| Accumulated Other Comprehensive (Loss)/Income The following table presents the changes in accumulated other comprehensive (loss)/income (AOCI), net of tax by component: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Pension Activity | | Zinc Contracts | | Foreign Currency Contracts | | Interest Rate Contracts | | Total | Balance at September 30, 2022 | $ | (77.7) | | | $ | (140.5) | | | $ | (4.6) | | | $ | 11.7 | | | $ | 65.8 | | | $ | (145.3) | | | OCI before reclassifications | (17.2) | | | 2.1 | | | 2.1 | | | (6.9) | | | (5.1) | | | (25.0) | | | | | | | | | | | | | | | Reclassifications to earnings | — | | | 1.0 | | | (0.2) | | | (5.6) | | | (8.5) | | | (13.3) | | | | | | | | | | | | | | | Balance at March 31, 2023 | $ | (94.9) | | | $ | (137.4) | | | $ | (2.7) | | | $ | (0.8) | | | $ | 52.2 | | | $ | (183.6) | |
The following table presents the reclassifications out of AOCI to earnings:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Quarters Ended March 31, | | For the Six Months Ended March 31, | | | 2023 | | 2022 | | 2023 | | 2022 | | | Details of AOCI Components | Amount Reclassified
from AOCI (1) | | Amount Reclassified
from AOCI (1) | Affected Line Item in the Combined Statements of Earnings | | Gains and losses on cash flow hedges | | | | | | | | Foreign currency contracts | $ | (1.1) | | | $ | (1.8) | | | $ | (7.6) | | | $ | (2.8) | | Cost of products sold | | Interest rate contracts | (6.3) | | | 1.7 | | | (11.2) | | | 3.5 | | Interest expense | | Zinc contracts | 0.8 | | | (1.9) | | | (0.3) | | | (4.5) | | Cost of products sold | | (6.6) | | | (2.0) | | | (19.1) | | | (3.8) | | Earnings before income taxes | | 1.6 | | | 0.5 | | | 4.8 | | | 0.9 | | Income tax expense | | $ | (5.0) | | | $ | (1.5) | | | $ | (14.3) | | | $ | (2.9) | | Net earnings | | Amortization of defined benefit pension items | | | | | | | | | | | | | | | | Actuarial loss | 0.6 | | | 1.9 | | | 1.3 | | | 3.6 | | (2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (0.2) | | | (0.5) | | | (0.3) | | | (0.9) | | Income tax benefit | | $ | 0.4 | | | $ | 1.4 | | | $ | 1.0 | | | $ | 2.7 | | Net loss | | | | | | | | | | | | | | | | | | Total reclassifications to earnings | $ | (4.6) | | | $ | (0.1) | | | $ | (13.3) | | | $ | (0.2) | | Net earnings |
(1) Amounts in parentheses indicate credits to Consolidated (Condensed) Statement of Earnings and Comprehensive Income. (2) This AOCI component is included in the computation of net periodic pension benefit/(cost) (see Note 9, Pension Plans, for further details).
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