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Accumulated Other Comprehensive (Loss) Income
 12 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive (Loss) Income
12.    Accumulated Other Comprehensive (Loss) Income
The reclassifications out of accumulated other comprehensive (loss) income for the years ended December 31, 2018 and 2017 were as follows:
 
 
 
 
(In millions)
 
 
 
 
 
 
 
 
 
Details about Accumulated Other Comprehensive
Income Components
 
 
 
 
Affected Line Item in the
Consolidated Statements of Income
 
 
 
    
 
 
2018
 
 
2017
 
 
 
Gains (losses) on cash flow hedges
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
2.2
 
 
$
0.4
 
 
Cost of products sold
Interest rate contracts
 
 
0.1
 
 
 
—
 
 
Other income, net
Commodity contracts
 
 
(0.2
) 
 
 
0.5
 
 
Cost of products sold
 
 
 
2.1
 
 
 
0.9
 
 
Total before tax
 
 
 
(0.4
) 
 
 
(0.1
) 
 
Tax expense
 
 
$
1.7
 
 
$
0.8
 
 
Net of tax
Defined benefit plan items
 
 
 
 
 
 
 
 
 
 
Recognition of prior service cost
 
$
—
 
 
$
5.1
 
 
(a)
Recognition of actuarial (losses) gains
 
 
(3.8
) 
 
 
0.5
 
 
(a)
 
 
 
(3.8
) 
 
 
5.6
 
 
Total before tax
 
 
 
0.8
 
 
 
(2.0
) 
 
Tax expense
 
 
$
(3.0
) 
 
$
3.6
 
 
Net of tax
Total reclassifications for the period
 
$
(1.3
) 
 
$
4.4
 
 
Net of tax
 
(a)
These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost. Refer to Note 15, “Defined Benefit Plans,” for additional information.
 
Total accumulated other comprehensive (loss) income 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 
after-tax
 components of and changes in accumulated other comprehensive (loss) income were as follows:
 
     
(In millions)
 
Foreign
Currency
Adjustments
 
 
Derivative
Hedging
Gain
(Loss)
 
 
Defined
Benefit
Plan
Adjustments
 
 
Accumulated
Other
Comprehensive
(Loss) Income
 
Balance at December 31, 2015
 
$
(13.3
) 
 
$
2.1
 
 
$
(41.3
) 
 
$
(52.5
) 
Amounts classified into accumulated other comprehensive (loss) income
 
 
(14.7
) 
 
 
(6.2
) 
 
 
5.3
 
 
 
(15.6
) 
Amounts reclassified from accumulated other comprehensive (loss) income into earnings
 
 
—
 
 
 
3.5
 
 
 
(7.3
) 
 
 
(3.8
) 
Net current period other comprehensive (loss) income
 
 
(14.7
) 
 
 
(2.7
) 
 
 
(2.0
) 
 
 
(19.4
) 
Balance at December 31, 2016
 
$
(28.0
) 
 
$
(0.6
) 
 
$
(43.3
) 
 
$
(71.9
) 
Amounts classified into accumulated other comprehensive (loss) income
 
 
33.8
 
 
 
(1.0
) 
 
 
4.3
 
 
 
37.1
 
Amounts reclassified from accumulated other comprehensive (loss) income into earnings
 
 
—
 
 
 
(0.8
) 
 
 
(3.6
) 
 
 
(4.4
) 
Net current period other comprehensive (loss) income
 
 
33.8
 
 
 
(1.8
) 
 
 
0.7
 
 
 
32.7
 
Balance at December 31, 2017
 
$
5.8
 
 
$
(2.4
) 
 
$
(42.6
) 
 
$
(39.2
) 
Amounts classified into accumulated other comprehensive (loss) income
 
 
(31.1
) 
 
 
8.3
 
 
 
(6.3
) 
 
 
(29.1
) 
Amounts reclassified into earnings
 
 
—
 
 
 
(1.7
) 
 
 
3.0
 
 
 
1.3
 
Net current period other comprehensive (loss) income
 
 
(31.1
) 
 
 
6.6
 
 
 
(3.3
) 
 
 
(27.8
) 
Balance at December 31, 2018
 
$
(25.3
) 
 
$
4.2
 
 
$
(45.9
) 
 
$
(67.0
)