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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Components of and Changes in Accumulated Other Comprehensive Loss

The components of and changes in accumulated other comprehensive loss, net of tax, were as follows:

 

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

Balance at December 31, 2014

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

Amounts classified into accumulated other comprehensive loss

      (13.7 )       1.2         —           (12.5 ) 

Amounts reclassified from accumulated other comprehensive loss

      —           (1.0 )       (4.3 )       (5.3 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive loss

      (13.7 )       0.2         (4.3 )       (17.8 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at June 30, 2015

    $ 17.3       $ (0.4 )     $ (41.4 )     $ (24.5 ) 

 

(a) See Note 11, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.
Reclassifications Out of Accumulated Other Comprehensive Loss

The reclassifications out of accumulated other comprehensive loss for the six and three months ended June 30, 2015 and 2014 were as follows:

 

(In millions)    Amount Reclassified from
Accumulated Other
Comprehensive Loss
Six Months Ended
June 30,		     

Affected Line Item in the
Statement of
Comprehensive Income

Details about Accumulated Other Comprehensive Loss Components

    2015      2014     

Gains on cash flow hedges

         

Foreign exchange contracts

    $ 2.1       $ 0.6       Cost of products sold

Commodity contracts

      (0.1 )       —         Cost of products sold
  

 

 

     

 

 

     
  2.0      0.6    Total before tax
  (1.0 )    (0.1 )  Tax expense
  

 

 

     

 

 

     
$ 1.0    $ 0.5    Net of tax

Defined benefit plan items

Recognition of prior service credits

 $ 7.0    $ 17.6    (a)

Recognition of actuarial losses

   —        (0.6 )  (a)
  

 

 

     

 

 

     
  7.0      17.0    Total before tax
  (2.7 )    (6.4 )  Tax expense
  

 

 

     

 

 

     
$ 4.3    $ 10.6    Net of tax
  

 

 

     

 

 

     

Total reclassifications for the period

 $ 5.3    $ 11.1    Net of tax

 

(In millions)    Amount Reclassified from
Accumulated Other
Comprehensive Loss
Three Months Ended
June 30,		     

Affected Line Item in the
Statement of
Comprehensive Income

Details about Accumulated Other Comprehensive Loss Components

    2015      2014     

Gains (losses) on cash flow hedges

         

Foreign exchange contracts

    $ 1.1       $ (0.1 )     Cost of products sold

Commodity contracts

      (0.1 )       —         Cost of products sold
  

 

 

     

 

 

     
  1.0      (0.1 )  Total before tax
  (0.5 )    —      Tax expense
  

 

 

     

 

 

     
$ 0.5    $ (0.1 )  Net of tax

Defined benefit plan items

Recognition of prior service credits

 $ 3.5    $ 7.0    (a)
  (1.3 )    (2.6 )  Tax expense
  

 

 

     

 

 

     
$ 2.2    $ 4.4    Net of tax
  

 

 

     

 

 

     

Total reclassifications for the period

 $ 2.7    $ 4.3    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.