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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2016
Components of and Changes in Accumulated Other Comprehensive Loss, Net of Tax

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

 

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

Balance at December 31, 2015

   $ (13.3    $ 2.1       $ (41.3    $ (52.5

Amounts classified into accumulated other comprehensive loss

     15.0         (6.8      6.7         14.9   

Amounts reclassified from accumulated other comprehensive loss

     —           1.6         (3.3      (1.7
  

 

 

    

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive income (loss)

     15.0         (5.2      3.4         13.2   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at June 30, 2016

   $ 1.7       $ (3.1    $ (37.9    $ (39.3

 

  (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, 2016 and 2015 were as follows:

 

(In millions)     

Details about Accumulated Other Comprehensive
Loss Components

   Amount Reclassified from
Accumulated Other Comprehensive Loss
Six Months Ended June 30,
    

Affected Line Item in

the Statement of

Comprehensive

Income

     2016      2015       

Gains (losses) on cash flow hedges

        

Foreign exchange contracts

   $ (1.2    $ 2.1      

Cost of products sold

Commodity contracts

     (0.2      (0.1   

Cost of products sold

  

 

 

    

 

 

    
     (1.4      2.0      

Total before tax

     (0.2      (1.0   

Tax expense

  

 

 

    

 

 

    
   $ (1.6    $ 1.0      

Net of tax

Defined benefit plan items

        

Recognition of prior service credits

   $ 6.2       $ 7.0      

(a)

Recognition of actuarial losses

     (0.9      —        

(a)

  

 

 

    

 

 

    
     5.3         7.0      

Total before tax

     (2.0      (2.7   

Tax expense

  

 

 

    

 

 

    
   $ 3.3       $ 4.3      

Net of tax

  

 

 

    

 

 

    

Total reclassifications for the period

   $ 1.7       $ 5.3      

Net of tax

 

(In millions)     

Details about Accumulated Other Comprehensive

Loss Components

   Amount Reclassified from
Accumulated Other Comprehensive Loss
Three Months Ended June 30,
    

Affected Line Item in

the Statement of

Comprehensive

Income

     2016      2015       

Gains (losses) on cash flow hedges

        

Foreign exchange contracts

   $ (1.9    $ 1.1      

Cost of products sold

Commodity contracts

     (0.1      (0.1   

Cost of products sold

  

 

 

    

 

 

    
     (2.0      1.0      

Total before tax

     0.2         (0.5   

Tax expense

  

 

 

    

 

 

    
   $ (1.8    $ 0.5      

Net of tax

Defined benefit plan items

        

Recognition of prior service credits

   $ 3.9       $ 3.5      

(a)

     (1.5      (1.3   

Tax expense

  

 

 

    

 

 

    
   $ 2.4       $ 2.2      

Net of tax

  

 

 

    

 

 

    

Total reclassifications for the period

   $ 0.6       $ 2.7      

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.