Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2022

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

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2022 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, 2021	$	0.4	$	0.6	$	(202.8)	$	(129.0)	$	(330.8)
Other comprehensive income (loss) before reclassifications	(0.6)		(1.2)		—		4.6		2.8
Amounts reclassified from accumulated other comprehensive loss	—		—		2.1		0.5		2.6
Current period other comprehensive income (loss)	(0.6)		(1.2)		2.1		5.1		5.4
BALANCE AT MARCH 31, 2022	$	(0.2)	$	(0.6)	$	(200.7)	$	(123.9)	$	(325.4)

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three months ended March 31, 2022 and 2021 is provided below (in millions):


	Three Months Ended March 31,
Details about Accumulated Other Comprehensive Loss Components	2022		2021		Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	—	$	(0.1)	Net sales
	—		(0.3)		Cost of goods sold

	—		(0.4)		Total before tax
	—		0.1		Tax benefit (expense)
	$	—	$	(0.3)	Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service costs (a)	$	(0.1)	$	—
Actuarial gains/(losses) (a)	(2.5)		(2.7)

	(2.6)		(2.7)		Total before tax
	0.5		0.7		Tax benefit (expense)
	$	(2.1)	$	(2.0)	Gain (loss) net of tax





Reclassification of currency translation gain (loss):
	$	(0.5)	$	—	Gain (loss) on disposition of business (Note 2)
	—		—		Tax benefit (expense)
	$	(0.5)	$	—	Gain (loss) net of tax

Gains (losses) reclassified into earnings	$	(2.6)	$	(2.3)	Gain (loss) net of tax

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).