Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Components of Accumulated Other Comprehensive Income Including Proportions Attributable to Non-controlling Interests

The components of accumulated other comprehensive income (loss), net of tax, for the three months ended September 30, 2023 and 2022 are as follows (in millions):


	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of June 30, 2023	$	3.2	$	(11.1)	$	(7.9)
Foreign currency translation adjustment	(0.9)		—		(0.9)
Amortization related to derivatives securities, before tax	—		0.9		0.9
Tax impact	—		(0.2)		(0.2)
Other comprehensive income (loss)	(0.9)		0.7		(0.2)

Balance, as of September 30, 2023	$	2.3	$	(10.4)	$	(8.1)


	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of June 30, 2022	$	1.7	$	(13.4)	$	(11.7)
Foreign currency translation adjustment	(2.5)		—		(2.5)
Amortization related to derivatives securities, before tax	—		0.8		0.8
Tax impact	—		(0.2)		(0.2)
Other comprehensive income (loss)	(2.5)		0.6		(1.9)
Balance, as of September 30, 2022	$	(0.8)	$	(12.8)	$	(13.6)

The components of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2023 and 2022 are as follows (in millions):


	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of December 31, 2022	$	1.7	$	(12.3)	$	(10.6)
Foreign currency translation adjustment	0.6		—		0.6
Amortization related to derivatives securities, before tax	—		2.5		2.5
Tax impact	—		(0.6)		(0.6)
Other comprehensive income	0.6		1.9		2.5

Balance, as of September 30, 2023	$	2.3	$	(10.4)	$	(8.1)


	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of December 31, 2021	$	4.8	$	(15.6)	$	(10.8)
Foreign currency translation adjustment	(5.6)		—		(5.6)
Amortization related to derivatives securities, before tax(1)	—		3.8		3.8
Tax impact	—		(1.0)		(1.0)
Other comprehensive income (loss)	(5.6)		2.8		(2.8)

Balance, as of September 30, 2022	$	(0.8)	$	(12.8)	$	(13.6)

(1)On January 18, 2022, the Company completed the full redemption of the $125 million aggregate principal amount outstanding of its 5.125% Senior Notes due August 1, 2031. As a result of this transaction, the Company recorded $1.3 million of amortization expense included in Amortization related to derivatives securities, before tax for the nine months ended September 30, 2022.