7. Accumulated Other Comprehensive Loss ("AOCL") | | | | | | | | | | | | | | | | Components of AOCL: | | June 30, 2026 | | December 31, 2025 | Defined benefit plan liabilities | | $ | (51.0) | | | $ | (58.7) | | | Unrealized gain on financial instruments | | 1.1 | | | 1.2 | | Other comprehensive loss before income tax effect | | (49.9) | | | (57.5) | | Income tax effect(1) | | 2.3 | | | 2.3 | | Accumulated other comprehensive loss | | $ | (47.6) | | | $ | (55.2) | |
(1)The allocation of the income tax effect to the components of other comprehensive loss is as follows: | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Defined benefit plan liabilities | | $ | 2.6 | | | $ | 2.6 | | | | | | | | Unrealized gain on financial instruments | | (0.3) | | | (0.3) | |
The following table summarizes the changes in the accumulated balances for each component of AOCL: | | | | | | | | | | | | | | | | | | | | | | | Defined benefit plan and other postretirement liabilities | | Unrealized gain on financial instruments | | Total, net of tax | | Balance, March 31, 2026 | | $ | (49.7) | | | $ | 1.2 | | | $ | (48.5) | | | Other comprehensive loss before reclassifications | | 1.5 | | | (0.1) | | | 1.4 | | | Net amount reclassified to net income (loss) | | (0.4) | | | (0.1) | | | (0.5) | | | Balance, June 30, 2026 | | $ | (48.6) | | | $ | 1.0 | | | $ | (47.6) | | | | | | | | | | Balance, March 31, 2025 | | $ | (102.9) | | | $ | 1.3 | | | $ | (101.6) | | | | | | | | | | Net amount reclassified to net income (loss) | | 1.6 | | | (0.1) | | | 1.5 | | | Balance, June 30, 2025 | | $ | (101.3) | | | $ | 1.2 | | | $ | (100.1) | | | | | | | | | | Balance, December 31, 2025 | | $ | (56.4) | | | $ | 1.2 | | | $ | (55.2) | | | Other comprehensive loss before reclassifications | | 6.3 | | | (0.1) | | | 6.2 | | | Net amount reclassified to net income (loss) | | 1.5 | | | (0.1) | | | 1.4 | | | Balance, June 30, 2026 | | $ | (48.6) | | | $ | 1.0 | | | $ | (47.6) | | | | | | | | | | Balance, December 31, 2024 | | $ | (104.6) | | | $ | 1.3 | | | $ | (103.3) | | | | | | | | | | Net amount reclassified to net income (loss) | | 3.3 | | | (0.1) | | | 3.2 | | | Balance, June 30, 2025 | | $ | (101.3) | | | $ | 1.2 | | | $ | (100.1) | |
Reclassifications out of AOCL were included in the Consolidated Statements of Operations as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
June 30, | | Six months ended
June 30, | | AOCL Components | | Location | | 2026 | | 2025 | | 2026 | | 2025 | | Defined benefit plan and other postretirement liabilities | | Cost of goods sold | | $ | 0.6 | | | $ | 1.5 | | | $ | 1.7 | | | $ | 2.3 | | | | Selling, general and administrative expenses | | — | | | 0.1 | | | 0.1 | | | 0.3 | | | | Other operating expense - net | | (1.0) | | | — | | | (0.3) | | | 0.7 | | | | Income tax effect | | — | | | — | | | — | | | — | | | | Net of tax | | $ | (0.4) | | | $ | 1.6 | | | $ | 1.5 | | | $ | 3.3 | | | | | | | | | | | | | | Unrealized gain on financial instruments | | Cost of goods sold | | $ | (0.1) | | | $ | (0.1) | | | $ | (0.1) | | | $ | (0.1) | | | | Income tax effect | | — | | | — | | | — | | | — | | | | Net of tax | | $ | (0.1) | | | $ | (0.1) | | | $ | (0.1) | | | $ | (0.1) | |
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