The components of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2025, 2024 and 2023 were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | | Valuation and amortization of derivative securities | | Total | | Balance, as of December 31, 2022 | | $ | 1.7 | | | $ | (12.3) | | | $ | (10.6) | | | Foreign currency translation adjustment before tax | | 1.4 | | | — | | | 1.4 | | Amortization related to derivatives securities before tax | | — | | | 3.4 | | | 3.4 | | | Tax impact | | — | | | (0.9) | | | (0.9) | | Other comprehensive income | | 1.4 | | | 2.5 | | | 3.9 | | | Balance, as of December 31, 2023 | | $ | 3.1 | | | $ | (9.8) | | | $ | (6.7) | | | Foreign currency translation adjustment before tax | | (0.5) | | | — | | | (0.5) | | Amortization related to derivatives securities before tax | | — | | | 3.6 | | | 3.6 | | | Tax impact | | 0.1 | | | (0.9) | | | (0.8) | | Other comprehensive income (loss) | | (0.4) | | | 2.7 | | | 2.3 | | | Balance, as of December 31, 2024 | | $ | 2.7 | | | (7.1) | | | $ | (4.4) | | | Foreign currency translation adjustment before tax | | 0.9 | | | — | | | 0.9 | | Amortization related to derivatives securities before tax (1) | | — | | | 6.3 | | | 6.3 | | | Tax impact | | (0.2) | | | 0.8 | | | 0.6 | | Other comprehensive income | | 0.7 | | | 7.1 | | | 7.8 | | Balance, as of December 31, 2025 | | $ | 3.4 | | | $ | — | | | $ | 3.4 | |
(1)On December 1, 2025, the Company completed the full redemption of the $275 million aggregate principal amount outstanding of its 4.80% Senior Notes due July 27, 2026. As a result of this transaction, the Company recorded $2.7 million of amortization expense included in the Amortization related to derivative securities before tax.
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