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Accumulated Other Comprehensive Earnings (Loss)
 9 Months Ended
Sep. 30, 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:

 

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

Balance as of December 31, 2016

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

Net change in period

      3.7       249.3       11.7       264.7  
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of September 30, 2017

    $ (43.6 )    $ (459.9 )    $ 4.6     $ (498.9 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

The foreign currency translation during the nine-month period ended September 30, 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 nine-month periods ended September 30, 2017 and 2016, $4.1 million and $4.1 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 nine-month periods ended September 30, 2017 and 2016, $5.7 million and $5.2 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 nine-month periods ended September 30, 2017 and 2016, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive earnings (loss) to the statement of earnings.