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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Loss, Net of Related Tax

Accumulated other comprehensive income (loss) at December 31 comprised of the following components:

 
December 31,
 
(millions of dollars)
 
2020
   
2019
 
Cumulative foreign currency translation
 
$
(190.8
)
 
$
(200.2
)
Unrecognized pension costs (net of tax benefit of $64.6 in 2020 and $30.5 in 2019)
   
(114.9
)
   
(96.1
)
Unrealized gain (loss) on cash flow hedges (net of tax (benefit) expense of $(3.1) in 2020 and $0.3 in 2019)
   
(2.6
)
   
5.9
 
   
$
(308.3
)
 
$
(290.4
)
Changes in Other Comprehensive Income (Loss) by Component

The following table summarizes the changes in other comprehensive income (loss) by component:

 
Year Ended December 31,
 
   
2020
   
2019
   
2018
 
(millions of dollars)
 
Pre-Tax
Amount
   
Tax
(Expense)
Benefit
   
Net-of-
Tax
Amount
   
Pre-Tax
Amount
   
Tax
(Expense)
Benefit
   
Net-of-
Tax
Amount
   
Pre-Tax
Amount
   
Tax
(Expense)
Benefit
   
Net-of-
Tax
Amount
 
Foreign currency translation adjustment
 
$
10.9
   
$
   
$
10.9
   
$
(29.9
)
 
$
   
$
(29.9
)
 
$
(67.9
)
 
$
   
$
(67.9
)
                                                                         
Pension plans:
                                                                       
Net actuarial gains (losses) and prior service costs arising during the period
   
(37.9
)
   
9.2
     
(28.7
)
   
(30.6
)
   
7.4
     
(23.2
)
   
9.6
     
(1.8
)
   
7.8
 
Amortization of net actuarial (gains) losses and prior service costs
   
13.4
     
(3.4
)
   
10.0
     
9.4
     
(2.3
)
   
7.1
     
12.1
     
(3.0
)
   
9.1
 
                                                                         
Unrealized gains (losses) on cash flow hedges
   
(11.6
)
   
3.1
     
(8.5
)
   
0.3
     
(0.1
)
   
0.2
     
1.5
     
0.1
     
1.6
 
                                                                         
Total other comprehensive income (loss)
 
$
(25.2
)
 
$
8.9
   
$
(16.3
)
 
$
(50.8
)
 
$
5.0
   
$
(45.8
)
 
$
(44.7
)
 
$
(4.7
)
 
$
(49.4
)