Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2021

Note 9 — Accumulated Other Comprehensive Income

Accumulated other comprehensive income is a separate line within the unaudited condensed consolidated statements of equity that reports our cumulative income (loss) that has not been reported as part of net income (loss). The components of accumulated other comprehensive income at June 30, 2021 and December 31, 2020 were as follows:


	June 30, 2021
	Gross Balance			Tax Effect		Net Balance
Foreign currency translation	$	11.7		$	-	$	11.7
Unrealized gain (loss) on interest rate swaps		(6.7	)		1.9		(4.8	)
Total	$	5.0		$	1.9	$	6.9


	December 31, 2020
	Gross Balance			Tax Effect		Net Balance
Foreign currency translation	$	17.9		$	-	$	17.9
Unrealized gain (loss) on interest rate swaps		(9.9	)		2.7		(7.2	)
Total	$	8.0		$	2.7	$	10.7

The following table presents the changes in accumulated other comprehensive income (loss) by component:


	Six Months Ended June 30, 2021
	Foreign currency translation			Unrealized gain (loss) on interest rate swaps			Total
Beginning balance	$	17.9		$	(7.2	)	$	10.7
Other comprehensive income (loss) before reclassifications		(6.2	)		5.1			(1.1	)
Amounts reclassified from accumulated other comprehensive income (loss)		-			(2.7	)		(2.7	)
Ending balance	$	11.7		$	(4.8	)	$	6.9