Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

v3.21.2
Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the activity, by component, related to the change in AOCI:
Foreign Currency Translation Adjustments Derivative Adjustments Pension and Postretirement Adjustments Total Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2020 $ 6.7  $ (1.0) $ (65.0) $ (59.3)
Other comprehensive income (loss) before reclassifications, net of tax impact of $—, $0.1, $— and $—, respectively
0.3  (0.2) (0.1) — 
Amounts reclassified from accumulated other comprehensive income (loss), net of tax —  0.5  0.5  1.0 
Net current period other comprehensive income (loss) 0.3  0.3  0.4  1.0 
Balance, June 30, 2021 $ 7.0  $ (0.7) $ (64.6) $ (58.3)
Balance, December 31, 2019 $ (0.5) $ (0.6) $ (73.6) $ (74.7)
Other comprehensive income (loss) before reclassifications, net of tax impact of $— in all components
(0.9) 0.7  0.2  — 
Amounts reclassified from accumulated other comprehensive income (loss), net of tax —  (0.3) 2.0  1.7 
Net current period other comprehensive income (loss) (0.9) 0.4  2.2  1.7 
Balance, June 30, 2020 $ (1.4) $ (0.2) $ (71.4) $ (73.0)
The amounts reclassified from Accumulated other comprehensive (loss) and the affected line item of the Condensed Consolidated Statements of Operations are presented in the table below.
Three Months Ended
June 30,
     Six Months Ended June 30, Affected Line Item
2021 2020 2021 2020
Derivative adjustments:
Foreign exchange contracts - purchases $ 0.2  $ (0.1) $ 0.4  $ (0.2) Cost of goods sold
Foreign exchange contracts - sales 0.1  (0.1) 0.2  (0.1) Net sales
Total before tax 0.3  (0.2) 0.6  (0.3)
Tax impact   —  (0.1) —  Income tax expense (benefit)
Total reclassifications of derivative adjustments, net of tax 0.3  (0.2) 0.5  (0.3)
Pension and postretirement adjustments:
Prior service cost (credit) amortization (0.2) (0.2) (0.5) (0.2) Other expense (income), net
Amortization of net actuarial loss (gain) 0.7  1.5  1.1  2.9  Other expense (income), net
Total before tax 0.5  1.3  0.6  2.7 
Tax impact (0.1) (0.4) (0.1) (0.7) Income tax expense (benefit)
Total reclassifications of pension and postretirement adjustments, net of tax 0.4  0.9  0.5  2.0 
Total reclassifications for the period, net of tax $ 0.7  $ 0.7  $ 1.0  $ 1.7