OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

9 Months Ended

Sep. 30, 2024

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

10. 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 9 for additional information related to the Company’s derivatives and hedging transactions. Refer to Note 14 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)	2024		2023		2024		2023
Derivative and Hedging Instruments
Unrealized gain (loss) on derivative and hedging instruments
Amount recognized in AOCI		($6.7)		($8.2)		$4.7		($14.9)
(Gain) loss reclassified from AOCI into income
COS		(2.5)		(1.5)		(3.7)		(9.6)
SG&A		(1.7)		10.4		(3.7)		20.8
Interest (income) expense, net		0.5		(1.4)		1.4		(4.6)
		(3.7)		7.5		(6.0)		6.6
Other activity		(0.1)		(1.1)		(0.1)		0.1
Tax impact		2.3		1.9		0.5		2.1
Net of tax		($8.2)		$0.1		($0.9)		($6.1)
Pension and Postretirement Benefits
Amount reclassified from AOCI into income
Settlement charge		$-		$-		$0.4		$0.6
Amortization of losses and prior period service credits, net		1.7		1.0		5.7		3.5
		1.7		1.0		6.1		4.1
Other activity		(3.1)		(3.3)		(3.3)		(9.4)
Tax impact		-		(0.9)		(2.0)		(2.0)
Net of tax		($1.4)		($3.2)		$0.8		($7.3)

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
	2024		2023		2024		2023
(millions)
Derivative (gain) loss reclassified from AOCI into income, net of tax		($2.8)		$5.6		($4.5)		$4.9
Pension and postretirement benefits amortization of losses and prior period service credits, net and settlement charges, reclassified from AOCI into income, net of tax		(1.4)		(3.2)		0.8		(7.3)