Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss as of December 31, 2023 and 2022 are summarized as follows:

	2023			2022
Foreign currency translation, net of income tax    benefit of $0.2 and $0.1	$	(77.4	)	$	(98.0	)
Derivative instrument fair market value, net of income    tax provision of $0.0 and $0.0		1.3			5.4
Employee pension and postretirement benefit adjustments,    net of income tax benefit of $13.6 and $12.9		(10.3	)		(15.3	)
Total accumulated other comprehensive loss	$	(86.4	)	$	(107.9	)

A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component as of December 31, 2023 and 2022 are summarized as follows:

	Gains (Losses) on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance as of December 31, 2021	$	—		$	(32.3	)	$	(70.1	)	$	(102.4	)
Other comprehensive income (loss) before    reclassifications		(0.4	)		15.5			(27.9	)		(12.8	)
Amounts reclassified from accumulated other    comprehensive loss		5.8			1.5			—			7.3
Net other comprehensive income (loss)		5.4			17.0			(27.9	)		(5.5	)
Balance as of December 31, 2022		5.4			(15.3	)		(98.0	)		(107.9	)
Other comprehensive income (loss) before    reclassifications		(1.8	)		2.4			11.3			11.9
Amounts reclassified from accumulated other    comprehensive loss		(2.3	)		2.6			9.3			9.6
Net other comprehensive income (loss)		(4.1	)		5.0			20.6			21.5
Balance as of December 31, 2023	$	1.3		$	(10.3	)	$	(77.4	)	$	(86.4	)

Reconciliation of Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Income Taxes

A reconciliation of the reclassifications out of accumulated other comprehensive loss, net of income taxes, for the years ended December 31, 2023, 2022 and 2021 are summarized as follows:

	Amount Reclassified from Accumulated Other Comprehensive Loss
	2023				2022			2021			Recognized Location
Gain (losses) on cash flow hedges
FX Forward Contracts	$	2.3		$	(5.8	)	$	(1.1	)		Cost of sales
Total before income taxes		2.3			(5.8	)		(1.1	)
Provision for income taxes		—			—			—
Total, net of income taxes	$	2.3		$	(5.8	)	$	(1.1	)
Amortization of pension and    postretirement items
Actuarial losses	$	(2.6	)	$	(2.9	)	$	(4.7	)	(a)	Other income (expense) - net
Amortization of prior service cost		(0.1	)		1.3			2.6		(a)	Other income (expense) - net
Pension settlement gain		0.1			0.1			0.9		(a)	Other income (expense) - net
Total before income taxes		(2.6	)		(1.5	)		(1.2	)
Provision for income taxes		—			—			0.1
Total, net of income taxes	$	(2.6	)	$	(1.5	)	$	(1.1	)
Foreign currency translation
Losses on foreign currency translation	$	(9.3	)	$	—		$	—
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	$	(9.6	)	$	(7.3	)	$	(2.2	)

(a)These accumulated other comprehensive loss components are components of net periodic pension cost (refer to Note 21, “Employee Benefit Plans,” for further details).