Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS The changes in accumulated other comprehensive loss by component are summarized below ($ in millions).

	Foreign Currency Translation Adjustments		Unrealized Loss on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended September 30, 2022
Balance, July 1, 2022	$	(272.1)	$	0.2	$	(2.4)	$	(274.3)
Other comprehensive loss before reclassifications:
(Decrease) increase	(109.9)		(0.3)		—		(110.2)
Income tax impact	(6.7)		0.1		—		(6.6)
Other comprehensive loss before reclassifications, net of income taxes	(116.6)		(0.2)		—		(116.8)
Amounts reclassified from accumulated other comprehensive loss:
Increase	—		—		(0.1)		(0.1)
Income tax impact	—		—		—		—
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		(0.1)		(0.1)
Net current period other comprehensive loss, net of income taxes	(116.6)		(0.2)		(0.1)		(116.9)
Balance, September 30, 2022	$	(388.7)	$	—	$	(2.5)	$	(391.2)

	Foreign Currency Translation Adjustments		Unrealized Loss on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended October 1, 2021
Balance, July 2, 2021	$	(101.8)	$	(3.8)	$	(23.3)	$	(128.9)
Other comprehensive income before reclassifications:
(Decrease) increase	(20.2)		1.5		—		(18.7)
Income tax impact	(4.8)		(0.4)		—		(5.2)
Other comprehensive (loss) income before reclassifications, net of income taxes	(25.0)		1.1		—		(23.9)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		—		0.2		0.2
Income tax impact	—		—		—		—
Amounts reclassified from accumulated other comprehensive income, net of income taxes	—		—		0.2		0.2
Net current period other comprehensive (loss) income, net of income taxes	(25.0)		1.1		0.2		(23.7)
Balance, October 1, 2021	$	(126.8)	$	(2.7)	$	(23.1)	$	(152.6)

	Foreign Currency Translation Adjustments		Unrealized Loss on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Nine Months Ended September 30, 2022
Balance, December 31, 2021	$	(139.6)	$	(1.7)	$	(2.2)	$	(143.5)
Other comprehensive (loss) income before reclassifications:
(Decrease) increase	(224.1)		2.2		—		(221.9)
Income tax impact	(25.0)		(0.5)		—		(25.5)
Other comprehensive (loss) income before reclassifications, net of income taxes	(249.1)		1.7		—		(247.4)
Amounts reclassified from accumulated other comprehensive loss:
Increase	—		—		(0.3)		(0.3)
Income tax impact	—		—		—		—
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		(0.3)		(0.3)
Net current period other comprehensive (loss) income, net of income taxes	(249.1)		1.7		(0.3)		(247.7)
Balance, September 30, 2022	$	(388.7)	$	—	$	(2.5)	$	(391.2)

	Foreign Currency Translation Adjustments		Unrealized Loss on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Nine Months Ended October 1, 2021
Balance, December 31, 2020	$	(62.5)	$	(6.3)	$	(23.0)	$	(91.8)
Other comprehensive (loss) before reclassifications:
(Decrease) increase	(51.2)		4.8		—		(46.4)
Income tax impact	(13.1)		(1.2)		—		(14.3)
Other comprehensive (loss) income before reclassifications, net of income taxes	(64.3)		3.6		—		(60.7)
Amounts reclassified from accumulated other comprehensive loss:
Increase	—		—		—		—
Income tax impact	—		—		(0.1)		(0.1)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		(0.1)		(0.1)
Net current period other comprehensive (loss) income, net of income taxes	(64.3)		3.6		(0.1)		(60.8)
Balance, October 1, 2021	$	(126.8)	$	(2.7)	$	(23.1)	$	(152.6)