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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2014
Accumulated Other Comprehensive Income
15. Accumulated Other Comprehensive Income

Total accumulated other comprehensive income consists of net income and other changes in business equity from transactions and other events from sources other than shareholders. It includes currency translation gains and losses, unrealized gains and losses from derivative instruments designated as cash flow hedges, and defined benefit plan adjustments. The components of and changes in accumulated other comprehensive income, net of tax, were as follows:

 

(In millions)    Foreign
Currency
Adjustments		     Derivative
Hedging
Gains		     Defined
Benefit Plan
Adjustments		     Accumulated
Other
Comprehensive
Income		  

Balance at December 31, 2013

    $ 53.3      $ 0.9      $ 41.2      $ 95.4   

Amounts classified into accumulated other comprehensive income

      (9.8 )      (0.2 )      9.2 (a)      (0.8 ) 

Amounts reclassified from accumulated other comprehensive income

      —          (0.6 )      (6.2 )      (6.8 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net current-period other comprehensive income

      (9.8 )      (0.8 )      3.0        (7.6 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 31, 2014

    $ 43.5      $ 0.1      $ 44.2      $ 87.8   

 

  (a)  See Note 9, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.

The reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2014 and 2013 were as follows:

 

(In millions)     

Details about Accumulated Other

Comprehensive Income Components

    Amount Reclassified from
Accumulated Other Comprehensive Income
Three Months Ended March 31,		     Affected Line Item in
the Statement of
Comprehensive Income
     2014     2013      

Gains on cash flow hedges

       

Foreign exchange contracts

    $ 0.7      $ 0.4      Cost of products sold
     (0.1 )      (0.1 )    Tax expense
  

 

 

    

 

 

    
   $ 0.6      $ 0.3      Net of tax

Defined benefit plan items

       

Recognition of prior service cost

    $ 10.6      $ 7.0      (a)

Recognition of actuarial losses

      (0.6 )      (4.6 )    (a)
  

 

 

    

 

 

    
     10.0        2.4      Total before tax
     (3.8 )      (1.1 )    Tax expense
  

 

 

    

 

 

    
   $ 6.2      $ 1.3      Net of tax
  

 

 

    

 

 

    

Total reclassifications for the period

    $ 6.8      $ 1.6      Net of tax

 

  (a)  These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. Refer to Note 9, “Defined Benefit Plans,” for additional information.