Vertiv Holdings Co
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
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13: Accumulated other comprehensive (loss) income
Activity in accumulated other comprehensive (loss) income is as follows:
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Foreign currency translation, beginning | $(89.8) | $(157.0) | $39.8 |
| Other comprehensive income (loss)(1) | (114.1) | 67.2 | (196.8) |
| Foreign currency translation, ending | (203.9) | (89.8) | (157.0) |
| Interest rate swaps, beginning | 87.7 | 110.2 | 8.7 |
| Unrealized gain (loss) deferred during the period(2)(3) | (13.1) | (22.5) | 101.5 |
| Interest rate swaps, ending | 74.6 | 87.7 | 110.2 |
| Pension, beginning | (2.4) | 0.6 | (12.9) |
| Actuarial gain (loss), net of income taxes(4) | (4.5) | (3.0) | 13.5 |
| Pension, ending | (6.9) | (2.4) | 0.6 |
| Foreign currency exchange forwards, beginning | — | — | — |
| Unrealized gain (loss) deferred during the period(5) | (12.6) | — | — |
| Foreign currency exchange forwards, ending | (12.6) | — | — |
| Accumulated other comprehensive (loss) income | $(148.8) | $(4.5) | $(46.2) |
(1)For the year ended December 31, 2024 and 2023 foreign currency translation included tax effects of $2.0 and $(0.7), respectively, refer to "Note 9 - Income taxes" for additional information.
(2)During the year ended December 31, 2024, 2023, and 2022, $41.7, $38.9, and $2.4 respectively, was reclassified into earnings.
(3)For the year ended December 31, 2024 and 2023 interest rate swaps included tax effects of $4.0 and $6.9, respectively.
(4)For the year ended December 31, 2024 and 2023 pension included tax effects of $(0.3) and $0.7, respectively.
(5)For the year ended December 31, 2024 cash flow hedges included tax effects of $3.8.
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