Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the nine months ended September 30, 2020 is provided below (in millions):


(debit) credit	Cash flow hedge (loss) gain		Unrealized gain (loss) on available-for- sale securities		Pension and post retirement benefit plan adjustment		Cumulative translation adjustment		Total
BALANCE AT DECEMBER 31, 2019	$	(0.5)	$	0.6	$	(203.2)	$	(129.8)	$	(332.9)
Other comprehensive income (loss) before reclassifications	1.2		0.5		(22.3)		(12.2)		(32.8)
Amounts reclassified from accumulated other comprehensive loss	(0.7)		—		10.1		—		9.4
Current period other comprehensive income (loss)	0.5		0.5		(12.2)		(12.2)		(23.4)
BALANCE AT SEPTEMBER 30, 2020	$	—	$	1.1	$	(215.4)	$	(142.0)	$	(356.3)

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three and nine months ended September 30, 2020 and 2019 is provided below (in millions):


	Three Months Ended September 30,						Nine Months Ended September 30,
Details about Accumulated Other Comprehensive Loss Components	2020		2019		2020		2019		Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	—	$	0.1	$	0.3	$	0.4	Net sales
	0.2		—		0.7		0.5		Cost of goods sold
	0.2		0.1		1.0		0.9		Total before tax
	(0.1)		—		(0.3)		(0.2)		Tax benefit (expense)
	$	0.1	$	0.1	$	0.7	$	0.7	Gain (loss) net of tax
Defined benefit pension and post-retirement benefit items:
Prior-service costs (a)	$	0.1	$	0.1	$	0.2	$	0.5
Actuarial gains/(losses) (a)	(2.4)		(2.4)		(7.1)		(7.3)
Settlement and curtailment losses (a)	(6.6)		(0.3)		(6.6)		(0.3)
	(8.9)		(2.6)		(13.5)		(7.1)		Total before tax
	2.3		0.7		3.4		1.8		Tax benefit (expense)
	$	(6.6)	$	(1.9)	$	(10.1)	$	(5.3)	Gain (loss) net of tax

Reclassification of gains (losses) on available-for-sale securities:	$	—	$	(1.8)	$	—	$	(1.8)	Other expense, net
	—		—		—		—		Tax benefit (expense)
	$	—	$	(1.8)	$	—	$	(1.8)

Reclassification of currency translation gain:	$	—	$	7.7	$	—	$	7.7	Gain on disposition of business (Note 1)
	—		—		—		—		Tax benefit (expense)
	$	—	$	7.7	$	—	$	7.7

Gains (losses) reclassified into earnings	$	(6.5)	$	4.1	$	(9.4)	$	1.3

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 11 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).