Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2016

The following is a summary of net changes in Accumulated OCI by component and net of tax for 2016 and 2015:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of 2014 year end	$	(7.7)	$	1.0	$	(241.5)	$	(248.2)
Other comprehensive loss before reclassifications		(110.8)		–		(28.9)		(139.7)
Amounts reclassified from Accumulated OCI		–		(0.3)		24.0		23.7

Net other comprehensive loss		(110.8)		(0.3)		(4.9)		(116.0)

Balance as of 2015 year end	$	(118.5)	$	0.7	$	(246.4)	$	(364.2)
Other comprehensive income (loss) before reclassifications		(99.2)		8.8		(62.6)		(153.0)
Amounts reclassified from Accumulated OCI		–		(0.3)		19.0		18.7

Net other comprehensive income (loss)		(99.2)		8.5		(43.6)		(134.3)

Balance as of 2016 year end	$	(217.7)	$	9.2	$	(290.0)	$	(498.5)

The reclassifications out of Accumulated OCI in 2016 and 2015 are as follows:


Details about Accumulated OCI Components	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2016		2015
Gains on cash flow hedges:
Treasury locks	$	0.3	$	0.3	Interest expense
Income tax expense		–		–	Income tax expense

Net of tax		0.3		0.3


Amortization of net unrecognized losses and prior service credits		(30.1)		(38.0)	See footnote below*
Income tax benefit		11.1		14.0	Income tax expense

Net of tax		(19.0)		(24.0)

Total reclassifications for the period, net of tax	$	(18.7)	$	(23.7)

*	These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 11 and Note 12 for further information.