OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

9 Months Ended

Sep. 30, 2022

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

9. OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

Other comprehensive income (loss) includes net income, foreign currency translation adjustments, defined benefit pension and postretirement plan adjustments, gains and losses on derivative instruments designated and effective as cash flow hedges and non-derivative instruments designated and effective as foreign currency net investment hedges that are charged or credited to the accumulated other comprehensive loss account in shareholders’ equity. Refer to Note 8 for additional information related to the Company’s derivatives and hedging transactions. Refer to Note 13 for additional information related to the Company’s pension and postretirement benefits activity.

The following tables provide other comprehensive income information related to the Company’s derivatives and hedging instruments and pension and postretirement benefits:

	Third Quarter Ended				Nine Months Ended
	September 30				September 30
(millions)	2022		2021		2022		2021
Derivative and Hedging Instruments
Unrealized gain (loss) on derivative & hedging instruments
Amount recognized in AOCI		$74.2		$61.2		$134.6		$30.3
Loss (gain) reclassified from AOCI into income
COS		(2.7)		4.6		(3.5)		9.2
SG&A		(52.7)		(42.1)		(104.8)		(4.7)
Interest (income) expense, net		(2.7)		(4.5)		(9.2)		(14.6)
		(58.1)		(42.0)		(117.5)		(10.1)
Other activity		0.2		0.5		0.7		(0.2)
Tax impact		(4.7)		(4.4)		(4.7)		(3.3)
Net of tax		$11.6		$15.3		$13.1		$16.7
Pension and Postretirement Benefits
Amount recognized in AOCI
Current period net actuarial (loss) gain		($151.7)		$-		($151.7)		$145.0
Amount reclassified from AOCI into income
Settlement charge		24.8		7.0		25.7		26.6
Amortization of net actuarial loss and prior period service credits, net		14.3		16.3		43.7		59.8
		(112.6)		23.3		(82.3)		231.4
Other activity		24.7		15.6		42.6		(2.8)
Tax impact		25.6		(5.5)		19.1		(55.9)
Net of tax		($62.3)		$33.4		($20.6)		$172.7

The following table summarizes the derivative and pension and postretirement benefit amounts reclassified from AOCI into income:

	Third Quarter Ended				Nine Months Ended
	September 30				September 30
	2022		2021		2022		2021
(millions)
Derivative (gain) loss reclassified from AOCI into income, net of tax		($43.7)		($31.9)		($88.5)		($7.7)
Pension and postretirement benefits amortization of net actuarial losses
and prior service credits and settlement charges reclassified from AOCI into income, net of tax		29.7		33.4		53.1		62.8