Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss by component for each of the fiscal years in the two-year period ended December 31, 2024 were as follows:

(Dollars in millions)	Foreign Currency Translation Adjustments		Pension and Other Postretirement Benefits(1)		Total
Balance as of December 31, 2022	$	(75.6)	$	(9.6)	$	(85.2)
Other comprehensive income (loss) before reclassifications	18.8		(0.4)		18.4
Amounts reclassified to earnings	—		0.4		0.4
Net other comprehensive income (loss) for period	18.8		—		18.8
Balance as of December 31, 2023	(56.8)		(9.6)		(66.4)
Other comprehensive income (loss) before reclassifications	(26.9)		0.7		(26.2)
Amounts reclassified to earnings	(3.0)		0.3		(2.7)
Net other comprehensive income (loss) for period	(29.9)		1.0		(28.9)
Balance as of December 31, 2024	$	(86.7)	$	(8.6)	$	(95.3)

(1) Net of taxes of $1.5 million, $1.8 million and $1.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.

The reclassification of impacts to the consolidated statements of operations for our pension and other postretirement benefits amortization and settlements in 2024 and 2023 were as follows:

(Dollars in millions)	Financial Statement Line Item	2024		2023
Settlement charges(1)	Other income (expense), net	$	—	$	(0.1)
Amortization of loss(1)	Other income (expense), net	(0.5)		(0.4)
Income tax (expense) benefit	Income tax (expense) benefit	0.2		0.1
Net income	Net income	$	(0.3)	$	(0.4)

(1) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (credit). For additional details, refer to “Note 8 – Postretirement Benefits.”