FRANKLIN ELECTRIC CO INC
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 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 six months ended June 30, 2025 and June 30, 2024, are summarized below:
| (In millions) | Foreign Currency Translation Adjustments | Pension and Post-Retirement Plan Benefit Adjustments (2) | Total |
|---|---|---|---|
| For the six months ended June 30, 2025: | |||
| Balance as of December 31, 2024 | $(215.0) | $(39.0) | $(254.0) |
| Other comprehensive income/(loss) before reclassifications | 39.0 | — | 39.0 |
| Amounts reclassified from accumulated other comprehensive income/(loss) (1) | — | 0.6 | 0.6 |
| Net other comprehensive income/(loss) | 39.0 | 0.6 | 39.6 |
| Balance as of June 30, 2025 | $(176.0) | $(38.4) | $(214.4) |
| For the six months ended June 30, 2024: | |||
| Balance as of December 31, 2023 | $(179.3) | $(41.8) | $(221.1) |
| Other comprehensive income/(loss) before reclassifications | (17.5) | — | (17.5) |
| Amounts reclassified from accumulated other comprehensive income/(loss) (1) | — | 0.9 | 0.9 |
| Net other comprehensive income/(loss) | (17.5) | 0.9 | (16.6) |
| Balance as of June 30, 2024 | $(196.8) | $(40.9) | $(237.7) |
(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 $0.2 million and $0.3 million for the six months ended June 30, 2025 and June 30, 2024, respectively.
Amounts related to noncontrolling interests were not material.
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