General form of registration statement for all companies including face-amount certificate companies

Accumulated Other Comprehensive Loss

v3.20.2
Accumulated Other Comprehensive Loss
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Mafco Worldwide & Merisant    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Accumulated Other Comprehensive Loss

7.    Accumulated Other Comprehensive Loss

The following table displays the change in the components of accumulated other comprehensive loss, net of tax, which are included in net parent investment on the accompanying combined balance sheets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Accumulated

 

 

Net Currency

 

Funded

 

Other

 

 

Translation

    

Status of

    

Comprehensive

 

    

Gains (Losses)

    

Benefit Plans

    

Loss

Balance at December 31, 2018

 

$

4.4

 

$

(10.5)

 

$

(6.1)

Foreign currency translation Adjustments

 

 

(2.4)

 

 

 

 

(2.4)

Adoption of ASU 2018-02

 

 

 

 

(2.1)

 

 

(2.1)

Balance at March 31, 2019

 

$

2.0

 

$

(12.6)

 

$

(10.6)

Balance at December 31, 2019

 

$

2.9

 

$

(11.0)

 

$

(8.1)

Foreign currency translation Adjustments

 

 

(1.8)

 

 

 

 

(1.8)

Balance at March 31, 2020

 

$

1.1

 

$

(11.0)

 

$

(9.9)

 

7.   Accumulated Other Comprehensive Loss

 

The following table displays the change in the components of accumulated other comprehensive loss, net of tax, which are included in net parent investment on the accompanying combined balance sheets:

 

 

 

 

 

 

 

 

 

 

 

 

    

Net

    

 

    

Total

 

 

Currency

 

Funded

 

Accumulated

 

 

Translation

 

Status of

 

Other

 

 

Gains

 

Benefit

 

Comprehensive

 

 

(Losses)

 

Plans

 

Loss

Balance at December 31, 2016

 

$

(0.9)

 

$

(12.5)

 

$

(13.4)

Foreign currency translation adjustments

 

 

5.9

 

 

 —

 

 

5.9

Net change in pension benefit obligation

 

 

 —

 

 

1.3

 

 

1.3

Net current-period other comprehensive income

 

 

5.9

 

 

1.3

 

 

7.2

Balance at December 31, 2017

 

$

5.0

 

$

(11.2)

 

$

(6.2)

Foreign currency translation adjustments

 

 

(0.6)

 

 

 —

 

 

(0.6)

Net change in pension benefit obligation

 

 

 —

 

 

0.7

 

 

0.7

Net current-period other comprehensive income

 

 

(0.6)

 

 

0.7

 

 

0.1

Balance at December 31, 2018

 

 

4.4

 

 

(10.5)

 

 

(6.1)

Foreign currency translation adjustments

 

 

(1.5)

 

 

 —

 

 

(1.5)

Net change in pension benefit obligation

 

 

 —

 

 

(0.5)

 

 

(0.5)

Net current-period other comprehensive income

 

 

(1.5)

 

 

(0.5)

 

 

(2.0)

Balance at December 31, 2019

 

$

2.9

 

$

(11.0)

 

$

(8.1)

 

Gains and losses deferred in net parent investment are reclassified and recognized in the combined statements of operations when they are realized. Amounts of income (expense) reclassified from net parent investment are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Line Items Affected by Reclassifications

    

 

 

 

 

 

 

 

 

 

 

from Net Parent Investment in the

 

Expense Reclassified for the

Component

 

Combined Statements of Operations

 

Years Ended December 31,

 

 

 

    

2019

    

2017

    

2018

Funded Status of

 

Cost of goods sold

 

$

(0.5)

 

$

(0.4)

 

$

(0.5)

Benefit Plans

 

Selling, general and administrative expenses

 

 

(1.0)

 

 

(0.6)

 

 

(0.7)

 

 

 

 

$

(1.5)

 

$

(1.0)

 

$

(1.2)