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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss, Net of Tax

The components of accumulated other comprehensive loss, net of tax, were as follows:

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Foreign currency translation

 

$

(322.7

)

 

$

(369.7

)

Translation loss on long-term intercompany loans, net of income taxes of $19.1 on both dates

 

 

(132.9

)

 

 

(132.8

)

Gain on derivative instruments, net of income tax benefit of $(8.1) and $(5.3), respectively

 

 

14.7

 

 

 

53.4

 

Gain on interest rate swap, net of income taxes of $0.4 on both dates

 

 

1.3

 

 

 

1.4

 

Defined benefit pension plans, net of income tax benefit of $(20.3) and $(20.4), respectively

 

 

(13.0

)

 

 

(12.2

)

Retiree health care plan, net of income taxes of $1.9 on both dates

 

 

1.0

 

 

 

1.2

 

Accumulated other comprehensive loss

 

$

(451.6

)

 

$

(458.7

)