Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities

Schedule of gains and losses on derivatives

	Nine months ended
	September 30,
	2021
	(in millions)
Interest rate swap contracts(1)
Gain recorded in AOCI on derivatives, before tax	$	8.5
Tax impact		(2.0)
Gain recorded in AOCI on derivatives, net	$	6.5

(1) Gains (losses) on derivatives reclassified from AOCI into income are included in “Interest expense” in the unaudited condensed consolidated statements of operations, the same line item as the earnings effect of the hedged item. Losses recognized for the nine months ended September 30, 2021 total $9.5 million.