Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.20.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the activity, by component, related to the change in AOCI for December 31, 2019 and 2018:
 
Foreign Currency Translation Adjustments
 
Derivative Adjustments
 
Pension and Postretirement Adjustments
 
Total Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2017
$
7.7

 
$
(1.0
)
 
$
(59.2
)
 
$
(52.5
)
Cumulative effect of adoption of ASU 2018-02 as of January 1

 
0.1

 
(12.7
)
 
(12.6
)
Other comprehensive (loss) income before reclassifications, net of tax impact of $ — , ($0.5), $1.0 and $0.5
(6.0
)
 
1.4

 
1.2

 
(3.4
)
Amounts reclassified from accumulated other comprehensive income

 
0.3

 
6.6

 
6.9

Net current period other comprehensive (loss) income
(6.0
)
 
1.7

 
7.8

 
3.5

Balance, December 31, 2018
$
1.7

 
$
0.8

 
$
(64.1
)
 
$
(61.6
)
Other comprehensive (loss) before reclassifications, net of tax impact of $ —, $0.1, $ — and $0.1
(2.2
)
 
(0.7
)
 
(16.5
)
 
(19.4
)
Amounts reclassified from accumulated other comprehensive (loss) income

 
(0.7
)
 
7.0

 
6.3

Net current period other comprehensive (loss)
(2.2
)
 
(1.4
)
 
(9.5
)
 
(13.1
)
Balance, December 31, 2019
$
(0.5
)
 
$
(0.6
)
 
$
(73.6
)
 
$
(74.7
)


The amounts and related tax effects allocated to each component of AOCI in 2019, 2018 and 2017 are presented in the table below.
 
Pre-tax Amount
 
Tax Impact
 
After-tax Amount
2019
 
 
 
 
 
Foreign currency translation adjustments
$
(2.2
)
 
$

 
$
(2.2
)
Derivative adjustments
(1.5
)
 
0.1

 
(1.4
)
Pension and postretirement adjustments
(9.5
)
 

 
(9.5
)
Total other comprehensive (loss)
$
(13.2
)
 
$
0.1

 
$
(13.1
)
 
 
 
 
 
 
2018
 
 
 
 
 
Foreign currency translation adjustments
$
(6.0
)
 
$

 
$
(6.0
)
Derivative adjustments
2.3

 
(0.6
)
 
1.7

Pension and postretirement adjustments
8.5

 
(0.7
)
 
7.8

Total other comprehensive income
$
4.8

 
$
(1.3
)
 
$
3.5

 
 
 
 
 
 
2017
 
 
 
 
 
Foreign currency translation adjustments
$
7.2

 
$

 
$
7.2

Derivative adjustments
(2.0
)
 
0.5

 
(1.5
)
Pension and postretirement adjustments
2.2

 
(0.6
)
 
1.6

Total other comprehensive income
$
7.4

 
$
(0.1
)
 
$
7.3


Reclassification out of Accumulated Other Comprehensive Income
The amounts reclassified from AOCI and the affected line item of the Consolidated Statements of Operations are presented in the table below.
 
Year Ended December 31,
 
 
 
2019
 
2018
 
2017
 
Affected Line Item
Derivative adjustments
 
 
 
 
 
 
 
Foreign exchange contracts - purchases
$
(0.4
)
 
$
(0.1
)
 
$
0.1

 
Cost of goods sold
Foreign exchange contracts - purchases

 

 
(0.1
)
 
Earnings (loss) from discontinued operations
Foreign exchange contracts - sales
(0.3
)
 
0.4

 
0.3

 
Net sales
Foreign exchange contracts - sales

 
0.1

 
0.3

 
Earnings (loss) from discontinued operations
Total (income)/expense before tax
(0.7
)
 
0.4

 
0.6

 
 
Tax impact

 
(0.1
)
 
(0.2
)
 
Income tax expense (benefit)
Tax impact

 

 

 
Earnings (loss) from discontinued operations
Total (income)/expense, net of tax
(0.7
)
 
0.3

 
0.4

 
 
Pension and postretirement adjustments
 
 
 
 
 
 
 
Prior service cost amortization

 

 
0.4

 
Other expense, net
Amortization of net actuarial loss
7.0

 
8.4

 
8.4

 
Other expense, net
Amortization of net actuarial loss

 
(0.1
)
 

 
Earnings (loss) from discontinued operations
Total expense before tax
7.0

 
8.3

 
8.8

 
 
Tax impact

 
(1.8
)
 
(1.8
)
 
Income tax expense (benefit)
Tax impact

 
0.1

 

 
Earnings (loss) from discontinued operations
Total expense, net of tax
7.0

 
6.6

 
7.0

 
 
Total reclassifications for the period
$
6.3

 
$
6.9

 
$
7.4