10. Other Comprehensive Earnings
The amounts recognized in other comprehensive earnings were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | March 31, 2026 | | March 31, 2025 | | (in millions) | Pre-tax | | Tax | | Net of tax | | Pre-tax | | Tax | | Net of tax | | Foreign currency translation | $ | 2.3 | | | $ | — | | | $ | 2.3 | | | $ | 0.9 | | | $ | — | | | $ | 0.9 | | | Employee benefit plans | 0.1 | | | — | | | 0.1 | | | (0.1) | | | 0.1 | | | — | | | Changes in fair value of cash flow hedges | 0.6 | | | — | | | 0.6 | | | 1.8 | | | — | | | 1.8 | | | | | | | | | | | | | | | Total other comprehensive earnings | $ | 3.0 | | | $ | — | | | $ | 3.0 | | | $ | 2.6 | | | $ | 0.1 | | | $ | 2.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following tables summarize the changes in balances of each component of accumulated other comprehensive earnings (loss), net of tax during the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Cash flow hedges | | Employee benefit plans | | Cumulative foreign currency translation adjustments | | | | | | Total | | Balance at December 31, 2025 | $ | (0.4) | | | $ | (15.9) | | | $ | (108.4) | | | | | | | $ | (124.7) | | | | | | | | | | | | | | | | | | | | | | | | | | | Other comprehensive earnings, net of tax | 0.6 | | | 0.1 | | | 2.3 | | | | | | | 3.0 | | | | | | | | | | | | | | | Balance at March 31, 2026 | $ | 0.2 | | | $ | (15.8) | | | $ | (106.1) | | | | | | | $ | (121.7) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Cash flow hedges | | Employee benefit plans | | Cumulative foreign currency translation adjustments | | | | Total | | Balance at December 31, 2024 | $ | (2.1) | | | $ | (16.9) | | | $ | (119.1) | | | | | $ | (138.1) | | | Other comprehensive earnings, net of tax | 1.8 | | — | | | 0.9 | | | | | 2.7 | | | Balance at March 31, 2025 | $ | (0.3) | | | $ | (16.9) | | | $ | (118.2) | | | | | $ | (135.4) | |
The following tables summarize the amounts reclassified from accumulated other comprehensive loss to earnings: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | (in millions) | Statement of Earnings Line | 2026 | | 2025 | | Pension and post-retirement benefit plans: | | | | | Amortization or settlement of actuarial losses and prior service costs | Other expense, net | $ | 0.1 | | | $ | (0.1) | | | Tax | (Benefit from) provision for income taxes | — | | | 0.1 | | | Net of tax | | $ | 0.1 | | | $ | — | | | | | | | | Cash flow hedges: | | | | | Net gains reclassified into earnings | Cost of goods sold | $ | 0.4 | | | $ | 1.0 | | | Tax | (Benefit from) provision for income taxes | (0.1) | | | (0.2) | | | Net of tax | | $ | 0.3 | | | $ | 0.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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