Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

The changes in accumulated other comprehensive income (loss) are as follows:


	Gains and (Losses) on Cash Flow Hedges		Defined Benefit Pension Plan		Total Accumulated Other Comprehensive Income (Loss)
	(In millions)
Balance at December 31, 2018	$	3.0	$	1.2	$	4.2
Other comprehensive income (loss) before reclassifications (1)	(1.7)		(1.9)		(3.6)
Amounts reclassified out of accumulated other comprehensive income (loss) (2)	(2.7)		—		(2.7)
Net current-period other comprehensive income (loss)	(4.4)		(1.9)		(6.3)
Balance at December 31, 2019	$	(1.4)	$	(0.7)	$	(2.1)
Other comprehensive income (loss) before reclassifications (3)	1.3		(1.4)		(0.1)
Amounts reclassified out of accumulated other comprehensive income (loss) (4)	(1.4)		—		(1.4)
Net current-period other comprehensive income (loss)	(0.1)		(1.4)		(1.5)
Balance at December 31, 2020	$	(1.5)	$	(2.1)	$	(3.6)
Other comprehensive income (loss) before reclassifications (5)	1.0		1.3		2.3
Amounts reclassified out of accumulated other comprehensive income (loss)	—		—		—
Net current-period other comprehensive income (loss)	1.0		1.3		2.3
Balance at December 31, 2021	$	(0.5)	$	(0.8)	$	(1.3)

(1)Net of tax benefit of $0.8 related to gains on cash flow hedges and tax benefit of $0.7 related to the defined benefit pension plan.

(2)Net of tax benefit of $1.1 related to gains on cash flow hedges.

(3)Net of tax expense of $0.3 related to cash flow hedges and tax benefit of $0.5 related to the defined benefit pension plan.

(4)Net of tax benefit of $0.6 related to gains on cash flow hedges.

(5)Net of tax expense of $0.5 related to cash flow hedges and tax expense of $0.5 related to the defined benefit pension plan.