Accumulated Other Comprehensive Loss A summary of the changes in Accumulated other comprehensive loss (net of tax) for the six months ended June 30, 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 | (1.0) | | 0.5 | | — | | 48.3 | | 47.8 | | Amounts reclassified from accumulated other comprehensive income (loss) | (0.5) | | — | | 4.5 | | — | | 4.0 | | Current period other comprehensive income (loss) | (1.5) | | 0.5 | | 4.5 | | 48.3 | | 51.8 | | BALANCE AT JUNE 30, 2025 | $ | (0.5) | | $ | 0.2 | | $ | (188.9) | | $ | (145.5) | | $ | (334.7) | |
A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 30, 2025 and 2024 is provided below (in millions): | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Details about Accumulated Other Comprehensive Loss Components | 2025 | 2024 | | 2025 | 2024 | Location of Gain (Loss) Reclassified into Income | Cash flow hedges gain (loss): | | | | | | | Forward exchange contracts | $ | — | | $ | — | | | $ | — | | $ | — | | Net sales | | 0.2 | | 0.1 | | | 0.7 | | 0.2 | | Cost of goods sold | | — | | — | | | — | | — | | Other expense, net | | 0.2 | | 0.1 | | | 0.7 | | 0.2 | | Total before tax | | (0.1) | | (0.1) | | | (0.2) | | (0.1) | | Tax benefit (expense) | | $ | 0.1 | | $ | — | | | $ | 0.5 | | $ | 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) | | | $ | (0.2) | | $ | (0.2) | | | Actuarial gains (losses) (a) | (2.6) | | (2.2) | | | (5.6) | | (5.2) | | | | | | | | | | | (2.7) | | (2.3) | | | (5.8) | | (5.4) | | Total before tax | | 0.6 | | 0.6 | | | 1.3 | | 1.2 | | Tax benefit (expense) | | $ | (2.1) | | $ | (1.7) | | | $ | (4.5) | | $ | (4.2) | | Gain (loss) net of tax | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (losses) reclassified into earnings | $ | (2.0) | | $ | (1.7) | | | $ | (4.0) | | $ | (4.1) | | 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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