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Accumulated Other Comprehensive (Loss) Income | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Accumulated Other Comprehensive (Loss) Income |
10. | Accumulated Other Comprehensive (Loss) Income
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 for the nine and three months ended September 30, 2019 and 2018 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, 2017 |  | $ | 5.8 |  |  | $ | (2.4 | ) |  | $ | (42.6 | ) |  | $ | (39.2 | )
Amounts classified into accumulated other comprehensive (loss) income |  |  | (9.5 | ) |  |  | 6.2 |  |  |  | (3.0 | ) |  |  | (6.3 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | — |  |  |  | (0.4 | ) |  |  | 0.2 |  |  |  | (0.2 | )
Net current-period other comprehensive (loss) income |  |  | (9.5 | ) |  |  | 5.8 |  |  |  | (2.8 | ) |  |  | (6.5 | )
Balance at September 30, 2018 |  | $ | (3.7 | ) |  | $ | 3.4 |  |  | $ | (45.4 | ) |  | $ | (45.7 | )
Balance at December 31, 2018 |  | $ | (25.3 | ) |  | $ | 4.2 |  |  | $ | (45.9 | ) |  | $ | (67.0 | )
Amounts classified into accumulated other comprehensive (loss) income |  |  | 1.1 |  |  |  | 3.0 |  |  |  | (2.8 | ) |  |  | 1.3 |
Adoption of ASU 2018-02(b) |  |  | — |  |  |  | — |  |  |  | (8.6 | ) |  |  | (8.6 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | — |  |  |  | (2.8 | ) |  |  | 1.6 |  |  |  | (1.2 | )
Net current-period other comprehensive (loss) income |  |  | 1.1 |  |  |  | 0.2 |  |  |  | (9.8 | ) |  |  | (8.5 | )
Balance at September 30, 2019 |  | $ | (24.2 | ) |  | $ | 4.4 |  |  | $ | (55.7 | ) |  | $ | (75.5 | )
| (a) | See Note 12, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.
| (b) | See Note 2, “Recently Issued Accounting Standards,” for further information on the impact of adopting ASU 2018-02.
(In millions) |  | Foreign Currency Adjustments |  |  | Derivative Hedging Gain (Loss) |  |  | Defined Benefit Plan Adjustments(a) |  |  | Accumulated Other Comprehensive Loss |
Balance at June 30, 2018 |  | $ | (11.3 | ) |  | $ | 0.5 |  |  | $ | (42.4 | ) |  | $ | (53.2 | )
Amounts classified into accumulated other comprehensive (loss) income |  |  | 7.6 |  |  |  | 3.3 |  |  |  | (3.2 | ) |  |  | 7.7 |
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | — |  |  |  | (0.4 | ) |  |  | 0.2 |  |  |  | (0.2 | )
Net current-period other comprehensive (loss) income |  |  | 7.6 |  |  |  | 2.9 |  |  |  | (3.0 | ) |  |  | 7.5 |
Balance at September 30, 2018 |  | $ | (3.7 | ) |  | $ | 3.4 |  |  | $ | (45.4 | ) |  | $ | (45.7 | )
Balance at June 30, 2019 |  | $ | (11.6 | ) |  | $ | 2.0 |  |  | $ | (54.5 | ) |  | $ | (64.1 | )
Amounts classified into accumulated other comprehensive (loss) income |  |  | (12.6 | ) |  |  | 2.7 |  |  |  | (2.8 | ) |  |  | (12.7 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | — |  |  |  | (0.3 | ) |  |  | 1.6 |  |  |  | 1.3 |
Net current-period other comprehensive (loss) income |  |  | (12.6 | ) |  |  | 2.4 |  |  |  | (1.2 | ) |  |  | (11.4 | )
Balance at September 30, 2019 |  | $ | (24.2 | ) |  | $ | 4.4 |  |  | $ | (55.7 | ) |  | $ | (75.5 | )
| (a) | See Note 12, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.
10. | Accumulated Other Comprehensive (Loss) Income (Continued)
The reclassifications out of accumulated other comprehensive loss for the nine and three months ended September 30, 2019 and 2018 were as follows:
(In millions)
Details about Accumulated Other Comprehensive Loss Components |  | Amount Reclassified from Accumulated Other Comprehensive Loss Nine months ended September 30, |  |  | Affected Line Item in the Statement of Comprehensive Income
|  | 2019 |  |  | 2018 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 3.2 |  |  | $ | 0.8 |  |  | Cost of products sold
Commodity contracts |  |  | (0.2 | ) |  |  | (0.3 | ) |  | Cost of products sold
Interest rate contracts |  |  | 0.3 |  |  |  | — |  |  | Interest expense
|  |  | 3.3 |  |  |  | 0.5 |  |  | Total before tax
|  |  | (0.5 | ) |  |  | (0.1 | ) |  | Tax expense
|  | $ | 2.8 |  |  | $ | 0.4 |  |  | Net of tax
Defined benefit plan items |  |  |  |  |  |  |  |  |  |
Recognition of actuarial losses |  | $ | (2.1 | ) |  | $ | (0.3 | ) |  | (a)
|  |  | (2.1 | ) |  |  | (0.3 | ) |  | Total before tax
|  |  | 0.5 |  |  |  | 0.1 |  |  | Tax expense
|  | $ | (1.6 | ) |  | $ | (0.2 | ) |  | Net of tax
Total reclassifications for the period |  | $ | 1.2 |  |  | $ | 0.2 |  |  | Net of tax
(In millions)
Details about Accumulated Other Comprehensive Loss Components |  | Amount Reclassified from Accumulated Other Comprehensive Loss Three Months Ended September 30, |  |  | Affected Line Item in the Statement of Comprehensive Income
|  | 2019 |  |  | 2018 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 0.4 |  |  | $ | 0.8 |  |  | Cost of products sold
Commodity contracts |  |  | (0.2 | ) |  |  | (0.3 | ) |  | Cost of products sold
Interest rate contracts |  |  | 0.1 |  |  |  | — |  |  | Interest expense
|  |  | 0.3 |  |  |  | 0.5 |  |  | Total before tax
|  |  | — |  |  |  | (0.1 | ) |  | Tax expense
|  | $ | 0.3 |  |  | $ | 0.4 |  |  | Net of tax
Defined benefit plan items |  |  |  |  |  |  |  |  |  |
Recognition of actuarial losses |  |  | (2.1 | ) |  |  | (0.3 | ) |  | (a)
|  |  | (2.1 | ) |  |  | (0.3 | ) |  | Total before tax
|  |  | 0.5 |  |  |  | 0.1 |  |  | Tax expense
|  | $ | (1.6 | ) |  | $ | (0.2 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (1.3 | ) |  | $ | 0.2 |  |  | Net of tax
| (a) | These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. Refer to Note 12, “Defined Benefit Plans,” for additional information.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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