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Equity (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021 and 2020 are summarized as follows:

 

 

 

Gains and Losses on

Cash Flow Hedges

 

 

Pension &

Postretirement

 

 

Foreign Currency

Translation

 

 

Total

 

Balance as of March 31, 2020

 

$

 

 

$

(38.7

)

 

$

(94.7

)

 

$

(133.4

)

Other comprehensive income (loss) before

   reclassifications

 

 

(0.1

)

 

 

0.5

 

 

 

8.6

 

 

 

9.0

 

Amounts reclassified from accumulated other

   comprehensive income

 

 

0.2

 

 

 

0.1

 

 

 

 

 

 

0.3

 

Net other comprehensive income

 

 

0.1

 

 

 

0.6

 

 

 

8.6

 

 

 

9.3

 

Balance as of June 30, 2020

 

$

0.1

 

 

$

(38.1

)

 

$

(86.1

)

 

$

(124.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2021

 

$

 

 

$

(48.5

)

 

$

(59.6

)

 

$

(108.1

)

Other comprehensive loss before

   reclassifications

 

 

(0.1

)

 

 

(1.6

)

 

 

 

 

 

(1.7

)

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

(0.1

)

 

 

0.4

 

 

 

 

 

 

0.3

 

Net other comprehensive loss

 

 

(0.2

)

 

 

(1.2

)

 

 

 

 

 

(1.4

)

Balance as of June 30, 2021

 

$

(0.2

)

 

$

(49.7

)

 

$

(59.6

)

 

$

(109.5

)

 


 

A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component for the six months ended June 30, 2021 and 2020 are summarized as follows:

 

 

 

Gains and Losses on

Cash Flow Hedges

 

 

Pension &

Postretirement

 

 

Foreign Currency

Translation

 

 

Total

 

Balance as of 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 income

 

 

0.3

 

 

 

0.8

 

 

 

 

 

 

1.1

 

Net other comprehensive income (loss)

 

 

0.1

 

 

 

1.8

 

 

 

(5.0

)

 

 

(3.1

)

Balance as of June 30, 2020

 

$

0.1

 

 

$

(38.1

)

 

$

(86.1

)

 

$

(124.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2020

 

$

 

 

$

(47.9

)

 

$

(49.6

)

 

$

(97.5

)

Other comprehensive loss before

   reclassifications

 

 

(0.1

)

 

 

(2.8

)

 

 

(10.0

)

 

 

(12.9

)

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

(0.1

)

 

 

1.0

 

 

 

 

 

 

0.9

 

Net other comprehensive loss

 

 

(0.2

)

 

 

(1.8

)

 

 

(10.0

)

 

 

(12.0

)

Balance as of June 30, 2021

 

$

(0.2

)

 

$

(49.7

)

 

$

(59.6

)

 

$

(109.5

)

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, 2021 and 2020 are summarized as follows:

 

 

 

Amount Reclassified from Accumulated Other

Comprehensive Loss

 

 

 

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

Recognized

Location

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FX Forward Contracts

 

$

0.1

 

 

$

(0.2

)

 

$

0.1

 

 

$

(0.3

)

 

 

Cost of sales

Total before income taxes

 

 

0.1

 

 

 

(0.2

)

 

 

0.1

 

 

 

(0.3

)

 

 

 

Provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

0.1

 

 

$

(0.2

)

 

$

0.1

 

 

$

(0.3

)

 

 

 

Amortization of pension and

   postretirement items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial losses

 

$

(1.1

)

 

$

(1.1

)

 

$

(2.4

)

 

$

(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

)

 

 

(1.0

)

 

 

(0.8

)

 

 

 

Benefit for income taxes

 

 

 

 

 

0.3

 

 

 

 

 

 

 

 

 

 

Total, net of income taxes

 

$

(0.4

)

 

$

(0.1

)

 

$

(1.0

)

 

$

(0.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period,

   net of income taxes

 

$

(0.3

)

 

$

(0.3

)

 

$

(0.9

)

 

$

(1.1

)

 

 

 

 

 

(a)

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