Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Receivables Sold

The following table sets forth a summary of receivables sold:

In millions	Six Months Ended June 30, 2021		Six Months Ended June 30, 2020
Gross receivables sold/cash proceeds received	$	568.8	$	293.9
Collections reinvested under revolving agreement	486.8		193.9
Net cash proceeds received	$	82.0	$	100.0

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

The changes in Accumulated other comprehensive loss by component, net of tax, for the three months ended June 30, 2021 are as follows:

In millions	Foreign currency translation		Derivative contracts		Pension and post retirement benefit plans		Total
Balance at March 31, 2021	$	(321.9)	$	(3.5)	$	(83.6)	$	(409.0)
Other comprehensive income (loss) before reclassifications	33.8		0.4		(1.8)		32.4
Amounts reclassified from Accumulated other comprehensive loss	—		—		0.8		0.8
Other comprehensive income (loss), net	33.8		0.4		(1.0)		33.2
Balance at June 30, 2021	$	(288.1)	$	(3.1)	$	(84.6)	$	(375.8)

The changes in Accumulated other comprehensive loss by component, net of tax, for the three months ended June 30, 2020 are as follows:

In millions	Foreign currency translation		Derivative contracts		Pension and post retirement benefit plans		Total
Balance at March 31, 2020	$	(490.0)	$	2.8	$	(73.4)	$	(560.6)
Other comprehensive income (loss) before reclassifications	29.2		(6.9)		(0.3)		22.0
Amounts reclassified from Accumulated other comprehensive loss	—		—		0.8		0.8
Other comprehensive income (loss), net	29.2		(6.9)		0.5		22.8
Balance at June 30, 2020	$	(460.8)	$	(4.1)	$	(72.9)	$	(537.8)

The changes in Accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2021 are as follows:

In millions	Foreign currency translation		Derivative contracts		Pension and post retirement benefit plans		Total
Balance at December 31, 2020	$	(260.2)	$	2.4	$	(81.3)	$	(339.1)
Other comprehensive loss before reclassifications	(27.9)		(5.5)		(4.8)		(38.2)
Amounts reclassified from Accumulated other comprehensive loss	—		—		1.5		1.5
Other comprehensive loss, net	(27.9)		(5.5)		(3.3)		(36.7)
Balance at June 30, 2021	$	(288.1)	$	(3.1)	$	(84.6)	$	(375.8)

The changes in Accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 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 loss before reclassifications	(152.2)		(0.8)		(3.7)		(156.7)
Amounts reclassified from Accumulated other comprehensive loss	—		—		1.5		1.5
Other comprehensive loss, net	(152.2)		(0.8)		(2.2)		(155.2)
Balance at June 30, 2020	$	(460.8)	$	(4.1)	$	(72.9)	$	(537.8)