| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables show a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the three and six months ended June 30, 2025 and 2024 (in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation | | Interest Rate Swaps | | Foreign Currency Derivative Contracts | | Total | Balance as of January 1, 2025 | $ | (20.9) | | | $ | 22.5 | | | $ | (1.8) | | | $ | (0.2) | | | Other comprehensive income (loss) before reclassifications | 7.2 | | | (4.1) | | | 1.6 | | | 4.7 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | (4.2) | | | — | | | (4.2) | | Balance as of March 31, 2025 | (13.7) | | | 14.2 | | | (0.2) | | | 0.3 | | | Other comprehensive income (loss) before reclassifications | 15.5 | | | (0.8) | | | 15.3 | | | 30.0 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | (4.3) | | | (2.4) | | | (6.7) | | Balance as of June 30, 2025 | $ | 1.8 | | | $ | 9.1 | | | $ | 12.7 | | | $ | 23.6 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation | | Interest Rate Swaps | | Foreign Currency Derivative Contracts | | Total | Balance as of January 1, 2024 | $ | (10.0) | | | $ | 27.8 | | | $ | 2.8 | | | $ | 20.6 | | | Other comprehensive income (loss) before reclassifications | (4.0) | | | 14.5 | | | (2.5) | | | 8.0 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | (6.2) | | | (0.1) | | | (6.3) | | Balance as of March 31, 2024 | (14.0) | | | 36.1 | | | 0.2 | | | 22.3 | | | Other comprehensive income (loss) before reclassifications | (1.5) | | | 5.1 | | | (3.5) | | | 0.1 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | (6.3) | | | 1.4 | | | (4.9) | | Balance as of June 30, 2024 | $ | (15.5) | | | $ | 34.9 | | | $ | (1.9) | | | $ | 17.5 | | | | | | | | | | | | | | | | | | | | | | | | | |
The amounts in the summary of changes in accumulated other comprehensive income (loss) tables, above, are net of tax expense/(benefits) as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
June 30, | | Six months ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Interest rate swaps | $ | (1.5) | | | $ | (0.3) | | | $ | (4.0) | | | $ | 2.2 | | | Foreign currency derivative contracts | 2.5 | | | (0.4) | | | 2.8 | | | (0.9) | |
Amounts reclassified from accumulated other comprehensive income for interest rate swaps and foreign currency derivative contracts were reclassified to interest expense and operating expenses, respectively, in the Company’s consolidated statements of comprehensive income during the three and six months ended June 30, 2025 and 2024.
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