Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax

The changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31, 2020 are as follows:

In millions	Foreign currency translation		Derivative contracts		Pension and post retirement benefit plans		Total
Balance at December 31, 2019	$	(308.6)	$	(3.3)	$	(70.7)	$	(382.6)
Other comprehensive income (loss) before reclassifications	(181.4)		6.1		(3.4)		(178.7)
Amounts reclassified from accumulated other
comprehensive income	—		—		0.7		0.7
Net current period other comprehensive income (loss)	(181.4)		6.1		(2.7)		(178.0)
Balance at March 31, 2020	$	(490.0)	$	2.8	$	(73.4)	$	(560.6)

The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended March 31, 2019 are as follows:

In millions	Foreign currency translation		Derivative contracts		Pension and post retirement benefit plans		Total
Balance at December 31, 2018	$	(202.2)	$	(0.1)	$	(54.3)	$	(256.6)
Other comprehensive income (loss) before reclassifications	(46.6)		(3.1)		(3.3)		(53.0)
Amounts reclassified from accumulated other
comprehensive income	—		—		0.6		0.6
Net current period other comprehensive income (loss)	(46.6)		(3.1)		(2.7)		(52.4)
Balance at March 31, 2019	$	(248.8)	$	(3.2)	$	(57.0)	$	(309.0)

Reclassifications Out of Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2020 are as follows:

In millions	Amount reclassified from accumulated other comprehensive income		Affected line item in the Condensed Consolidated Statements of Income
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(0.4)	Other income (expense), net
Amortization of net loss	1.4		Other income (expense), net
	1.0		Other income (expense), net
	(0.3)		Income tax expense
	$	0.7	Net income

Reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2019 are as follows:

In millions	Amount reclassified from accumulated other comprehensive income		Affected line item in the Condensed Consolidated Statements of Income
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(0.4)	Other income (expense), net
Amortization of net loss	1.1		Other income (expense), net
	0.7		Other income (expense), net
	(0.2)		Income tax expense
	$	0.5	Net income