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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss
10. Accumulated Other Comprehensive Loss

Total accumulated other comprehensive loss 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 loss, net of tax, were as follows:

 

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

Balance at December 31, 2014

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

Amounts classified into accumulated other comprehensive loss

      (19.6 )       2.8         —           (16.8 ) 

Amounts reclassified from accumulated other comprehensive loss

      —           (0.5 )       (2.1 )       (2.6 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive loss

   (19.6 )    2.3      (2.1 )    (19.4 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at March 31, 2015

 $ 11.4    $ 1.7    $ (39.2 )  $ (26.1 ) 

 

  (a)  See Note 11, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.

The reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2015 and 2014 were as follows:

 

(In millions)     

Details about Accumulated Other Comprehensive Loss Components

    Amount Reclassified from
Accumulated Other Comprehensive Loss
Three Months Ended March 31,		      Affected Line Item in
the Statement of
Comprehensive
Income
     2015      2014       

Gains on cash flow hedges

         

Foreign exchange contracts

    $ 1.0       $ 0.7       Cost of products sold
     (0.5 )       (0.1 )     Tax expense
  

 

 

     

 

 

     
$ 0.5    $ 0.6    Net of tax

Defined benefit plan items

Recognition of prior service cost

 $ 3.5    $ 10.6    (a)

Recognition of actuarial losses

   —        (0.6 )  (a)
  

 

 

     

 

 

     
  3.5      10.0    Total before tax
  (1.4 )    (3.8 )  Tax expense
  

 

 

     

 

 

     
$ 2.1    $ 6.2    Net of tax
  

 

 

     

 

 

     

Total reclassifications for the period

 $ 2.6    $ 6.8    Net of tax

 

  (a)  These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. Refer to Note 11, “Defined Benefit Plans,” for additional information.