| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Foreign currency translation adjustments, hedging activities and pension and post-retirement benefit adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI"), a component of Total Equity. The following tables present changes in AOCI by component for the three and six months ended June 30, 2025 and June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | June 30, 2025 | | Hedging Activities | | Pension and Post Retirement Benefit Adjustments | | Foreign Currency Translation Adjustments | | Total | | Beginning Balance | | $ | 0.2 | | | $ | (22.6) | | | $ | (295.7) | | | $ | (318.1) | | | Other Comprehensive Income (Loss) before Reclassifications | | 4.7 | | | — | | | 209.4 | | | 214.1 | | | Tax Impact | | (1.1) | | | — | | | — | | | (1.1) | | | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | | (1.5) | | | (0.2) | | | — | | | (1.7) | | | Tax Impact | | 0.3 | | | — | | | — | | | 0.3 | | | Net Current Period Other Comprehensive Income (Loss) | | 2.4 | | | (0.2) | | | 209.4 | | | 211.6 | | | | | | | | | | | | Ending Balance | | $ | 2.6 | | | $ | (22.8) | | | $ | (86.3) | | | $ | (106.5) | | | | | | | | | | | | June 30, 2024 | | Hedging Activities | | Pension and Post Retirement Benefit Adjustments | | Foreign Currency Translation Adjustments | | Total | | Beginning Balance | | $ | 28.4 | | | $ | (24.8) | | | $ | (373.3) | | | $ | (369.7) | | | Other Comprehensive Income (Loss) before Reclassifications | | (7.4) | | | (0.5) | | | (55.7) | | | (63.6) | | | Tax Impact | | 1.8 | | | 0.1 | | | — | | | 1.9 | | | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | | (8.8) | | | 0.1 | | | 121.3 | | | 112.6 | | | Tax Impact | | 2.1 | | | — | | | — | | | 2.1 | | | | | | | | | | | | Net Current Period Other Comprehensive Income (Loss) | | (12.3) | | | (0.3) | | | 65.6 | | | 53.0 | | | | | | | | | | | | Ending Balance | | $ | 16.1 | | | $ | (25.1) | | | $ | (307.7) | | | $ | (316.7) | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | June 30, 2025 | | Hedging Activities | | Pension and Post Retirement Benefit Adjustments | | Foreign Currency Translation Adjustments | | Total | | Beginning Balance | | $ | (5.5) | | | $ | (21.5) | | | $ | (415.7) | | | $ | (442.7) | | | Other Comprehensive Income (Loss) before Reclassifications | | 11.6 | | | (1.3) | | | 329.4 | | | 339.7 | | | Tax Impact | | (2.8) | | | 0.3 | | | — | | | (2.5) | | | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | | (0.9) | | | (0.4) | | | — | | | (1.3) | | | Tax Impact | | 0.2 | | | 0.1 | | | — | | | 0.3 | | | Net Current Period Other Comprehensive Income (Loss) | | 8.1 | | | (1.3) | | | 329.4 | | | 336.2 | | | | | | | | | | | | Ending Balance | | $ | 2.6 | | | $ | (22.8) | | | $ | (86.3) | | | $ | (106.5) | | | | | | | | | | | | June 30, 2024 | | Hedging Activities | | Pension and Post Retirement Benefit Adjustments | | Foreign Currency Translation Adjustments | | Total | | Beginning balance | | $ | 28.8 | | | $ | (25.0) | | | $ | (286.2) | | | $ | (282.4) | | | Other Comprehensive Income (Loss) before Reclassifications | | (0.9) | | | (0.5) | | | (142.8) | | | (144.2) | | | Tax Impact | | 0.2 | | | 0.1 | | | — | | | 0.3 | | | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | | (15.8) | | | 0.3 | | | 121.3 | | | 105.8 | | | Tax Impact | | 3.8 | | | — | | | — | | | 3.8 | | | Net Current Period Other Comprehensive Income (Loss) | | (12.7) | | | (0.1) | | | (21.5) | | | (34.3) | | | | | | | | | | | | Ending Balance | | $ | 16.1 | | | $ | (25.1) | | | $ | (307.7) | | | $ | (316.7) | |
The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 14 - Derivative Financial Instruments.
The reclassification amounts for pension and post-retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Expense, Net (see also Note 9 - Retirement Plans).
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