| Accumulated Other Comprehensive Loss The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Derivatives | | Change in equity affiliate investment AOCI | | Defined benefit pension and other postretirement plans | | Foreign currency translation | | Total | | Balance, December 31, 2025 | $ | (1.5) | | | $ | 3.2 | | | $ | (8.1) | | | $ | (99.1) | | | $ | (105.5) | | | Other comprehensive income (loss) before reclassifications | (2.5) | | | (0.1) | | | — | | | (33.6) | | | (36.2) | | | Amounts reclassified out from accumulated other comprehensive income (loss) | 1.5 | | | — | | | (0.2) | | | — | | | 1.3 | | | Other comprehensive income (loss), net of tax | (1.0) | | | (0.1) | | | (0.2) | | | (33.6) | | | (34.9) | | | Balance, June 30, 2026 | $ | (2.5) | | | $ | 3.1 | | | $ | (8.3) | | | $ | (132.7) | | | $ | (140.4) | |
The following table presents the changes in the components of accumulated other comprehensive income ("AOCI") (loss), net of tax, for the six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | Derivatives | | Change in equity affiliate investment AOCI | | Defined benefit pension and other postretirement plans | | Foreign currency translation | | Total | Balance, December 31, 2024 | $ | (2.5) | | | $ | 2.5 | | | $ | (9.8) | | | $ | (248.3) | | | $ | (258.1) | | | Other comprehensive income (loss) before reclassifications | 4.7 | | | 0.2 | | | (0.9) | | | 165.3 | | | 169.3 | | | Amounts reclassified out from accumulated other comprehensive income (loss) | 0.3 | | | — | | | (0.2) | | | — | | | 0.1 | | | Other comprehensive income (loss), net of tax | 5.0 | | | 0.2 | | | (1.1) | | | 165.3 | | | 169.4 | | Balance, June 30, 2025 | $ | 2.5 | | | $ | 2.7 | | | $ | (10.9) | | | $ | (83.0) | | | $ | (88.7) | |
A summary of the reclassifications out from accumulated other comprehensive loss is presented in the following table: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in millions) | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | Detail of components | | 2026 | | 2025 | | 2026 | | 2025 | | Location on Statement of Income | | (Losses) gains on derivatives: | | | | | | | | | | | | Foreign currency contracts | | $ | (0.1) | | | $ | (0.3) | | | $ | (0.4) | | | $ | (0.1) | | | Net sales | | Foreign currency contracts | | (1.0) | | | 0.5 | | | (1.6) | | | (0.3) | | | Cost of goods and services sold | | | | | | | | | | | | | Forward treasury locks | | — | | | (0.1) | | | — | | | (0.1) | | | Interest expense | | Total before tax | | (1.1) | | | 0.1 | | | (2.0) | | | (0.5) | | | | | Tax benefit | | 0.3 | | | — | | | 0.5 | | | 0.2 | | | | | Net of tax | | $ | (0.8) | | | $ | 0.1 | | | $ | (1.5) | | | $ | (0.3) | | | | | Amortization of defined benefit pension and other postretirement plans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actuarial gains | | $ | — | | | $ | 0.2 | | | $ | 0.1 | | | $ | 0.3 | | | (a) | | | | | | | | | | | | | Other | | — | | | — | | | 0.1 | | | — | | | | | Total before tax | | — | | | 0.2 | | | 0.2 | | | 0.3 | | | | | Tax expense | | — | | | (0.1) | | | — | | | (0.1) | | | | | Net of tax | | $ | — | | | $ | 0.1 | | | $ | 0.2 | | | $ | 0.2 | | | | | Total reclassifications for the period, net of tax | | $ | (0.8) | | | $ | 0.2 | | | $ | (1.3) | | | $ | (0.1) | | | |
(a) This component is included in the computation of net periodic benefit cost.
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