FRANKLIN ELECTRIC CO INC
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
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Accumulated Other Comprehensive Income/(Loss)
- ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
Changes in accumulated other comprehensive income/(loss) by component for the three months ended March 31, 2025 and March 31, 2024, are summarized below:
| (In millions) | Foreign Currency Translation Adjustments | Pension and Post-Retirement Plan Benefit Adjustments (2) | Total |
|---|---|---|---|
| For the three months ended March 31, 2025: | |||
| Balance as of December 31, 2024 | $(215.0) | $(39.0) | $(254.0) |
| Other comprehensive income/(loss) before reclassifications | 13.1 | — | 13.1 |
| Amounts reclassified from accumulated other comprehensive income/(loss) (1) | — | 0.3 | 0.3 |
| Net other comprehensive income/(loss) | 13.1 | 0.3 | 13.4 |
| Balance as of March 31, 2025 | $(201.9) | $(38.7) | $(240.6) |
| For the three months ended March 31, 2024: | |||
| Balance as of December 31, 2023 | $(179.3) | $(41.8) | $(221.1) |
| Other comprehensive income/(loss) before reclassifications | (7.2) | — | (7.2) |
| Amounts reclassified from accumulated other comprehensive income/(loss) (1) | — | 0.4 | 0.4 |
| Net other comprehensive income/(loss) | (7.2) | 0.4 | (6.8) |
| Balance as of March 31, 2024 | $(186.5) | $(41.4) | $(227.9) |
(1) This accumulated other comprehensive income/(loss) component is included in the computation of net periodic pension cost (refer to Note 9 for additional details) and is included in the "Other (expense) income, net" line of the Company's condensed consolidated statements of income.
(2) Net of tax expense of $0.1 million for the three months ended March 31, 2025 and March 31, 2024, respectively.
Amounts related to noncontrolling interests were not material.
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