Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.20.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The amounts and related tax effects allocated to each component of AOCI in 2020, 2019 and 2018 are presented in the table below:
Pre-tax Amount Tax Impact After-tax Amount
2020
Foreign currency translation adjustments $ 7.2  $   $ 7.2 
Derivative adjustments (0.6) 0.2  (0.4)
Pension and postretirement adjustments 11.5  (2.9) 8.6 
Total other comprehensive income $ 18.1  $ (2.7) $ 15.4 
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 

The following table summarizes the activity, by component, related to the change in AOCI for December 31, 2020 and 2019:
Foreign Currency Translation Adjustments Derivative Adjustments Pension and Postretirement Adjustments Total Accumulated Other Comprehensive (Loss)
Balance, December 31, 2018 $ 1.7  $ 0.8  $ (64.1) $ (61.6)
Other comprehensive (loss) income 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) income (2.2) (1.4) (9.5) (13.1)
Balance, December 31, 2019 $ (0.5) $ (0.6) $ (73.6) $ (74.7)
Other comprehensive income (loss) before reclassifications, net of tax impact of $—, $0.2, , $(2.0) and $(1.8)
7.2  (0.2) 5.9  12.9 
Amounts reclassified from accumulated other comprehensive (loss) income —  (0.2) 2.7  2.5 
Net current period other comprehensive income (loss) income 7.2  (0.4) 8.6  15.4 
Balance, December 31, 2020 $ 6.7  $ (1.0) $ (65.0) $ (59.3)
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,
2020 2019 2018 Affected Line Item
Derivative adjustments
Foreign exchange contracts - purchases $ (0.1) $ (0.4) $ (0.1) Cost of goods sold
Foreign exchange contracts - sales (0.1) (0.3) 0.4  Net sales
Foreign exchange contracts - sales   —  0.1  Earnings from discontinued operations
Total reclassifications before tax (0.2) (0.7) 0.4 
Tax impact   —  (0.1) Income tax (benefit) expense
Total reclassifications, net of tax (0.2) (0.7) 0.3 
Pension and postretirement adjustments
Prior service credit amortization (2.0) —  —  Other (income) expense, net
Amortization of net actuarial loss 5.6  7.0  8.4  Other (income) expense, net
Amortization of net actuarial loss   —  (0.1) Earnings from discontinued operations
Total reclassifications before tax 3.6  7.0  8.3 
Tax impact (0.9) —  (1.8) Income tax (benefit) expense
Tax impact   —  0.1  Earnings from discontinued operations
Total reclassifications, net of tax 2.7  7.0  6.6 
Total reclassifications for the period $ 2.5  $ 6.3  $ 6.9