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Below is a summary of the impact of translating the March 31, 2022 and March 31, 2021 financial statements of the Company’s international subsidiaries:
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Other Comprehensive Income (Loss) for |
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Exchange Rate as of |
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Three Months Ended |
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Country |
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March 31, 2022 |
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December 31, 2021 |
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March 31, 2022 |
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March 31, 2021 |
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Brazil |
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4.8 |
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5.6 |
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$ |
8.0 |
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$ |
(6.9 |
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Chile |
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788.6 |
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852.0 |
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4.8 |
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(1.0 |
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Peru |
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3.8 |
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4.0 |
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1.6 |
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(1.2 |
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All other |
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— |
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(0.4 |
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$ |
14.4 |
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$ |
(9.5 |
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As noted above, beginning July 1, 2018, Argentina was deemed highly inflationary. A foreign currency exchange gain of $0.5 and $0.2 was recorded for the three months ended March 31, 2022 and 2021, respectively, as a result of translating Argentina's financial results to U.S. dollars.
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