XML 34 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

18. Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component, net of tax, were as follows (in millions):

 

 

Three Months Ended September 30, 2024

 

 

 

Pension and
Post-employment
Benefits

 

 

Cumulative
Translation
Adjustments

 

 

Derivative
Instruments

 

 

Accumulated Other
Comprehensive
Income (Loss)

 

Balance at beginning of period

 

$

32.1

 

 

$

(133.4

)

 

$

(0.4

)

 

$

(101.7

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

29.9

 

 

 

 

 

 

29.9

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

(0.4

)

 

 

 

 

 

(0.1

)

 

 

(0.5

)

Net other comprehensive income (loss)

 

 

(0.4

)

 

 

29.9

 

 

 

(0.1

)

 

 

29.4

 

Balance at end of period

 

$

31.7

 

 

$

(103.5

)

 

$

(0.5

)

 

$

(72.3

)

 

 

 

Three Months Ended September 30, 2023

 

 

 

Pension and
Post-employment
Benefits

 

 

Cumulative
Translation
Adjustments

 

 

Derivative
Instruments

 

 

Accumulated Other
Comprehensive
Income (Loss)

 

Balance at beginning of period

 

$

30.3

 

 

$

(116.7

)

 

$

3.2

 

 

$

(83.2

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(24.3

)

 

 

(0.9

)

 

 

(25.2

)

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

(0.4

)

 

 

1.9

 

 

 

(3.0

)

 

 

(1.5

)

Net other comprehensive income (loss)

 

 

(0.4

)

 

 

(22.4

)

 

 

(3.9

)

 

 

(26.7

)

Balance at end of period

 

$

29.9

 

 

$

(139.1

)

 

$

(0.7

)

 

$

(109.9

)

 

 

 

Nine Months Ended September 30, 2024

 

 

 

Pension and
Post-employment
Benefits

 

 

Cumulative
Translation
Adjustments

 

 

Derivative
Instruments

 

 

Accumulated Other
Comprehensive
Income (Loss)

 

Balance at beginning of period

 

$

33.0

 

 

$

(104.5

)

 

$

(0.5

)

 

$

(72.0

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

1.0

 

 

 

0.5

 

 

 

1.5

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

(1.3

)

 

 

 

 

 

(0.5

)

 

 

(1.8

)

Net other comprehensive income (loss)

 

 

(1.3

)

 

 

1.0

 

 

 

 

 

 

(0.3

)

Balance at end of period

 

$

31.7

 

 

$

(103.5

)

 

$

(0.5

)

 

$

(72.3

)

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Pension and
Post-employment
Benefits

 

 

Cumulative
Translation
Adjustments

 

 

Derivative
Instruments

 

 

Accumulated Other
Comprehensive
Income (Loss)

 

Balance at beginning of period

 

$

31.1

 

 

$

(131.6

)

 

$

8.2

 

 

$

(92.3

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(10.4

)

 

 

(0.8

)

 

 

(11.2

)

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

(1.2

)

 

 

2.9

 

 

 

(8.1

)

 

 

(6.4

)

Net other comprehensive income (loss)

 

 

(1.2

)

 

 

(7.5

)

 

 

(8.9

)

 

 

(17.6

)

Balance at end of period

 

$

29.9

 

 

$

(139.1

)

 

$

(0.7

)

 

$

(109.9

)

Reclassifications out of accumulated other comprehensive income (loss) included in the computation of net periodic pension and post-employment benefit cost (See Note 6 for additional details regarding benefit plans) are included within Miscellaneous, net within the Condensed Consolidated Statements of Income and were as follows (in millions):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Amortization of pension and post-employment benefits items

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

$

0.1

 

 

$

 

 

$

0.2

 

 

$

0.3

 

Actuarial gains

 

 

(0.6

)

 

 

(0.6

)

 

 

(1.9

)

 

 

(1.9

)

Total before tax

 

 

(0.5

)

 

 

(0.6

)

 

 

(1.7

)

 

 

(1.6

)

Tax expense

 

 

0.1

 

 

 

0.2

 

 

 

0.4

 

 

 

0.4

 

Net of tax

 

$

(0.4

)

 

$

(0.4

)

 

$

(1.3

)

 

$

(1.2

)