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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Change in Accumulated Other Comprehensive Loss
The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax:
(in millions) (a)
Actuarial Losses
 
Prior Service Costs
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at January 1, 2019
$
(87.4
)
 
$
(2.5
)
 
$
(8.9
)
 
$
1.5

 
$
(97.3
)
Other comprehensive income before reclassifications
4.5

 

 
1.8

 

 
6.3

Amounts reclassified from accumulated other comprehensive loss
2.5

 
0.1

 

 
(0.7
)
 
1.9

Net current-period other comprehensive income (loss)
7.0

 
0.1

 
1.8

 
(0.7
)
 
8.2

Balance at December 31, 2019
$
(80.4
)
 
$
(2.4
)
 
$
(7.1
)
 
$
0.8

 
$
(89.1
)

(in millions) (a)
Actuarial Losses
 
Prior Service Costs
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at January 1, 2018
$
(75.4
)
 
$

 
$
(2.5
)
 
$
1.0

 
$
(76.9
)
Other comprehensive (loss) income before reclassifications
(3.9
)
 
(2.5
)
 
(6.4
)
 
0.8

 
(12.0
)
Amounts reclassified from accumulated other comprehensive loss
2.7

 

 

 
(0.5
)
 
2.2

Net current-period other comprehensive (loss) income
(1.2
)
 
(2.5
)
 
(6.4
)
 
0.3

 
(9.8
)
Impact of adoption of ASU 2018-02 (b)
(10.8
)
 

 

 
0.2

 
(10.6
)
Balance at December 31, 2018
$
(87.4
)
 
$
(2.5
)
 
$
(8.9
)
 
$
1.5

 
$
(97.3
)
(a)
Amounts in parentheses indicate losses.
(b)
In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, that permits entities to reclassify tax effects stranded in accumulated other comprehensive income (loss) as a result of the 2017 Tax Act to retained earnings. Upon adopting ASU 2018-02 during the fourth quarter of 2018, the Company recorded an adjustment to reclassify the stranded tax effects resulting from the 2017 Tax Act. The reclassification adjustment of $10.6 million resulted in an increase of Retained earnings and Accumulated other comprehensive loss on the Company’s Consolidated Balance Sheet.
Reclassifications from Accumulated Other Comprehensive Loss
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, and the affected line item in the Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in Consolidated Statements of Operations (a)
 
2019
 
2018
 
 
 
(in millions) (b)
 
 
Amortization of actuarial losses and prior service costs of defined benefit pension plans
 
$
(3.4
)
 
$
(3.6
)
 
Other expense (income), net
Interest income on interest rate swaps
 
1.0

 
0.6

 
Interest expense
Total before tax
 
(2.4
)
 
(3.0
)
 
 
Income tax benefit
 
0.5

 
0.8

 
Income tax expense
Total reclassifications for the period, net of tax
 
$
(1.9
)
 
$
(2.2
)
 
 
(a)
Continuing operations only.
(b)
Amount in parentheses indicate debits to profit/loss.