Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2023

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

Schedule of Accumulated Other Comprehensive Income Loss

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the six months ended June 30, 2023 is provided below (in millions):

(debit) credit	Cash flow hedge gain (loss)		Unrealized gain (loss) on available-for- sale securities		Pension and post retirement benefit plan adjustment		Cumulative translation adjustment		Total
BALANCE AT DECEMBER 31, 2022	$	0.6	$	(0.8)	$	(188.6)	$	(156.4)	$	(345.2)
Other comprehensive income (loss) before reclassifications	(0.4)		—		—		13.3		12.9
Amounts reclassified from accumulated other comprehensive income (loss)	(0.5)		—		3.4		—		2.9
Current period other comprehensive income (loss)	(0.9)		—		3.4		13.3		15.8
BALANCE AT JUNE 30, 2023	$	(0.3)	$	(0.8)	$	(185.2)	$	(143.1)	$	(329.4)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 30, 2023 and 2022 is provided below (in millions): 

	Three Months Ended June 30,				Six Months Ended June 30,
Details about Accumulated Other Comprehensive Loss Components	2023		2022		2023		2022		Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	—	$	—	$	—	$	—	Net sales
	0.3		0.2		0.7		0.2		Cost of goods sold
	—		—		—		—		Other expense, net
	0.3		0.2		0.7		0.2		Total before tax
	(0.1)		—		(0.2)		—		Tax benefit (expense)
	$	0.2	$	0.2	$	0.5	$	0.2	Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service costs (a)	$	(0.1)	$	(0.1)	$	(0.2)	$	(0.2)
Actuarial gains (losses) (a)	(2.5)		(2.5)		(5.0)		(5.0)
Settlement losses (a)	—		(5.8)		—		(5.8)
	(2.6)		(8.4)		(5.2)		(11.0)		Total before tax
	0.6		2.1		1.8		2.6		Tax benefit (expense)
	$	(2.0)	$	(6.3)	$	(3.4)	$	(8.4)	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	$	(1.8)	$	(6.1)	$	(2.9)	$	(8.7)	Gain (loss) net of tax

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 13 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).