| Accumulated Other Comprehensive Loss
A summary of the changes in Accumulated other comprehensive loss (net of tax) for the six months ended June 30, 2026 is provided below (in millions): | | | | | | | | | | | | | | | | | | | (debit) credit | Cash flow hedge gain (loss) | Unrealized gain (loss) on available-for- sale securities | Pension and post retirement benefit plan adjustment | Cumulative translation adjustment | Total | | BALANCE AT DECEMBER 31, 2025 | $ | (0.3) | | $ | 0.4 | | $ | (169.8) | | $ | (145.1) | | $ | (314.8) | | | Other comprehensive income (loss) before reclassifications | 0.1 | | (0.2) | | — | | 2.3 | | 2.2 | | | Amounts reclassified from accumulated other comprehensive income (loss) | 0.1 | | — | | 3.3 | | — | | 3.4 | | | Current period other comprehensive income (loss) | 0.2 | | (0.2) | | 3.3 | | 2.3 | | 5.6 | | | BALANCE AT JUNE 30, 2026 | $ | (0.1) | | $ | 0.2 | | $ | (166.5) | | $ | (142.8) | | $ | (309.2) | |
A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 30, 2026 and 2025 is provided below (in millions): | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Details about Accumulated Other Comprehensive Loss Components | 2026 | 2025 | | 2026 | 2025 | Location of Gain (Loss) Reclassified into Income | | Cash flow hedges gain (loss): | | | | | | | | Forward exchange contracts | $ | — | | $ | — | | | $ | — | | $ | — | | Net sales | | — | | 0.2 | | | (0.1) | | 0.7 | | Cost of goods sold | | — | | — | | | — | | — | | Other expense, net | | | — | | 0.2 | | | (0.1) | | 0.7 | | Total before tax | | | — | | (0.1) | | | — | | (0.2) | | Tax benefit (expense) | | | $ | — | | $ | 0.1 | | | $ | (0.1) | | $ | 0.5 | | Gain (loss) net of tax | | Amortization of defined benefit pension and post retirement benefit items: | | | | | | | | Prior-service costs (a) | $ | (0.1) | | $ | (0.1) | | | $ | (0.2) | | $ | (0.2) | | | | Actuarial gains (losses) (a) | (2.3) | | (2.6) | | | (4.6) | | (5.6) | | | | | | | | | | | | (2.4) | | (2.7) | | | (4.8) | | (5.8) | | Total before tax | | | 0.5 | | 0.6 | | | 1.5 | | 1.3 | | Tax benefit (expense) | | | $ | (1.9) | | $ | (2.1) | | | $ | (3.3) | | $ | (4.5) | | Gain (loss) net of tax | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (losses) reclassified into earnings | $ | (1.9) | | $ | (2.0) | | | $ | (3.4) | | $ | (4.0) | | Gain (loss) net of tax |
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12 - Pension and Other Benefits in the Notes to Condensed Consolidated Financial Statements for additional details).
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