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Accumulated Other Comprehensive Earnings (Loss)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Earnings (Loss)
17.
 
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, 2018
 
$
(61.2
)
 
$
(719.0
)
 
$
(5.4
)
 
$
(785.6
)
Cumulative effect of adoption of new accounting standards
 
 
—
 
 
 
—
 
 
 
(0.2
)
 
 
(0.2
)
Net change in period
 
 
1.6
 
 
 
74.5
 
 
 
(11.8
)
 
 
64.3
 
Balance as of March 31, 2019
 
$
(59.6
)
 
$
(644.5
)
 
$
(17.4
)
 
$
(721.5
)
The foreign currency translation during the three-month period ended March 31, 2019 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, 2019 and 2018, $1.8 million and $1.2 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, 2019 and 2018, $(0.7) million of income and $1.8 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-month periods ended March 31, 2019 and 2018, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive earnings (loss) to the statement of earnings.