| Reclassification of Accumulated Other Comprehensive Income |
Accumulated Other Comprehensive Income (Loss)—The
changes in accumulated other comprehensive income (loss) by
component are summarized below ($ in millions). Foreign currency
translation adjustments are generally not adjusted for income taxes
as they relate to indefinite investments in non-U.S.
subsidiaries.
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| |
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Foreign
currency
translation
adjustments |
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|
Pension &
post-
retirement
plan benefit
adjustments (b) |
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|
Total |
|
|
For the Three Months Ended March 31, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2016
|
|
$ |
(72.6 |
) |
|
$ |
(73.2 |
) |
|
$ |
(145.8 |
) |
|
Other comprehensive income (loss) before reclassifications, net of
income taxes
|
|
|
43.6 |
|
|
|
— |
|
|
|
43.6 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss):
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|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
— |
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|
|
1.1 |
(a) |
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|
1.1 |
|
|
Income tax impact
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|
|
— |
|
|
|
(0.3 |
) |
|
|
(0.3 |
) |
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|
|
|
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|
|
|
|
|
|
|
|
Amounts reclassified from accumulated other comprehensive income
(loss), net of income taxes
|
|
|
— |
|
|
|
0.8 |
|
|
|
0.8 |
|
|
|
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|
|
|
|
Net current period other comprehensive income (loss), net of income
taxes
|
|
|
43.6 |
|
|
|
0.8 |
|
|
|
44.4 |
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|
|
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|
|
|
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|
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Balance, March 31, 2017
|
|
$ |
(29.0 |
) |
|
$ |
(72.4 |
) |
|
$ |
(101.4 |
) |
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|
|
|
|
|
|
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|
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|
|
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For the Three Months Ended April 1, 2016:
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|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2015
|
|
$ |
51.2 |
|
|
$ |
(65.6 |
) |
|
$ |
(14.4 |
) |
|
Other comprehensive income (loss) before reclassifications, net of
income taxes
|
|
|
22.1 |
|
|
|
— |
|
|
|
22.1 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
— |
|
|
|
1.3 |
(a) |
|
|
1.3 |
|
|
Income tax impact
|
|
|
— |
|
|
|
(0.3 |
) |
|
|
(0.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts reclassified from accumulated other comprehensive income
(loss), net of income taxes
|
|
|
— |
|
|
|
1.0 |
|
|
|
1.0 |
|
|
|
|
|
|
|
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|
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|
|
Net current period other comprehensive income (loss), net of income
taxes
|
|
|
22.1 |
|
|
|
1.0 |
|
|
|
23.1 |
|
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|
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Balance, April 1, 2016
|
|
$ |
73.3 |
|
|
$ |
(64.6 |
) |
|
$ |
8.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
This accumulated other comprehensive
income (loss) component is included in the computation of net
periodic pension cost (refer to Note 6 for additional
details). |
| (b) |
Includes balances relating to
non-U.S. employee defined benefit plans, supplemental executive
retirement plans and other postretirement employee benefit
plans. |
|
Foreign currency translation adjustments are generally not
adjusted for income taxes as they relate to indefinite investments
in non-U.S. subsidiaries.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Foreign
currency
translation
adjustments |
|
|
Pension &
post-
retirement
plan benefit
adjustments (b) |
|
|
Total |
|
|
Balance, January 1, 2014
|
|
$ |
337.3 |
|
|
$ |
(64.5 |
) |
|
$ |
272.8 |
|
|
Other comprehensive income (loss) before reclassifications:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
(154.4 |
) |
|
|
(30.4 |
) |
|
|
(184.8 |
) |
|
Income tax impact
|
|
|
— |
|
|
|
8.1 |
|
|
|
8.1 |
|
|
|
|
|
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Other comprehensive income (loss) before reclassifications, net of
income taxes
|
|
|
(154.4 |
) |
|
|
(22.3 |
) |
|
|
(176.7 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
— |
|
|
|
4.5 |
(a) |
|
|
4.5 |
|
|
Income tax impact
|
|
|
— |
|
|
|
(1.1 |
) |
|
|
(1.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts reclassified from accumulated other comprehensive income
(loss), net of income taxes:
|
|
|
— |
|
|
|
3.4 |
|
|
|
3.4 |
|
|
|
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Net current period other comprehensive income (loss):
|
|
|
(154.4 |
) |
|
|
(18.9 |
) |
|
|
(173.3 |
) |
|
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Balance, December 31, 2014
|
|
|
182.9 |
|
|
|
(83.4 |
) |
|
|
99.5 |
|
|
Other comprehensive income (loss) before reclassifications:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
(131.7 |
) |
|
|
17.6 |
|
|
|
(114.1 |
) |
|
Income tax impact
|
|
|
— |
|
|
|
(5.0 |
) |
|
|
(5.0 |
) |
|
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|
|
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|
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|
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|
|
Other comprehensive income (loss) before reclassifications, net of
income taxes
|
|
|
(131.7 |
) |
|
|
12.6 |
|
|
|
(119.1 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
— |
|
|
|
6.9 |
(a) |
|
|
6.9 |
|
|
Income tax impact
|
|
|
— |
|
|
|
(1.7 |
) |
|
|
(1.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts reclassified from accumulated other comprehensive income
(loss), net of income taxes
|
|
|
— |
|
|
|
5.2 |
|
|
|
5.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current period other comprehensive income (loss)
|
|
|
(131.7 |
) |
|
|
17.8 |
|
|
|
(113.9 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2015
|
|
|
51.2 |
|
|
|
(65.6 |
) |
|
|
(14.4 |
) |
|
Other comprehensive income (loss) before reclassifications:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
(123.8 |
) |
|
|
(13.8 |
) |
|
|
(137.6 |
) |
|
Income tax impact
|
|
|
— |
|
|
|
2.0 |
|
|
|
2.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications, net of
income taxes
|
|
|
(123.8 |
) |
|
|
(11.8 |
) |
|
|
(135.6 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (decrease)
|
|
|
— |
|
|
|
5.5 |
(a) |
|
|
5.5 |
|
|
Income tax impact
|
|
|
— |
|
|
|
(1.3 |
) |
|
|
(1.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts reclassified from accumulated other comprehensive income
(loss), net of income taxes:
|
|
|
— |
|
|
|
4.2 |
|
|
|
4.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current period other comprehensive income (loss):
|
|
|
(123.8 |
) |
|
|
(7.6 |
) |
|
|
(131.4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2016
|
|
$ |
(72.6 |
) |
|
$ |
(73.2 |
) |
|
$ |
(145.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
This accumulated other comprehensive
income (loss) component is included in the computation of net
periodic pension cost (refer to Note 11 for additional
details). |
| (b) |
Includes balances relating to
non-U.S. employee defined benefit plans, supplemental executive
retirement plans and other postretirement employee benefit
plans. |
|