Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024						2023
	Before-Tax Amount		Tax Benefit (Expense)		Net of Tax Amount		Before-Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Foreign currency translation adjustments, net	$	(67.4)	$	(6.1)	$	(73.5)	$	46.2	$	(15.4)	$	30.8
Unrecognized losses on cash flow hedges	(0.1)		—		(0.1)		(7.1)		1.8		(5.3)
Pension and other postretirement benefit prior service cost and gain or loss, net	(1.9)		0.5		(1.4)		(0.2)		—		(0.2)
Other comprehensive income (loss)	$	(69.4)	$	(5.6)	$	(75.0)	$	38.9	$	(13.6)	$	25.3

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive loss by component for the three month periods ended March 31, 2024 and 2023 are presented in the following table net of tax.

	Foreign Currency Translation Adjustments, Net		Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2023	$	(248.0)	$	12.2	$	8.2	$	(227.6)
Other comprehensive income (loss) before reclassifications	(70.4)		3.4		(1.0)		(68.0)
Amounts reclassified from accumulated other comprehensive loss	(3.1)		(3.5)		(0.4)		(7.0)
Other comprehensive loss	(73.5)		(0.1)		(1.4)		(75.0)
Balance as of March 31, 2024	$	(321.5)	$	12.1	$	6.8	$	(302.6)

	Foreign Currency Translation Adjustments, Net		Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Total
Balance as of December 31, 2022	$	(282.8)	$	16.0	$	15.1	$	(251.7)
Other comprehensive income (loss) before reclassifications	34.8		(3.8)		0.2		31.2
Amounts reclassified from accumulated other comprehensive loss	(4.0)		(1.5)		(0.4)		(5.9)
Other comprehensive income (loss)	30.8		(5.3)		(0.2)		25.3
Balance as of March 31, 2023	$	(252.0)	$	10.7	$	14.9	$	(226.4)

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive loss for the three month periods ended March 31, 2024 and 2023 are presented in the following table.

Amount Reclassified from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components	For the Three Month Period Ended March 31,				Affected Line(s) in the Statement Where Net Income is Presented
	2024		2023
Cash flow hedges (interest rate swaps and caps)	$	(4.7)	$	(2.0)	Interest expense
Provision for income taxes	1.2		0.5		Provision for income taxes
Cash flow hedges (interest rate swaps and caps), net of tax	$	(3.5)	$	(1.5)
Net investment hedges	$	(4.2)	$	(5.4)	Interest expense
Provision for income taxes	1.1		1.4		Provision for income taxes
Net investment hedges, net of tax	$	(3.1)	$	(4.0)
Amortization of defined benefit pension and other postretirement benefit items(1)	$	(0.5)	$	(0.5)	Cost of sales and Selling and administrative expenses
Provision for income taxes	0.1		0.1		Provision for income taxes
Amortization of defined benefit pension and other postretirement benefit items, net of tax	$	(0.4)	$	(0.4)
Total reclassifications for the period, net of tax	$	(7.0)	$	(5.9)

(1)These components are included in the computation of net periodic benefit cost. See Note 9 “Benefit Plans” for additional details.