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Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Net earnings available to common stockholders | $ 486.4 | $ 335.4 | [1],[2] | $ 258.1 | [1],[2],[3]
Other comprehensive income (loss), net of taxes: |  |  |  |  |
Recognition of deferred pension items, net of taxes of $2.4 for 2016, $5.4 for 2015 and $36.0 for 2014 | (10.7) | (15.9) |  | (106.8) |
Foreign currency translation adjustments, net of tax of $(19.8) million for 2016, $16.9 million for 2015, $6.6 million in 2014 | (137.9) | (194.1) |  | (232.2) |
Other comprehensive (loss), net of taxes | (129.1) | (206.2) |  | (336.4) |
Comprehensive income (loss), net of taxes | 357.3 | 129.2 |  | (78.3) |
Net Investment Hedge [Member] |  |  |  |  |
Other comprehensive income (loss), net of taxes: |  |  |  |  |
Unrealized losses on derivative instruments, net of taxes | 19.3 | 1.7 |  |  |
Cash Flow Hedge [Member] |  |  |  |  |
Other comprehensive income (loss), net of taxes: |  |  |  |  |
Unrealized losses on derivative instruments, net of taxes | $ 0.2 | $ 2.1 |  | $ 2.6 |
[1] | Certain amounts related to external payment terms were misclassified in the Consolidated Balance Sheet as of December 31, 2015 and 2014. The revision of this item resulted in a decrease in accounts payable and an increase in short-term borrowings in each year. Additionally, due to changes in the accounting treatment of a factoring agreement the Company reclassified amounts from cash and cash equivalents to other receivables for the years ended December 31, 2015 and 2014. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[2] | During the first quarter of 2015, the Company received the tax refund of $235.2 million related to the Settlement agreement payment. During the first quarter of 2014, we used $929.7 million of cash to fund the cash portion of the Settlement agreement and related accrued interest. We recorded an excess tax benefit of $46.2 million as an out-of-period adjustment in December 2015 and $37.7 million in December 2014 related to the 18 million shares of Common Stock issued in connection with the Settlement agreement. See Note 16 “Income Taxes” of the Notes to Consolidated Financial Statements for further discussion of the out-of-period adjustment.
[3] | Interest payments in 2014 include $416.6 million related to the Settlement agreement.

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