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