v3.25.2
Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table provides details of comprehensive income (loss) for the six months ended June 30, 2025 and 2024: 
(In millions)Unrecognized
Pension Items
Cumulative
Translation
Adjustment(1)
Unrecognized 
Losses on Derivative
Instruments for 
net investment
hedge
Unrecognized
Gains (Losses)
on Derivative
Instruments
for cash flow hedge
Accumulated Other
Comprehensive
Loss, Net of 
Taxes
Balance at December 31, 2024$(141.8)$(917.1)$(20.7)$3.7 $(1,075.9)
Other comprehensive income (loss) before reclassifications— 190.7 (45.7)(3.9)141.1 
Less: amounts reclassified from accumulated other comprehensive loss1.7 — — (0.3)1.4 
Net current period other comprehensive income (loss)1.7 190.7 (45.7)(4.2)142.5 
Balance at June 30, 2025$(140.1)$(726.4)$(66.4)$(0.5)$(933.4)
Balance at December 31, 2023$(146.4)$(770.6)$(38.1)$(0.4)$(955.5)
Other comprehensive (loss) income before reclassifications(0.1)(70.4)12.0 2.3 (56.2)
Less: amounts reclassified from accumulated other comprehensive loss2.0 — — (0.7)1.3 
Net current period other comprehensive income (loss)1.9 (70.4)12.0 1.6 (54.9)
Balance at June 30, 2024$(144.5)$(841.0)$(26.1)$1.2 $(1,010.4)
(1)Includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $43.8 million and $11.8 million for the six months ended June 30, 2025 and 2024, respectively.
The following table provides detail of amounts reclassified from AOCL:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2025202420252024Location of Amount
Reclassified from AOCL
Defined benefit pension plans and other post-employment benefits:
     
Net settlement income$— $— $0.1 $— 
Prior service cost0.1 0.2 0.1 0.2 
Actuarial losses, net(1.2)(1.4)(2.4)(2.8)
Total pre-tax amount(1.1)(1.2)(2.2)(2.6)Other expense, net
Tax benefit0.2 0.3 0.5 0.6 
Net of tax(0.9)(0.9)(1.7)(2.0)
Net (losses) gains on cash flow hedging derivatives:(1)
Foreign currency forward contracts(3.3)1.0 0.3 0.8 Cost of sales
Treasury locks0.1 0.1 0.1 0.1 
Interest expense, net
Total pre-tax amount(3.2)1.1 0.4 0.9 
Tax benefit (expense)1.0 (0.3)(0.1)(0.2)
Net of tax(2.2)0.8 0.3 0.7  
Total reclassifications for the period$(3.1)$(0.1)$(1.4)$(1.3) 
(1)These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 14, “Derivatives and Hedging Activities,” for additional details.