ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Foreign currency translation adjustments, hedging activities and pension and post-retirement benefit adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI"), a component of Total Equity.

The following tables present changes in AOCI by component for the three and six months ended June 30, 2024 and June 30, 2023:

	Three Months Ended
June 30, 2024	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	28.4	$	(24.8)	$	(373.3)	$	(369.7)
Other Comprehensive (Loss) Income before Reclassifications	(7.4)		(0.5)		(55.7)		(63.6)
Tax Impact	1.8		0.1		—		1.9
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(8.8)		0.1		121.3		112.6
Tax Impact	2.1		—		—		2.1
Net Current Period Other Comprehensive (Loss) Income	(12.3)		(0.3)		65.6		53.0
Ending Balance	$	16.1	$	(25.1)	$	(307.7)	$	(316.7)
June 30, 2023	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	35.4	$	(13.7)	$	(321.9)	$	(300.2)
Other Comprehensive Income (Loss) before Reclassifications	4.9		—		(29.3)		(24.4)
Tax Impact	(1.2)		—		—		(1.2)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(0.7)		(0.6)		—		(1.3)
Tax Impact	0.2		0.2		—		0.4
Net Current Period Other Comprehensive Income (Loss)	3.2		(0.4)		(29.3)		(26.5)
Ending Balance	$	38.6	$	(14.1)	$	(351.2)	$	(326.7)

	Six Months Ended
June 30, 2024	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	28.8	$	(25.0)	$	(286.2)	$	(282.4)
Other Comprehensive Loss before Reclassifications	(0.9)		(0.5)		(142.8)		(144.2)
Tax Impact	0.2		0.1		—		0.3
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(15.8)		0.3		121.3		105.8
Tax Impact	3.8		—		—		3.8
Net Current Period Other Comprehensive Loss	(12.7)		(0.1)		(21.5)		(34.3)
Ending Balance	$	16.1	$	(25.1)	$	(307.7)	$	(316.7)
June 30, 2023	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning balance	$	17.3	$	(13.3)	$	(356.1)	$	(352.1)
Other Comprehensive Income before Reclassifications	27.0		—		4.9		31.9
Tax Impact	(6.5)		—		—		(6.5)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	1.0		(1.1)		—		(0.1)
Tax Impact	(0.2)		0.3				0.1
Net Current Period Other Comprehensive Income (Loss)	21.3		(0.8)		4.9		25.4
Ending Balance	$	38.6	$	(14.1)	$	(351.2)	$	(326.7)

The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 13 - Derivative Financial Instruments.

The reclassification amounts for pension and post-retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Expense (Income), Net (see also Note 8 - Retirement Plans).