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Equity (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and 2024 are summarized as follows:

 

 

Cash Flow Hedges

 

 

Pension &
Postretirement

 

 

Foreign Currency
Translation

 

 

Total

 

Balance as of December 31, 2023

 

$

1.3

 

 

$

(10.3

)

 

$

(77.4

)

 

$

(86.4

)

Other comprehensive loss before
   reclassifications

 

 

(2.5

)

 

 

 

 

 

(11.0

)

 

 

(13.5

)

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

 

0.9

 

 

 

0.1

 

 

 

 

 

 

1.0

 

Net other comprehensive income (loss)

 

 

(1.6

)

 

 

0.1

 

 

 

(11.0

)

 

 

(12.5

)

Balance as of March 31, 2024

 

$

(0.3

)

 

$

(10.2

)

 

$

(88.4

)

 

$

(98.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2024

 

$

(1.7

)

 

$

(7.7

)

 

$

(98.2

)

 

$

(107.6

)

Other comprehensive income (loss) before
   reclassifications

 

 

2.0

 

 

 

(0.4

)

 

 

15.8

 

 

 

17.4

 

Amounts reclassified from accumulated other
   comprehensive income (loss)

 

 

0.5

 

 

 

 

 

 

 

 

 

0.5

 

Net other comprehensive income (loss)

 

 

2.5

 

 

 

(0.4

)

 

 

15.8

 

 

 

17.9

 

Balance as of March 31, 2025

 

$

0.8

 

 

$

(8.1

)

 

$

(82.4

)

 

$

(89.7

)

 

A reconciliation of the reclassifications out of accumulated other comprehensive loss, net of income taxes
Reconciliation of Reclassifications Out of Accumulated Other Comprehensive loss, Net of Income Taxes

A reconciliation of the reclassifications out of accumulated other comprehensive loss, net of income taxes for the three months ended March 31, 2025 and 2024 are summarized as follows:

 

 

Amount Reclassified from Accumulated Other Comprehensive Loss

 

 

 

 

 

Three Months Ended March 31,
2025

 

 

Three Months Ended March 31,
2024

 

 

Recognized
Location

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

(0.6

)

 

$

(0.9

)

 

Cost of sales

Total before income taxes

 

 

(0.6

)

 

 

(0.9

)

 

 

Benefit for income taxes

 

 

0.1

 

 

 

 

 

 

Total, net of income taxes

 

$

(0.5

)

 

$

(0.9

)

 

 

Amortization of pension and
   postretirement items

 

 

 

 

 

 

 

 

Actuarial losses

 

$

 

 

$

(0.1

)

(a)

Other income (expense) - net

Amortization of prior service cost

 

 

 

 

 

 

(a)

Other income (expense) - net

Total before income taxes

 

 

 

 

 

(0.1

)

 

 

Provision for income taxes

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

 

 

$

(0.1

)

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period,
   net of income taxes

 

$

(0.5

)

 

$

(1.0

)

 

 

(a) These accumulated other comprehensive income (loss) components are components of net periodic pension cost (refer to Note 20, “Employee Benefit Plans,” for further details)