v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
6 Months Ended
Jun. 30, 2026
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 17—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of AOCI, net of income taxes, consisted of:

  ​ ​ ​

Cumulative

  ​ ​ ​

Pension & Other

  ​ ​ ​

Translation

Postretirement Benefit

Cash Flow

Three Months Ended June 30, 2026 and 2025

  ​ ​ ​

Adjustments

  ​ ​ ​

Plans, Net

  ​ ​ ​

Hedges, Net

  ​ ​ ​

Total

Balance at March 31, 2026

$

(129.2)

$

30.9

$

7.8

$

(90.5)

Other comprehensive income (loss)

 

(4.7)

0.7

 

 

(4.0)

Amounts reclassified from AOCI to net loss (1)

(1.4)

(1.4)

Balance as of June 30, 2026

$

(133.9)

$

30.2

$

7.8

$

(95.9)

Balance at March 31, 2025

$

(150.7)

$

20.3

$

7.2

$

(123.2)

Other comprehensive income (loss)

 

32.3

 

1.7

 

(1.2)

 

32.8

Amounts reclassified from AOCI to net income (loss) (1)

(1.5)

0.7

(0.8)

Balance as of June 30, 2025

$

(118.4)

$

20.5

$

6.7

$

(91.2)

  ​ ​ ​

Cumulative

  ​ ​ ​

Pension & Other

  ​ ​ ​

Translation

Postretirement Benefit

Cash Flow

Six Months Ended June 30, 2026 and 2025

Adjustments

  ​ ​ ​

Plans, Net

  ​ ​ ​

Hedges, Net

  ​ ​ ​

Total

Balance at December 31, 2025

$

(120.2)

$

32.1

$

7.8

$

(80.3)

Other comprehensive income (loss)

 

(13.7)

1.3

 

 

(12.4)

Amounts reclassified from AOCI to net loss (1)

(3.2)

(3.2)

Balance as of June 30, 2026

$

(133.9)

$

30.2

$

7.8

$

(95.9)

Balance at December 31, 2024

$

(170.2)

$

20.9

$

7.2

$

(142.1)

Other comprehensive income (loss)

 

51.8

 

1.7

 

(1.5)

 

52.0

Amounts reclassified from AOCI to net income (loss) (1)

(2.1)

1.0

(1.1)

Balance as of June 30, 2025

$

(118.4)

$

20.5

$

6.7

$

(91.2)

(1)The following is a summary of amounts reclassified from AOCI to net income (loss) for the three and six months ended June 30, 2026 and 2025:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

Statements of Operations

AOCI Components

  ​ ​

2026

  ​ ​

2025

  ​ ​

2026

  ​ ​

2025

  ​ ​

Classification

Cash flow hedging items

Commodity cash flow hedges

$

$

0.8

$

$

1.1

Cost of sales

Total before tax

0.8

1.1

Tax effect

(0.1)

(0.1)

Provision for income taxes

Total, net of tax

$

$

0.7

$

$

1.0

Amortization of pension and other postretirement benefit plan items

Prior service credit

$

(0.2)

$

(0.2)

$

(0.4)

$

(0.5)

(a)

Net actuarial gain

(1.5)

(0.7)

(3.0)

(1.4)

(a)

Net curtailment and settlement gain

(0.1)

(0.8)

(0.7)

(0.8)

(a)

Total before tax

(1.8)

(1.7)

(4.1)

(2.7)

Tax effect

0.4

0.2

0.9

0.6

Provision for income taxes

Total, net of tax

$

(1.4)

$

(1.5)

$

(3.2)

$

(2.1)

(a)These AOCI components are included in the computation of net periodic benefit costs (see Note 14).