v3.26.1
Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Loss 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)DerivativesChange in equity affiliate investment AOCIDefined benefit pension and other postretirement plansForeign currency translationTotal
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)DerivativesChange in equity affiliate investment AOCIDefined benefit pension and other postretirement plansForeign currency translationTotal
Balance, December 31, 2024
$(2.5)$2.5 $(9.8)$(248.3)$(258.1)
Other comprehensive income (loss) before reclassifications4.7 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 tax5.0 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 components2026202520262025Location 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 benefit0.3 — 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.