15. Accumulated Other Comprehensive Income (Loss) AOCI is defined as net income (loss) and other changes in stockholders’ equity from transactions and other events from sources other than stockholders. The components of, and changes in, AOCI were as follows:
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(in millions) |
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Derivative Financial Instruments |
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Foreign Currency Adjustments |
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Unrecognized Pension and Other Post-retirement Benefit Costs |
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Accumulated Other Comprehensive Income (Loss) |
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Balance at December 31, 2025 |
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$ |
(0.7 |
) |
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$ |
(359.4 |
) |
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$ |
(162.5 |
) |
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$ |
(522.6 |
) |
Other comprehensive income (loss) before reclassifications, net of tax |
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1.2 |
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(2.2 |
) |
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1.5 |
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0.5 |
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Amounts reclassified from accumulated other comprehensive income (loss), net of tax |
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0.8 |
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— |
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2.7 |
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3.5 |
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Balance at June 30, 2026 |
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$ |
1.3 |
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$ |
(361.6 |
) |
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$ |
(158.3 |
) |
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$ |
(518.6 |
) |
The reclassifications out of AOCI for the three and six months ended June 30, 2026 and 2025 were as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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(in millions) |
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2026 |
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2025 |
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2026 |
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2025 |
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Details about Accumulated Other Comprehensive Income (Loss) Components |
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Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |
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Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |
Location on Income Statement |
Gain (loss) on cash flow hedges: |
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Foreign exchange contracts |
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$ |
(0.4 |
) |
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$ |
(0.6 |
) |
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$ |
(1.2 |
) |
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$ |
1.4 |
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Cost of products sold |
Tax benefit (expense) |
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0.2 |
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0.1 |
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0.4 |
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(0.4 |
) |
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Income tax expense (benefit) |
Net of tax |
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$ |
(0.2 |
) |
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$ |
(0.5 |
) |
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$ |
(0.8 |
) |
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$ |
1.0 |
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Defined benefit plan items: |
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Amortization of net actuarial loss(1) |
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$ |
(1.7 |
) |
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$ |
(1.6 |
) |
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$ |
(3.5 |
) |
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$ |
(3.2 |
) |
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Amortization of prior service cost(1) |
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— |
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— |
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(0.1 |
) |
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— |
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Total before tax |
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(1.7 |
) |
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(1.6 |
) |
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(3.6 |
) |
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(3.2 |
) |
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Tax benefit |
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0.8 |
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0.5 |
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0.9 |
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0.6 |
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Income tax expense (benefit) |
Net of tax |
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$ |
(0.9 |
) |
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$ |
(1.1 |
) |
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$ |
(2.7 |
) |
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$ |
(2.6 |
) |
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Total reclassifications for the period, net of tax |
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$ |
(1.1 |
) |
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$ |
(1.6 |
) |
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$ |
(3.5 |
) |
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$ |
(1.6 |
) |
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(1)These AOCI components are included in the computation of net periodic benefit (income) cost for pension and post-retirement plans.
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