Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in accumulated other comprehensive loss by component are summarized below ($ in millions):


	Foreign Currency Translation Adjustments		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
































Balance, December 31, 2020	$	(62.5)	$	(6.3)	$	(23.0)	$	(91.8)
Other comprehensive loss before reclassifications:
(Decrease) increase	(72.7)		6.1		21.9		(44.7)
Income tax impact	(17.0)		(1.5)		(4.7)		(23.2)
Other comprehensive (loss) income before reclassifications, net of income taxes	(89.7)		4.6		17.2		(67.9)
Amounts reclassified from accumulated other comprehensive loss income:
Increase	15.9		—		5.0		20.9
Income tax impact	(3.3)		—		(1.4)		(4.7)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	12.6		—		3.6		16.2
Net current period other comprehensive (loss) income, net of income taxes	(77.1)		4.6		20.8		(51.7)
Balance, December 31, 2021	$	(139.6)	$	(1.7)	$	(2.2)	$	(143.5)
Other comprehensive loss before reclassifications:
(Decrease) increase	(80.5)		2.2		24.6		(53.7)
Income tax impact	(20.4)		(0.5)		(5.2)		(26.1)
Other comprehensive (loss) income before reclassifications, net of income taxes	(100.9)		1.7		19.4		(79.8)
Amounts reclassified from accumulated other comprehensive loss income:
Decrease	—		—		(2.3)		(2.3)
Income tax impact	—		—		0.5		0.5
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		(1.8)		(1.8)
Net current period other comprehensive (loss) income, net of income taxes	(100.9)		1.7		17.6		(81.6)
Balance, December 31, 2022	$	(240.5)	$	—	$	15.4	$	(225.1)
Other comprehensive loss before reclassifications:
Increase (decrease)	13.8		—		(7.7)		6.1
Income tax impact	3.0		—		1.5		4.5
Other comprehensive income (loss) before reclassifications, net of income taxes	16.8		—		(6.2)		10.6
Amounts reclassified from accumulated other comprehensive loss income:
Decrease	—		—		(3.3)		(3.3)
Income tax impact	—		—		0.6		0.6
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		(2.7)		(2.7)
Net current period other comprehensive income (loss), net of income taxes	16.8		—		(8.9)		7.9
Balance, December 31, 2023	$	(223.7)	$	—	$	6.5	$	(217.2)