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Accumulated Other Comprehensive (Loss) Income
 12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive (Loss) Income

12.    Accumulated Other Comprehensive (Loss) Income

The reclassifications out of accumulated other comprehensive (loss) income for the year ended December 31, 2014 and 2013 were as follows:

 

     
(In millions)            
       

Details about Accumulated Other

Comprehensive Income Components

           

Affected Line Item in the

Consolidated Statements of Income

       
      2014      2013       
Cumulative translation adjustments:    $ 1.5         —       

Gains (losses) on cash flow hedges:

        

Foreign exchange contracts

    $ 0.5       $ 2.3      Cost of products sold
     (0.4 )       —      Other (expense) income, net

Commodity contracts

      —         (0.3 )    Cost of products sold
     0.1         2.0      Total before tax
       (0.1 )       (0.7 )    Tax expense
     $ —       $ 1.3      Net of tax

Defined benefit plan items:

        

Amortization of prior service cost

    $ 27.5       $ 27.3       (a)

Recognition of actuarial losses

      (13.7 )       (5.2 )    (a)

Curtailment and settlement losses

      —         (0.2 )    (a)
     13.8         21.9      Total before tax
       (5.2 )       (8.4 )    Tax expense
   $ 8.6       $ 13.5      Net of tax

Total reclassifications for the period

    $ 10.1       $ 14.8      Net of tax

 

(a) 

These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost. Refer to Note 14, “Defined Benefit Plans,” for additional information.

 

Total accumulated other comprehensive (loss) income consists of net income (loss) 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 (loss) income were as follows:

 

         
(In millions)    Foreign
Currency
Adjustments		    

Derivative

Hedging

Gain

    

Defined

Benefit

Plan

Adjustments

      Accumulated
Other
Comprehensive
(Loss) Income		  

Balance at December 31, 2011

    $ 55.1      $ 0.5      $ (45.0 )     $ 10.6   

Changes during year

      8.4        (0.3 )      11.9         20.0   

Balance at December 31, 2012

      63.5        0.2        (33.1 )       30.6   

Amounts classified into accumulated other comprehensive income

      (10.2 )      2.0        87.8         79.6   

Amounts reclassified from accumulated other comprehensive income into earnings

      —        (1.3 )      (13.5 )       (14.8 ) 

Net current period other comprehensive (loss) income

      (10.2 )      0.7        74.3         64.8   

Balance at December 31, 2013

      53.3        0.9        41.2         95.4   

Amounts classified into accumulated other comprehensive income

      (20.8 )      (1.5 )      (69.7 )       (92.0 ) 

Amounts reclassified from accumulated other comprehensive income into earnings

      (1.5 )      —        (8.6 )       (10.1 ) 

Net current period other comprehensive (loss) income

      (22.3 )      (1.5 )      (78.3 )       (102.1 ) 

Balance at December 31, 2014

    $ 31.0      $ (0.6 )    $ (37.1 )     $ (6.7 )