v3.25.4
Accumulated other comprehensive income (loss)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Accumulated other comprehensive income (loss) Accumulated other comprehensive income (loss)
The following table presents changes in the components of AOCI:
(in millions)
Foreign currency translation
Derivative instrumentsDefined benefit plansTotal
Balance on December 31, 2022$(131.3)$19.9 $11.1 $(100.3)
Unrealized gain (loss)
38.3 21.3 (7.7)51.9 
Reclassification of gain into earnings
— (31.0)(5.9)(36.9)
Change due to income taxes10.2 2.4 3.7 16.3 
Balance on December 31, 2023(82.8)12.6 1.2 (69.0)
Unrealized (loss) gain
(83.3)18.2 (17.4)(82.5)
Reclassification of (gain) loss into earnings
(0.5)(34.5)6.9 (28.1)
Change due to income taxes(10.8)3.9 2.5 (4.4)
Balance on December 31, 2024(177.4)0.2 (6.8)(184.0)
Unrealized gain
123.2 9.3 11.0 143.5 
Reclassification of (gain) loss into earnings
— (9.5)17.3 7.8 
Change due to income taxes23.2 — (7.4)15.8 
Balance on December 31, 2025$(31.0)$— $14.1 $(16.9)
The reclassifications effects shown above were immaterial to the financial statements and were made to either cost of sales, SG&A expense, other (expense) income, net or interest expense depending upon the nature of the underlying transaction. The income tax effects in 2025 and 2024 on foreign currency translation were due to our net investment hedge and cross-currency swap discussed in note 21.