benefit or (Expense)		Net of Tax Amount		Before-Tax Amount		Tax Benefit or (Expense)		Net of Tax Amount
Foreign currency translation adjustments, net	$	(42.0)	$	(6.8)	$	(48.8)	$	(46.0)	$	(9.3)	$	(55.3)
Unrecognized gains on cash flow hedges, net	4.3		(1.0)		3.3		4.9		(0.2)		4.7
Pension and other postretirement benefit prior service cost and gain or loss, net	2.3		(0.4)		1.9		3.8		(0.5)		3.3
Other comprehensive loss	$	(35.4)	$	(8.2)	$	(43.6)	$	(37.3)	$	(10.0)	$	(47.3)

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component for the nine month periods ended September 30, 2020 and 2019 are presented in the following table(1).

	Foreign Currency Translation Adjustments, Net		Unrecognized Gains (Losses) on Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2019	$	(193.6)	$	(10.9)	$	(51.5)	$	(256.0)
Other comprehensive income (loss) before reclassifications	95.3		(3.0)		0.7		93.0
Amounts reclassified from accumulated other comprehensive income (loss)	—		13.9		1.7		15.6
Other comprehensive income	95.3		10.9		2.4		108.6
Balance as of September 30, 2020	$	(98.3)	$	—	$	(49.1)	$	(147.4)

	Foreign Currency Translation Adjustments, Net		Unrecognized Gains (Losses) on Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2018	$	(190.6)	$	(11.4)	$	(45.0)	$	(247.0)
Other comprehensive income (loss) before reclassifications	(55.3)		(4.6)		2.0		(57.9)
Amounts reclassified from accumulated other comprehensive income (loss)	—		9.3		1.3		10.6
Other comprehensive income (loss)	(55.3)		4.7		3.3		(47.3)
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2018-02)	(1.5)		(6.7)		—		(8.2)
Balance as of September 30, 2019	$	(247.4)	$	(13.4)	$	(41.7)	$	(302.5)

(1)All amounts are net of tax. Amounts in parentheses indicate debits.

Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)

Reclassifications out of accumulated other comprehensive income (loss) for the nine month periods ended September 30, 2020 and 2019 are presented in the following table.

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Details about Accumulated Other Comprehensive Income (Loss) Components	For the Nine Month Period Ended September 30, 2020				Affected Line(s) in the Statement Where Net Income is Presented
	2020		2019
Loss on cash flow hedges (interest rate swaps)	$	18.5	$	12.3	Interest expense
Benefit for income taxes	(4.6)		(3.0)		Benefit for income taxes
Loss on cash flow hedges (interest rate swaps), net of tax	$	13.9	$	9.3
Amortization of defined benefit pension and other postretirement benefit items(1)	$	2.3	$	1.7	Cost of sales and Selling and administrative expenses
Benefit for income taxes	(0.6)		(0.4)		Benefit for income taxes
Amortization of defined benefit pension and other postretirement benefit items, net of tax	$	1.7	$	1.3
Total reclassifications for the period, net of tax	$	15.6	$	10.6

(1)These components are included in the computation of net periodic benefit cost. See Note 7 “Benefit Plans” for additional details.