Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the three month period ended June 30, 2014 were as follows (in millions):



	Post- retirement benefit plans			Currency translation adjustment				Unrealized holding gains on securities		Derivatives			Total
Attributable to ATI:
Balance, March 31, 2014	$	(705.5	)	$	13.8			$	—	$	(2.6	)	$	(694.3	)
OCI before reclassifications		—			8.9				0.1		7.9		16.9
Amounts reclassified from AOCI	(a)	13.5		(b)	—			(b)	—	(c)	(0.3	)	13.2
Net current-period OCI		13.5			8.9				0.1		7.6		30.1
Balance, June 30, 2014	$	(692.0	)	$	22.7			$	0.1	$	5.0		$	(664.2	)
Attributable to noncontrolling interests:
Balance, March 31, 2014	$	—		$	$	25.3		$	—	$	—		$	25.3
OCI before reclassifications		—			(1.2		)		—		—		(1.2		)
Amounts reclassified from AOCI		—		(b)	—				—		—		—
Net current-period OCI		—			(1.2		)		—		—		(1.2		)
Balance, June 30, 2014	$	—		$	24.1			$	—	$	—		$	24.1

The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the six month period ended June 30, 2014 were as follows (in millions):



	Post- retirement benefit plans			Currency translation adjustment				Unrealized holding gains on securities		Derivatives			Total
Attributable to ATI:
Balance, December 31, 2013	$	(718.9	)	$	15.3			$	—	$	(9.6	)	$	(713.2	)
OCI before reclassifications		—			7.4				0.1		13.6		21.1
Amounts reclassified from AOCI	(a)	26.9		(b)	—			(b)	—	(c)	1.0		27.9
Net current-period OCI		26.9			7.4				0.1		14.6		49.0
Balance, June 30, 2014	$	(692.0	)	$	22.7			$	0.1	$	5.0		$	(664.2	)
Attributable to noncontrolling interests:
Balance, December 31, 2013	$	—		$	$	27.1		$	—	$	—		$	27.1
OCI before reclassifications		—			(3.0		)		—		—		(3.0		)
Amounts reclassified from AOCI		—		(b)	—				—		—		—
Net current-period OCI		—			(3.0		)		—		—		(3.0		)
Balance, June 30, 2014	$	—		$	24.1			$	—	$	—		$	24.1


(a)	Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 9).


(b)	No amounts were reclassified to earnings.


(c)	Amounts were included in cost of goods sold in the period or periods the hedged item affects earnings (see Note 7).

The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the three month period ended June 30, 2013 were as follows (in millions):



	Post- retirement benefit plans			Currency translation adjustment			Unrealized holding gains on securities			Derivatives			Total
Attributable to ATI:
Balance, March 31, 2013	$	(1,011.8	)	$	(10.1	)	$	—		$	5.7		$	(1,016.2	)
OCI before reclassifications		—			2.6			(0.1	)		(9.8	)	(7.3		)
Amounts reclassified from AOCI	(a)	18.3		(b)	—		(b)	—		(c)	0.4		18.7
Net current-period OCI		18.3			2.6			(0.1	)		(9.4	)	11.4
Balance, June 30, 2013	$	(993.5	)	$	(7.5	)	$	(0.1	)	$	(3.7	)	$	(1,004.8	)
Attributable to noncontrolling interests:
Balance, March 31, 2013	$	—		$	24.2		$	—		$	—		$	24.2
OCI before reclassifications		—			1.9			—			—		1.9
Amounts reclassified from AOCI		—		(b)	—			—			—		—
Net current-period OCI		—			1.9			—			—		$	1.9
Balance, June 30, 2013	$	—		$	26.1		$	—		$	—		$	26.1

The changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, for the six month period ended June 30, 2013 were as follows (in millions):



	Post- retirement benefit plans			Currency translation adjustment				Unrealized holding gains on securities			Derivatives			Total
Attributable to ATI:
Balance, December 31, 2012	$	(1,030.0	)	$	3.4			$	(0.1	)	$	(2.7	)	$	(1,029.4	)
OCI before reclassifications		—			(10.9		)		—			(1.8	)	(12.7		)
Amounts reclassified from AOCI	(a)	36.5		(b)	—			(b)	—		(c)	0.8		37.3
Net current-period OCI		36.5			(10.9		)		—			(1.0	)	24.6
Balance, June 30, 2013	$	(993.5	)	$	(7.5		)	$	(0.1	)	$	(3.7	)	$	(1,004.8	)
Attributable to noncontrolling interests:
Balance, December 31, 2012	$	—		$	$	23.7		$	—		$	—		$	23.7
OCI before reclassifications		—			2.4				—			—		2.4
Amounts reclassified from AOCI		—		(b)	—				—			—		—
Net current-period OCI		—			2.4				—			—		2.4
Balance, June 30, 2013	$	—		$	26.1			$	—		$	—		$	26.1


(a)	Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 9).


(b)	No amounts were reclassified to earnings.


(c)	Amounts were included in cost of goods sold in the period or periods the hedged item affects earnings (see Note 7).

Reclassifications out of AOCI for the three and six month periods ended June 30, 2014 and June 30, 2013 were as follows:



	Amount reclassified from AOCI (c)
Details about AOCI Components (in millions)	Three months ended June 30, 2014			Three months ended June 30, 2013				Six months ended June 30, 2014			Six months ended June 30, 2013				Affected line item in the statements of operations
Postretirement benefit plans
Prior service (cost) credit	$	0.1		$	3.8		(a)	$	0.3		$	7.6		(a)
Actuarial losses	(22.0		)	(33.5		)	(a)	(44.0		)	(67.0		)	(a)
	(21.9		)	(29.7		)	(c)	(43.7		)	(59.4		)	(c)	Total before tax
	(8.4		)	(11.4		)		(16.8		)	(22.9		)		Tax provision (benefit)
	$	(13.5	)	$	(18.3	)		$	(26.9	)	$	(36.5	)		Net of tax
Derivatives
Nickel and other raw material contracts	$	1.5		$	(1.6	)	(b)	$	(1.3	)	$	(1.5	)	(b)
Natural gas contracts	1.6			0.2			(b)	3.9			(1.5		)	(b)
Electricity contracts	0.1			—			(b)	0.8			(0.3		)	(b)
Foreign exchange contracts	(2.7		)	0.9			(b)	(5.0		)	2.1			(b)
	0.5			(0.5		)	(c)	(1.6		)	(1.2		)	(c)	Total before tax
	0.2			(0.1		)		(0.6		)	(0.4		)		Tax provision (benefit)
	$	0.3		$	(0.4	)		$	(1.0	)	$	(0.8	)		Net of tax


(a)	Amounts are included in the computation of pension and other postretirement benefit expense, which is reported in both cost of goods sold and selling and administrative expenses. For additional information, see Note 9.


(b)	Amounts are included in cost of goods sold in the period or periods the hedged item affects earnings. For additional information, see Note 7.


(c)	For pretax items, positive amounts are income and negative amounts are expense in terms of the impact to net income. Tax effects are presented in conformity with ATI’s presentation in the consolidated statements of operations.