8. Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

accumulated other comprehensive income [Text Block]

8. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) included in our Consolidated Balance Sheets and Consolidated Statements of Changes in Stockholders' Equity consists of the following components (in millions):



	Foreign currency translation adjustments			Foreign other post-employment benefits adjustments			Net unrealized holding gains (losses) on available-for-sale investments			Total Accumulated other comprehensive income (loss)
Balances as of January 1, 2017	$	1.3		$	(18.6	)	$	435.0		$	417.7
Other comprehensive income (loss), before reclassifications	76.1			(6.5		)	203.6			273.2
Amounts reclassified from Accumulated other comprehensive income	—			2.1			(0.1		)	2.0
Income tax effects	—			0.7			(74.9		)	(74.2		)
Effect of adoption of ASU 2018-02	—			—			120.1			120.1
Other comprehensive income (loss), net of income taxes	76.1			(3.7		)	248.7			321.1
Balances as of December 31, 2017	$	77.4		$	(22.3	)	$	683.7		$	738.8
Effect of adoption of ASU 2016-01 and 2018-03**	—			—			(679.3		)	(679.3		)
Balances as of January 1, 2018	$	77.4		$	(22.3	)	$	4.4		$	59.5
Other comprehensive (loss) income, before reclassifications	(112.9		)	6.9			(1.4		)	(107.4		)
Amounts reclassified from Accumulated other comprehensive income	—			2.4			0.3			2.7
Income tax effects	—			(1.8		)	—			(1.8		)
Other comprehensive (loss) income, net of income taxes	(112.9		)	7.5			(1.1		)	(106.5		)
Balances as of December 31, 2018	$	(35.5	)	$	(14.8	)	$	3.3		$	(47.0	)

**See Note 1, "Significant Accounting Policies" under "Recent Accounting Pronouncements Adopted"

In 2017, we adopted ASU 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which gave entities the option to reclassify to retained earnings tax effects related to items in Accumulated other comprehensive income ("OCI") that the FASB refers to as having been stranded in Accumulated OCI as a result of the Tax Act. We reclassified the income tax effects of the Tax Act on the remeasurement of our deferred tax liabilities related to our available-for-sale equity securities by increasing OCI and decreasing Retained earnings by $120.1 million.

The increase in 2017 for net unrealized holding gains on available-for-sale investments was primarily from our ownership in the preferred shares of Sartorius.

The amounts reclassified out of Accumulated other comprehensive income into the Consolidated Statements of Income, with presentation location, were as follows:




	December 31,
Components of Comprehensive income	2018			2017			Location
Amortization of foreign other post-employment benefit items	$	(2.4	)	$	(2.1	)	Selling, general and administrative expense
Net holding (losses) gains on equity securities and available for sale investments	$	(0.3	)	$	0.1		Other (income) expense, net

Reclassification adjustments are calculated using the specific identification method.