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Accumulated Other Comprehensive Earnings (Loss)
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Earnings (Loss)
14. Accumulated Other Comprehensive Earnings (Loss)

The after-tax components of our accumulated other comprehensive earnings (loss) attributable to controlling interests consist of the following:

 

     Pension
Liability		     Foreign
Currency
Translation		     Fair Value of
Derivative
Investments		     Accumulated
Comprehensive
Earnings (Loss)		  

Balance as of December 31, 2016

    $ (47.3 )    $ (709.2 )    $ (7.1 )    $ (763.6 ) 

Net change in period

      1.2       56.8       6.5       64.5  
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of March 31, 2017

    $ (46.1 )    $ (652.4 )    $ (0.6 )    $ (699.1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 

The foreign currency translation during the three-month period ended March 31, 2017 primarily relates to the net impact of changes in the value of the local currencies relative to the U.S. dollar for our operations in Australia, Canada, the Caribbean, India, New Zealand and the U.K.

During the three-month periods ended March 31, 2017 and 2016, $1.4 million and $1.5 million, respectively, of expense related to the pension liability was reclassified from accumulated other comprehensive earnings (loss) to compensation expense in the statement of earnings. During the three-month periods ended March 31, 2017 and 2016, $2.4 million and $1.2 million of expense, respectively, related to the fair value of derivative investments, was reclassified from accumulated other comprehensive earnings (loss) to the statement of earnings. During the three-monthperiods  ended March 31, 2017 and 2016, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive earnings (loss) to the statement of earnings.