Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Accumulated other comprehensive loss is as follows:


December 31 (dollars in millions)	2017			2016
Cumulative foreign currency translation adjustments	$	(26.5	)	$	(79.2	)
Unrealized net (loss) gain on cash flow derivative instruments less related income tax benefit (provision) of $0.6 in 2017 and $(0.1) in 2016		(0.9	)		0.2
Pension liability less related income tax benefit of $175.9 in 2017 and $183.4 in 2016		(272.1	)		(284.2	)

	$	(299.5	)	$	(363.2	)

Changes to accumulated other comprehensive loss by component are as follows:


	Years ended December 31,
	2017			2016
Cumulative foreign currency translation
Balance at beginning of period	$	(79.2	)	$	(39.4	)
Other comprehensive gain (loss) before reclassifications		52.7			(39.8	)

Balance at end of period		(26.5	)		(79.2	)

Unrealized net gain on cash flow derivatives
Balance at beginning of period		0.2			1.2
Other comprehensive losses before reclassifications		(0.5	)		(0.9	)
Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $0.4 and $0.1 in 2017 and 2016, respectively)⁽¹⁾		(0.6	)		(0.1	)

Balance at end of period		(0.9	)		0.2

Pension liability
Balance at beginning of period		(284.2	)		(275.2	)
Other comprehensive gain (loss) before reclassifications		1.4			(18.8	)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		10.7			9.8

Balance at end of period		(272.1	)		(284.2	)

Total accumulated other comprehensive loss, end of period	$	(299.5	)	$	(363.2	)

⁽¹⁾Amounts reclassified from accumulated other comprehensive loss:
Realized gains on derivatives reclassified to cost of products sold		(1.0	)		(0.2	)
Tax provision		0.4			0.1

Reclassification net of tax	$	(0.6	)	$	(0.1	)

Amortization of pension items:
Actuarial losses	$	17.9	⁽²⁾	$	17.5	⁽²⁾
Prior year service cost		(0.4	)⁽²⁾		(1.5	)⁽²⁾

		17.5			16.0
Tax benefit		(6.8	)		(6.2	)

Reclassification net of tax	$	10.7		$	9.8


⁽²⁾ These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. See Note 10 - Pensions and Other Post-retirement Benefits for additional details