Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

A reconciliation of the changes in accumulated other comprehensive income (loss), net of income tax, by component for the three months ended September 30, 2023 and 2022 are summarized as follows:

	Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance as of June 30, 2022	$	(2.3	)	$	(32.7	)	$	(96.1	)	$	(131.1	)
Other comprehensive loss before    reclassifications		(3.5	)		(0.2	)		(25.6	)		(29.3	)
Amounts reclassified from accumulated other    comprehensive loss		2.7			0.5			—			3.2
Net other comprehensive income (loss)		(0.8	)		0.3			(25.6	)		(26.1	)
Balance as of September 30, 2022	$	(3.1	)	$	(32.4	)	$	(121.7	)	$	(157.2	)
Balance as of June 30, 2023	$	(0.4	)	$	(17.2	)	$	(84.3	)	$	(101.9	)
Other comprehensive loss before    reclassifications		(5.2	)		(1.1	)		(14.1	)		(20.4	)
Amounts reclassified from accumulated other    comprehensive loss		0.6			0.8			—			1.4
Net other comprehensive loss		(4.6	)		(0.3	)		(14.1	)		(19.0	)
Balance as of September 30, 2023	$	(5.0	)	$	(17.5	)	$	(98.4	)	$	(120.9	)

A reconciliation of the changes in accumulated other comprehensive income (loss), net of income tax, by component for the nine months ended September 30, 2023 and 2022 are summarized as follows:

	Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance as of December 31, 2021	$	—		$	(32.3	)	$	(70.1	)	$	(102.4	)
Other comprehensive loss before    reclassifications		(7.4	)		(1.4	)		(51.6	)		(60.4	)
Amounts reclassified from accumulated    other comprehensive loss		4.3			1.3			—			5.6
Net other comprehensive loss		(3.1	)		(0.1	)		(51.6	)		(54.8	)
Balance as of September 30, 2022	$	(3.1	)	$	(32.4	)	$	(121.7	)	$	(157.2	)
Balance as of December 31, 2022	$	5.4		$	(15.3	)	$	(98.0	)	$	(107.9	)
Other comprehensive loss before    reclassifications		(5.8	)		(4.4	)		(9.7	)		(19.9	)
Amounts reclassified from accumulated other    comprehensive loss		(4.6	)		2.2			9.3			6.9
Net other comprehensive loss		(10.4	)		(2.2	)		(0.4	)		(13.0	)
Balance as of September 30, 2023	$	(5.0	)	$	(17.5	)	$	(98.4	)	$	(120.9	)

Reconciliation of Reclassifications From Accumulated Other Comprehensive Income (Loss), Net of Income Tax

A reconciliation of the reclassifications from accumulated other comprehensive loss, net of income tax, for the three and nine months ended September 30, 2023 and 2022 are summarized as follows:

	Amount Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022				Recognized Location
Gains (losses) on cash flow hedges
FX Forward Contracts	$	(0.6	)	$	(2.7	)	$	4.6		$	(4.3	)		Cost of sales
Total before income taxes		(0.6	)		(2.7	)		4.6			(4.3	)
Provision for income taxes		—			—			—			—
Total, net of income taxes	$	(0.6	)	$	(2.7	)	$	4.6		$	(4.3	)
Amortization of pension and    postretirement items
Actuarial losses	$	(0.8	)	$	(0.8	)	$	(2.2	)	$	(2.3	)	(a)	Other income (expense) - net
Amortization of prior service cost		—			0.3			—			1.0		(a)	Other income (expense) - net
Total before income taxes		(0.8	)		(0.5	)		(2.2	)		(1.3	)
Provision for income taxes		—			—			—			—
Total, net of income taxes	$	(0.8	)	$	(0.5	)	$	(2.2	)	$	(1.3	)
Foreign currency translation
Losses on foreign currency translation	$	—		$	—		$	(9.3	)	$	—			Other income (expense) - net
Total before income taxes		—			—			(9.3	)		—
Provision for income taxes		—			—			—			—
Total, net of income taxes	$	—		$	—		$	(9.3	)	$	—
Total reclassifications for the period,    net of income taxes	$	(1.4	)	$	(3.2	)	$	(6.9	)	$	(5.6	)

(a)These accumulated other comprehensive loss components are components of net periodic pension cost (see Note 20, “Employee Benefit Plans,” for additional information).