Note 17 - Accumulated Other Comprehensive Income (Loss) The following tables present details about components of accumulated other comprehensive (loss) income for the three months ended March 31, 2025 and 2024, respectively: | | | | | | | | | | | | | | | | | Foreign currency translation adjustments | Pension and other postretirement liability adjustments | | Change in fair value of derivative financial instruments | Total | | Balance at December 31, 2024 | $ | (344.6) | | $ | 38.7 | | | $ | 4.2 | | $ | (301.7) | | | | | | | | Other comprehensive income (loss) before
reclassifications and income taxes | 59.8 | | (0.1) | | | (1.8) | | 57.9 | | Amounts reclassified from accumulated other
comprehensive loss before income
taxes | — | | (2.0) | | | (1.2) | | (3.2) | | | Income tax benefit | 7.3 | | 0.5 | | | 0.9 | | 8.7 | | Net current period other comprehensive income
(loss), net of income taxes | 67.1 | | (1.6) | | | (2.1) | | 63.4 | | | Noncontrolling interest | (0.6) | | — | | | — | | (0.6) | | Net current period other comprehensive income
(loss), net of income taxes and noncontrolling
interest | 66.5 | | (1.6) | | | (2.1) | | 62.8 | | | Balance at March 31, 2025 | $ | (278.1) | | $ | 37.1 | | | $ | 2.1 | | $ | (238.9) | |
| | | | | | | | | | | | | | | | | Foreign currency translation adjustments | Pension and other postretirement liability adjustments | | Change in fair value of derivative financial instruments | Total | | Balance at December 31, 2023 | $ | (193.8) | | $ | 44.7 | | | $ | 2.2 | | $ | (146.9) | | | | | | | | Other comprehensive (loss) income before
reclassifications and income taxes | (50.7) | | — | | | 1.7 | | (49.0) | | Amounts reclassified from accumulated other
comprehensive (loss) income before income
taxes | — | | (2.0) | | | (0.2) | | (2.2) | | | Income tax benefit (expense) | — | | 0.5 | | | (0.4) | | 0.1 | | Net current period other comprehensive (loss)
income, net of income taxes | (50.7) | | (1.5) | | | 1.1 | | (51.1) | | | Noncontrolling interest | 0.4 | | — | | | — | | 0.4 | | Net current period other comprehensive (loss)
income, net of income taxes and noncontrolling
interest | (50.3) | | (1.5) | | | 1.1 | | (50.7) | | | Balance at March 31, 2024 | $ | (244.1) | | $ | 43.2 | | | $ | 3.3 | | $ | (197.6) | | | | | | | |
Foreign currency translation adjustments at March 31, 2025 and December 31, 2024 included cumulative gains of $4.1 million and $27.1 million, respectively, net of deferred taxes, related to net investment hedges. Refer to Note 19 - Derivative Instruments and Hedging Activities for additional information on the net investment hedges. Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency.
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