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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 19 Accumulated Other Comprehensive Income (Loss)

The following table provides details of comprehensive income (loss):

 

(In millions)

 

Unrecognized

Pension Items

 

 

Cumulative

Translation

Adjustment

 

 

Unrecognized Gains

(Losses) on

Derivative

Instruments for net

investment hedge

 

 

Unrecognized Gains

(Losses) on

Derivative

Instruments for

cash flow hedge

 

 

Accumulated Other

Comprehensive Income

(Loss), Net of Taxes

 

Balance at December 31, 2013 (1)

 

$

(143.3

)

 

$

(137.7

)

 

$

—

 

 

$

3.6

 

 

$

(277.4

)

Other comprehensive income (loss) before

   reclassifications

 

 

(115.5

)

 

 

(232.2

)

 

 

—

 

 

 

12.9

 

 

 

(334.8

)

Less: amounts reclassified from accumulated

   other comprehensive income (loss)

 

 

8.7

 

 

 

—

 

 

 

—

 

 

 

(10.3

)

 

 

(1.6

)

Net current period other comprehensive

   income (loss)

 

 

(106.8

)

 

 

(232.2

)

 

 

—

 

 

 

2.6

 

 

 

(336.4

)

Balance at December 31, 2014(1)(2)

 

 

(250.1

)

 

 

(369.9

)

 

 

—

 

 

 

6.2

 

 

 

(613.8

)

Other comprehensive income (loss) before

   reclassifications

 

 

(22.8

)

 

 

(194.1

)

 

 

1.7

 

 

 

33.2

 

 

 

(182.0

)

Less: amounts reclassified from accumulated

   other comprehensive income (loss)

 

 

6.9

 

 

 

—

 

 

 

—

 

 

 

(31.1

)

 

 

(24.2

)

Net current period other comprehensive

   income (loss)

 

 

(15.9

)

 

 

(194.1

)

 

 

1.7

 

 

 

2.1

 

 

 

(206.2

)

Balance at December 31, 2015(1)(2)

 

$

(266.0

)

 

$

(564.0

)

 

$

1.7

 

 

$

8.3

 

 

$

(820.0

)

 

  

(1)

For the years ended December 31, 2014 and December 31, 2013, certain foreign currency translation adjustments were misclassified within Accumulated Other Comprehensive Loss (“AOCI”) on the Consolidated Balance Sheet.  Refer Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.

(2)

The ending balance in AOCI includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $31.1 million as of December 31, 2015 and $58.9 million as of December 31, 2014.

The following table provides detail of amounts reclassified from accumulated other comprehensive income:

 

(In millions)

 

2015 (a)

 

 

2014 (a)

 

 

2013

 

 

Location of Amount

Reclassified from

AOCI

Defined benefit pension plans and other post-

   employment benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service costs

 

$

0.7

 

 

$

0.5

 

 

$

0.3

 

 

(b)

Actuarial losses

 

 

(11.1

)

 

 

(10.0

)

 

 

(10.4

)

 

(b)

Settlement/curtailment gain/(loss)

 

 

1.2

 

 

 

(2.1

)

 

 

—

 

 

(b)

Total pre-tax amount

 

 

(9.2

)

 

 

(11.6

)

 

 

(10.1

)

 

 

Tax (expense) benefit

 

 

2.3

 

 

 

2.9

 

 

 

3.4

 

 

 

Net of tax

 

 

(6.9

)

 

 

(8.7

)

 

 

(6.7

)

 

 

Net gains (losses) on cash flow hedging

   derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

 

9.6

 

 

 

1.9

 

 

 

2.7

 

 

(c) Other income, net

Interest rate and currency swaps

 

 

36.9

 

 

 

13.5

 

 

 

—

 

 

(c) Various

Treasury locks

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

(c) Interest expense

Total pre-tax amount

 

 

46.6

 

 

 

15.5

 

 

 

2.8

 

 

 

Tax (expense) benefit

 

 

(15.5

)

 

 

(5.2

)

 

 

(0.7

)

 

 

Net of tax

 

 

31.1

 

 

 

10.3

 

 

 

2.1

 

 

 

Total reclassifications for the period

 

$

24.2

 

 

$

1.6

 

 

$

(4.6

)

 

 

 

  

(a)

Amounts in parenthesis indicate debits to earnings (loss).

(b)

These accumulated other comprehensive components are included in the computation of net periodic benefit costs.  See Notes 14, “Profit Sharing, Retirement Savings Plans and Defined Benefit Pension Plans” and Note 15, “Other Post-Employment Benefits and Other Employee Benefit Plans” for additional details.

(c)

These accumulated other comprehensive components are included in our derivative and hedging activities.  See Note 12, “Derivatives and Hedging Activities” for additional details.