Accumulated Other Comprehensive Loss A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three months ended March 31, 2025 is provided below (in millions): | | | | | | | | | | | | | | | | | | (debit) credit | Cash flow hedge gain (loss) | Unrealized gain (loss) on available-for- sale securities | Pension and post retirement benefit plan adjustment | Cumulative translation adjustment | Total | BALANCE AT DECEMBER 31, 2024 | $ | 1.0 | | $ | (0.3) | | $ | (193.4) | | $ | (193.8) | | $ | (386.5) | | Other comprehensive income (loss) before reclassifications | — | | 0.2 | | — | | 17.3 | | 17.5 | | Amounts reclassified from accumulated other comprehensive income (loss) | (0.4) | | — | | 2.4 | | — | | 2.0 | | Current period other comprehensive income (loss) | (0.4) | | 0.2 | | 2.4 | | 17.3 | | 19.5 | | BALANCE AT MARCH 31, 2025 | $ | 0.6 | | $ | (0.1) | | $ | (191.0) | | $ | (176.5) | | $ | (367.0) | |
A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three months ended March 31, 2025 and 2024 is provided below (in millions): | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | Details about Accumulated Other Comprehensive Loss Components | 2025 | 2024 | | | | Location of Gain (Loss) Reclassified into Income | Cash flow hedges gain (loss): | | | | | | | Forward exchange contracts | $ | — | | $ | — | | | | | Net sales | | 0.5 | | 0.1 | | | | | Cost of goods sold | | — | | — | | | | | Other expense, net | | 0.5 | | 0.1 | | | | | Total before tax | | (0.1) | | — | | | | | Tax benefit (expense) | | $ | 0.4 | | $ | 0.1 | | | | | Gain (loss) net of tax | Amortization of defined benefit pension and post retirement benefit items: | | | | | | | Prior-service costs (a) | $ | (0.1) | | $ | (0.1) | | | | | | Actuarial gains (losses) (a) | (3.0) | | (3.0) | | | | | | | | | | | | | | (3.1) | | (3.1) | | | | | Total before tax | | 0.7 | | 0.6 | | | | | Tax benefit (expense) | | $ | (2.4) | | $ | (2.5) | | | | | Gain (loss) net of tax | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (losses) reclassified into earnings | $ | (2.0) | | $ | (2.4) | | | | | Gain (loss) net of tax |
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).
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