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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2017
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)    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

      11.4        (3.9 )       7.2        14.7  

Amounts reclassified from accumulated other comprehensive loss

      —          (0.2 )       (0.9 )       (1.1 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive income (loss)

      11.4        (4.1 )       6.3        13.6  
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at March 31, 2016

    $ (1.9 )     $ (2.0 )     $ (35.0 )     $ (38.9 ) 

Balance at December 31, 2016

    $ (28.0 )     $ (0.6 )     $ (43.3 )     $ (71.9 ) 

Amounts classified into accumulated other comprehensive loss

      6.8        1.6        —          8.4  

Amounts reclassified from accumulated other comprehensive (income) loss

      —          0.6        (1.8 )       (1.2 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive income (loss)

      6.8        2.2        (1.8 )       7.2  
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at March 31, 2017

    $ (21.2 )     $ 1.6      $ (45.1 )     $ (64.7 ) 

 

  (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, 2017 and 2016 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		  
    2017     2016        

Gains on cash flow hedges

      

Foreign exchange contracts

   $ (0.6 )    $ 0.6       Cost of products sold  
    —         (0.4 )      Tax expense  
 

 

 

    

 

 

    
  $ (0.6 )    $ 0.2       Net of tax  

Defined benefit plan items

      

Recognition of prior service credits

   $ 3.0     $ 2.3       (a)  

Recognition of actuarial losses

     —         (0.9 )      (a)  
 

 

 

    

 

 

    
    3.0       1.4       Total before tax  
    (1.2 )      (0.5 )      Tax expense  
 

 

 

    

 

 

    
  $ 1.8     $ 0.9       Net of tax  
 

 

 

    

 

 

    

Total reclassifications for the period

   $ 1.2     $ 1.1       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.