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Equity (Tables)
12 Months Ended
Dec. 31, 2024
Shareowners Deficit [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component

The changes in accumulated other comprehensive income (loss) by component were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in millions)

 

Unrecognized
Net Periodic
Pension and
Postretirement
Benefit (Cost)

 

 

 

Foreign
Currency
Translation Gain
(Loss)

 

 

Total

 

Balance as of December 31, 2022

 

$

27.1

 

 

 

$

(7.6

)

 

$

19.5

 

Remeasurement of benefit obligations

 

 

10.5

 

 

 

 

 

 

 

10.5

 

Reclassifications, net

 

 

(4.4

)

(a)

 

 

 

 

 

(4.4

)

Foreign currency gain

 

 

 

 

 

 

2.6

 

 

 

2.6

 

Balance as of December 31, 2023

 

$

33.2

 

 

 

$

(5.0

)

 

$

28.2

 

Remeasurement of benefit obligations

 

 

8.1

 

 

 

 

 

 

 

8.1

 

Reclassifications, net

 

 

(6.3

)

(a)

 

 

 

 

 

(6.3

)

Foreign currency loss

 

 

 

 

 

 

(6.5

)

 

 

(6.5

)

Accumulated foreign currency translation loss divested of in discontinued operations

 

 

 

 

 

 

11.5

 

(b)

 

11.5

 

Balance as of December 31, 2024

 

$

35.0

 

 

 

$

 

 

$

35.0

 

 

(a)
These reclassifications are included in the other components of net periodic pension and postretirement benefit plans expense and represent amortization of prior service benefit and actuarial gain, net of tax. The other components of net periodic pension and postretirement benefit plans expense are recorded in "Other components of pension and postretirement benefit plans expense (benefit)" on the Consolidated Statements of Operations. See Note 12 for further disclosures.
(b)
The accumulated foreign currency translation loss represents the cumulative translation adjustment included in accumulated other comprehensive income that was adjusted as a result of the sale of the Disposal Group. See Note 3 for further disclosures.