Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2026

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of other comprehensive (loss) 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

Schedule of (Loss) Earnings

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

Knowles Corp 10-Q