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Shareholders' Equity and Comprehensive Earnings (Tables)
 9 Months Ended
Sep. 30, 2015
Shareholders' Equity and Comprehensive Earnings  
Schedule of activity related to accumulated other comprehensive earnings (loss)

 

($ in millions)

 

Foreign
Currency
Translation

 

Pension and
Other
Postretirement
Benefits
(Net of Tax)

 

Effective
Derivatives
(Net of Tax)

 

Accumulated
Other
Comprehensive
Earnings (Loss)

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$
(18.4

)

$
(499.9

)

$
(3.8

)

$
(522.1

)

Other comprehensive earnings (loss) before reclassifications

 
(113.1

)
8.2

 
(19.2

)
(124.1

)

Amounts reclassified from accumulated other comprehensive earnings (loss)

 

—

 
21.1

 
5.0

 
26.1

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2015

 

$
(131.5

)

$
(470.6

)

$
(18.0

)

$
(620.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information related to amounts recognized into net earnings from AOCI

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

($ in millions)

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

 

 

 

 

Commodity contracts recorded in net sales

 

$
1.3

 

$
(2.5

)

$
2.1

 

$
(3.0

)

Commodity contracts and currency exchange contracts recorded in cost of sales

 
(8.1

)
(20.3

)
(10.8

)
(34.2

)

Interest rate contracts recorded in interest expense

 

—

 
0.1

 
(0.1

)
(0.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total before tax effect

 
(6.8

)
(22.7

)
(8.8

)
(37.4

)

Tax benefit (provision) on amounts reclassified into earnings

 
2.7

 
3.2

 
3.8

 
4.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized gain (loss)

 

$
(4.1

)

$
(19.5

)

$
(5.0

)

$
(33.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of pension and other postretirement benefits (a):

 

 

 

 

 

 

 

 

 

Prior service income (cost)

 

$
0.6

 

$
0.1

 

$
1.6

 

$
0.3

 

Actuarial gains (losses)

 
(11.3

)
(9.2

)
(35.0

)
(27.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total before tax effect

 
(10.7

)
(9.1

)
(33.4

)
(27.4

)

Tax benefit (provision) on amounts reclassified into earnings

 
4.0

 
3.3

 
12.3

 
9.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized gain (loss)

 

$
(6.7

)

$
(5.8

)

$
(21.1

)

$
(17.5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

These components are included in the computation of net periodic benefit cost included in Note 12.