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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss)  
Schedule of changes in Accumulated other comprehensive income (loss) by component

 

The changes in Accumulated other comprehensive income (loss) by component for the three months ended March 31, 2015 were as follows:

 

 

Accrued

 

Foreign

 

 

 

 

 

 

 

post-retirement

 

currency

 

Hedging

 

 

 

(in millions)

 

benefit liability(1)

 

translation

 

activities(2)

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

(32.0

)

$

(30.4

)

$

0.6

 

$

(61.8

)

Other comprehensive loss before reclassifications

 

 

(20.7

)

 

(20.7

)

Amounts reclassified from accumulated other comprehensive loss

 

1.3

 

 

(0.2

)

1.1

 

Income tax expense

 

(0.5

)

 

0.1

 

(0.4

)

Net other comprehensive loss

 

0.8

 

(20.7

)

(0.1

)

(20.0

)

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2015

 

$

(31.2

)

$

(51.1

)

$

0.5

 

$

(81.8

)

 

The changes in Accumulated other comprehensive income (loss) by component for the three months ended March 31, 2014 were as follows:

 

 

Accrued

 

Foreign

 

 

 

 

 

 

 

post-retirement

 

currency

 

Hedging

 

 

 

(in millions)

 

benefit liability(1)

 

translation

 

activities(2)

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2013

 

$

(28.2

)

$

(4.3

)

$

1.0

 

$

(31.5

)

Other comprehensive income before reclassifications

 

 

3.0

 

(0.2

)

2.8

 

Amounts reclassified from accumulated other comprehensive loss

 

1.0

 

 

 

1.0

 

Income tax expense

 

(0.4

)

 

0.1

 

(0.3

)

Net other comprehensive income (loss)

 

0.6

 

3.0

 

(0.1

)

3.5

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2014

 

$

(27.6

)

$

(1.3

)

$

0.9

 

$

(28.0

)

 

(1)Current period amounts related to accrued post-retirement benefit liability are for amortization of unrecognized actuarial gains and losses which is included in net periodic benefit cost for pension and other post-retirement welfare plans.  See Note 13.

(2)Current period amounts related to hedging activities are a reduction to interest expense.  See Note 18 in the Company’s 2014 Annual Report on Form 10-K for more information.