v3.26.1
Other Comprehensive Earnings
3 Months Ended
Mar. 31, 2026
Statement of Other Comprehensive Income [Abstract]  
Other Comprehensive Earnings
10. Other Comprehensive Earnings

The amounts recognized in other comprehensive earnings were as follows:
Three Months Ended
 March 31, 2026March 31, 2025
(in millions)Pre-taxTaxNet of taxPre-taxTaxNet of tax
Foreign currency translation$2.3 $— $2.3 $0.9 $— $0.9 
Employee benefit plans0.1 — 0.1 (0.1)0.1 — 
Changes in fair value of cash flow hedges0.6 — 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 hedgesEmployee benefit plansCumulative foreign currency translation adjustmentsTotal
Balance at December 31, 2025$(0.4)$(15.9)$(108.4)$(124.7)
Other comprehensive earnings, net of tax0.6 0.1 2.3 3.0 
Balance at March 31, 2026$0.2 $(15.8)$(106.1)$(121.7)
(in millions)Cash flow hedgesEmployee benefit plansCumulative foreign currency translation adjustmentsTotal
Balance at December 31, 2024$(2.1)$(16.9)$(119.1)$(138.1)
Other comprehensive earnings, net of tax1.8— 0.9 2.7 
Balance at March 31, 2025$(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 Line20262025
Pension and post-retirement benefit plans:
Amortization or settlement of actuarial losses and prior service costsOther 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 earningsCost 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