|
Note 13 — Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss, net of tax for the three and six months ended June 30, 2025 and 2024, were as follows (in millions):
| | | Three months ended June 30, | |
| | | 2025 | | | 2024 | |
| | | | | | | Retirement | | | | | | | | | | | Retirement | | | | | |
| | | Foreign | | | benefit | | | | | | | Foreign | | | benefit | | | | | |
| | | currency | | | asset, net | | | Total | | | currency | | | asset, net | | | Total | |
| Beginning balance | | $ | (336.0 | ) | | $ | (96.7 | ) | | $ | (432.7 | ) | | $ | (523.4 | ) | | $ | (84.3 | ) | | $ | (607.7 | ) |
| Other comprehensive income | | | 135.1 | | | | — | | | | 135.1 | | | | 3.5 | | | | — | | | | 3.5 | |
| Reclassifications to net income(1) | | | (0.4 | ) | | | 0.7 | | | | 0.3 | | | | 5.5 | | | | 0.4 | | | | 5.9 | |
| Total other comprehensive income | | | 134.7 | | | | 0.7 | | | | 135.4 | | | | 9.0 | | | | 0.4 | | | | 9.4 | |
| Less: other comprehensive income attributable to noncontrolling interests | | | (24.2 | ) | | | — | | | | (24.2 | ) | | | (0.4 | ) | | | — | | | | (0.4 | ) |
| Ending balance | | $ | (225.5 | ) | | $ | (96.0 | ) | | $ | (321.5 | ) | | $ | (514.8 | ) | | $ | (83.9 | ) | | $ | (598.7 | ) |
| | | Six months ended June 30, | |
| | | 2025 | | | 2024 | |
| | | | | | | Retirement | | | | | | | | | | | Retirement | | | | | |
| | | Foreign | | | benefit | | | | | | | Foreign | | | benefit | | | | | |
| | | currency | | | asset, net | | | Total | | | currency | | | asset, net | | | Total | |
| Beginning balance | | $ | (387.9 | ) | | $ | (97.3 | ) | | $ | (485.2 | ) | | $ | (478.9 | ) | | $ | (84.7 | ) | | $ | (563.6 | ) |
| Other comprehensive income (loss) | | | 196.0 | | | | — | | | | 196.0 | | | | (20.1 | ) | | | — | | | | (20.1 | ) |
| Reclassifications to net income(1) | | | — | | | | 1.3 | | | | 1.3 | | | | (16.5 | ) | | | 0.8 | | | | (15.7 | ) |
| Total other comprehensive income (loss) | | | 196.0 | | | | 1.3 | | | | 197.3 | | | | (36.6 | ) | | | 0.8 | | | | (35.8 | ) |
| Less: other comprehensive loss (income) attributable to noncontrolling interests | | | (33.6 | ) | | | — | | | | (33.6 | ) | | | 0.7 | | | | — | | | | 0.7 | |
| Ending balance | | $ | (225.5 | ) | | $ | (96.0 | ) | | $ | (321.5 | ) | | $ | (514.8 | ) | | $ | (83.9 | ) | | $ | (598.7 | ) |
(1) Reclassifications to net income are primarily related to the release of accumulated foreign currency translation reserves during the period in which a JHG entity liquidated.
The components of other comprehensive income (loss), net of tax for the three and six months ended June 30, 2025 and 2024, were as follows (in millions):
| | | Three months ended June 30, | |
| | | 2025 | | | 2024 | |
| | | Pre-tax | | | Tax | | | Net | | | Pre-tax | | | Tax | | | Net | |
| | | amount | | | impact | | | amount | | | amount | | | impact | | | amount | |
| Foreign currency translation adjustments | | $ | 135.9 | | | $ | (0.8 | ) | | $ | 135.1 | | | $ | 3.6 | | | $ | (0.1 | ) | | $ | 3.5 | |
| Reclassifications to net income(1) | | | 0.3 | | | | — | | | | 0.3 | | | | 5.9 | | | | — | | | | 5.9 | |
| Total other comprehensive income (loss) | | $ | 136.2 | | | $ | (0.8 | ) | | $ | 135.4 | | | $ | 9.5 | | | $ | (0.1 | ) | | $ | 9.4 | |
| | | Six months ended June 30, | |
| | | 2025 | | | 2024 | |
| | | Pre-tax | | | Tax | | | Net | | | Pre-tax | | | Tax | | | Net | |
| | | amount | | | impact | | | amount | | | amount | | | impact | | | amount | |
| Foreign currency translation adjustments | | $ | 194.7 | | | $ | 1.3 | | | $ | 196.0 | | | $ | (22.8 | ) | | $ | 2.7 | | | $ | (20.1 | ) |
| Reclassifications to net income(1) | | | 1.3 | | | | — | | | | 1.3 | | | | (15.7 | ) | | | — | | | | (15.7 | ) |
| Total other comprehensive income (loss) | | $ | 196.0 | | | $ | 1.3 | | | $ | 197.3 | | | $ | (38.5 | ) | | $ | 2.7 | | | $ | (35.8 | ) |
(1) Reclassifications to net income are primarily related to the release of accumulated foreign currency translation reserves during the period in which a JHG entity liquidated.
|