| Accumulated Other Comprehensive Loss The following table provides details of comprehensive loss: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | | Unrecognized Pension Items | | Cumulative Translation Adjustment(1) | | Unrecognized Losses on Derivative Instruments for net investment hedge | | Unrecognized Gains (Losses) on Derivative Instruments for cash flow hedge | | | | Accumulated Other Comprehensive Loss, Net of Taxes | | Balance at December 31, 2021 | | $ | (137.5) | | | $ | (760.5) | | | $ | (38.3) | | | $ | 2.4 | | | | | $ | (933.9) | | | Other comprehensive income (loss) before reclassifications | | 7.3 | | | (77.0) | | | 20.0 | | | 9.2 | | | | | (40.5) | | Less: amounts reclassified from accumulated other comprehensive loss | | 3.9 | | | — | | | — | | | (8.3) | | | | | (4.4) | | | Net current period other comprehensive income (loss) | | 11.2 | | | (77.0) | | | 20.0 | | | 0.9 | | | | | (44.9) | | | | | | | | | | | | | | | | Balance at December 31, 2022 | | $ | (126.3) | | | $ | (837.5) | | | $ | (18.3) | | | $ | 3.3 | | | | | $ | (978.8) | | | Other comprehensive (loss) income before reclassifications | | (23.8) | | | 66.9 | | | (19.8) | | | (0.7) | | | | | 22.6 | | Less: amounts reclassified from accumulated other comprehensive loss | | 3.7 | | | — | | | — | | | (3.0) | | | | | 0.7 | | | Net current period other comprehensive (loss) income | | (20.1) | | | 66.9 | | | (19.8) | | | (3.7) | | | | | 23.3 | | | Balance at December 31, 2023 | | $ | (146.4) | | | $ | (770.6) | | | $ | (38.1) | | | $ | (0.4) | | | | | $ | (955.5) | | (1)Includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustments were $12.9 million, $15.8 million and $30.2 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following table provides detail of amounts reclassified from AOCL: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | | 2023 | | 2022 | | 2021 | | Location of Amount Reclassified from AOCL | | Defined benefit pension plans and other post-employment benefit plans: | | | | | | | | | | Settlements | | $ | (0.2) | | | $ | — | | | $ | (0.9) | | | | | Amortization of net prior service credit | | 0.1 | | | — | | | — | | | | | Amortization of net actuarial loss | | (4.7) | | | (5.2) | | | (7.4) | | | | | Total pre-tax amount | | (4.8) | | | (5.2) | | | (8.3) | | | Other expense, net | | Tax benefit | | 1.1 | | | 1.3 | | | 2.0 | | | | | Net of tax | | (3.7) | | | (3.9) | | | (6.3) | | | | | | | | | | | | | | | | | | | | | | Net gains (losses) on cash flow hedging derivatives:(1) | | | | | | | | | | Foreign currency forward contracts | | 4.2 | | | 10.9 | | | (1.9) | | | Cost of sales | | | | | | | | | | | Treasury locks | | 0.1 | | | 0.1 | | | 0.1 | | | Interest expense, net | | Total pre-tax amount | | 4.3 | | | 11.0 | | | (1.8) | | | | | Tax (expense) benefit | | (1.3) | | | (2.7) | | | 0.6 | | | | | Net of tax | | 3.0 | | | 8.3 | | | (1.2) | | | | | Total reclassifications for the period | | $ | (0.7) | | | $ | 4.4 | | | $ | (7.5) | | | | (1)These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 15, “Derivatives and Hedging Activities,” for additional details.
|