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Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss)

A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component for the three months ended June 30, 2020 and 2019 are summarized as follows:

 

 

 

Gains and Losses on

Cash Flow Hedges

 

 

Pension &

Postretirement

 

 

Foreign Currency

Translation

 

 

Total

 

Balance at March 31, 2019

 

$

(0.2

)

 

$

(35.7

)

 

$

(82.6

)

 

$

(118.5

)

Other comprehensive income (loss) before

   reclassifications

 

 

(0.3

)

 

 

0.1

 

 

 

1.2

 

 

 

1.0

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

0.9

 

 

 

0.4

 

 

 

 

 

 

1.3

 

Net other comprehensive income

 

 

0.6

 

 

 

0.5

 

 

 

1.2

 

 

 

2.3

 

Balance at June 30, 2019

 

$

0.4

 

 

$

(35.2

)

 

$

(81.4

)

 

$

(116.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2020

 

$

 

 

$

(38.7

)

 

$

(94.7

)

 

$

(133.4

)

Other comprehensive income before

   reclassifications

 

 

(0.1

)

 

 

0.5

 

 

 

8.6

 

 

 

9.0

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

0.2

 

 

 

0.1

 

 

 

 

 

 

0.3

 

Net other comprehensive income

 

 

0.1

 

 

 

0.6

 

 

 

8.6

 

 

 

9.3

 

Balance at June 30, 2020

 

$

0.1

 

 

$

(38.1

)

 

$

(86.1

)

 

$

(124.1

)


A reconciliation of the changes in accumulated other comprehensive loss, net of tax, by component for the six months ended June 30, 2020 and 2019 are summarized as follows:

 

 

 

Gains and Losses on

Cash Flow Hedges

 

 

Pension &

Postretirement

 

 

Foreign Currency

Translation

 

 

Total

 

Balance at December 31, 2018

 

$

(0.3

)

 

$

(36.2

)

 

$

(80.1

)

 

$

(116.6

)

Other comprehensive income (loss) before

   reclassifications

 

 

(1.0

)

 

 

0.2

 

 

 

(1.3

)

 

 

(2.1

)

Amounts reclassified from accumulated

   other comprehensive loss

 

 

1.7

 

 

 

0.8

 

 

 

 

 

 

2.5

 

Net other comprehensive income (loss)

 

 

0.7

 

 

 

1.0

 

 

 

(1.3

)

 

 

0.4

 

Balance at June 30, 2019

 

$

0.4

 

 

$

(35.2

)

 

$

(81.4

)

 

$

(116.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

 

 

 

 

(39.9

)

 

 

(81.1

)

 

 

(121.0

)

Other comprehensive income (loss) before

   reclassifications

 

 

(0.2

)

 

 

1.0

 

 

 

(5.0

)

 

 

(4.2

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

0.3

 

 

 

0.8

 

 

 

 

 

 

1.1

 

Net other comprehensive income (loss)

 

 

0.1

 

 

 

1.8

 

 

 

(5.0

)

 

 

(3.1

)

Balance at June 30, 2020

 

$

0.1

 

 

$

(38.1

)

 

$

(86.1

)

 

$

(124.1

)

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 six months ended June 30, 2020 and 2019 are summarized as follows:

 

 

 

Amount Reclassified from Accumulated Other Comprehensive Loss

 

 

 

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

Recognized

Location

Losses on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

(0.2

)

 

$

(0.9

)

 

$

(0.3

)

 

$

(1.7

)

 

 

Cost of sales

Total before income taxes

 

 

(0.2

)

 

 

(0.9

)

 

 

(0.3

)

 

 

(1.7

)

 

 

 

Income tax provision

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

(0.2

)

 

$

(0.9

)

 

$

(0.3

)

 

$

(1.7

)

 

 

 

Amortization of pension and

   postretirement items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial losses

 

$

(1.1

)

 

$

(1.1

)

 

$

(2.2

)

 

$

(2.2

)

(a)

 

Other income (expense) - net

Amortization of prior service cost

 

 

0.7

 

 

 

0.7

 

 

 

1.4

 

 

 

1.4

 

(a)

 

Other income (expense) - net

Total before income taxes

 

 

(0.4

)

 

 

(0.4

)

 

 

(0.8

)

 

 

(0.8

)

 

 

 

Income tax benefit

 

 

0.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

(0.1

)

 

$

(0.4

)

 

$

(0.8

)

 

$

(0.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period,

   net of income taxes

 

$

(0.3

)

 

$

(1.3

)

 

$

(1.1

)

 

$

(2.5

)

 

 

 

 

 

(a)

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