XML 51 R41.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Equity [Abstract] |
Details of Comprehensive Income (Loss) | The following table provides details of comprehensive income (loss) for the six months ended June 30, 2017 and 2016:
(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, 2015 |  | $ | (266.0 | ) |  | $ | (564.0 | ) |  | $ | 1.7 |  |  | $ | 8.3 |  |  | $ | (820.0 | )
Other comprehensive income (loss) before reclassifications |  | 0.2 |  |  | 30.5 |  |  | (7.1 | ) |  | (20.6 | ) |  | 3.0 |
Less: amounts reclassified from accumulated other comprehensive income (loss) |  | 3.6 |  |  | (46.0 | ) |  | — |  |  | 15.9 |  |  | (26.5 | )
Net current period other comprehensive income (loss) |  | 3.8 |  |  | (15.5 | ) |  | (7.1 | ) |  | (4.7 | ) |  | (23.5 | )
Balance at June 30, 2016(1) |  | $ | (262.2 | ) |  | $ | (579.5 | ) |  | $ | (5.4 | ) |  | $ | 3.6 |  |  | $ | (843.5 | )
Balance at December 31, 2016 |  | $ | (276.7 | ) |  | $ | (701.9 | ) |  | $ | 21.0 |  |  | $ | 8.5 |  |  | $ | (949.1 | )
Other comprehensive income (loss) before reclassifications |  | 1.8 |  |  | 73.8 |  |  | (44.4 | ) |  | (5.3 | ) |  | 25.9 |
Less: amounts reclassified from accumulated other comprehensive income (loss) |  | 3.5 |  |  | — |  |  | — |  |  | (0.9 | ) |  | 2.6 |
Net current period other comprehensive income (loss) |  | 5.3 |  |  | 73.8 |  |  | (44.4 | ) |  | (6.2 | ) |  | 28.5 |
Balance at June 30, 2017(1) |  | $ | (271.4 | ) |  | $ | (628.1 | ) |  | $ | (23.4 | ) |  | $ | 2.3 |  |  | $ | (920.6 | )
(1) | The ending balance in AOCI includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $(23.3) million as of June 30, 2017 and $(23.3) million as of June 30, 2016.
Detail of Amount Reclassified from Accumulated Other Comprehensive Income | The following table provides detail of amounts reclassified from accumulated other comprehensive income:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
(In millions) |  | 2017(1) |  | 2016(1) |  | 2017(1) |  | 2016(1) |  | Location of Amount Reclassified from AOCI
Defined benefit pension plans and other post-employment benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior service costs |  | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | 0.9 |  |  | $ | 0.6 |  |  | (2)
Actuarial losses |  | (2.7 | ) |  | (2.6 | ) |  | (5.5 | ) |  | (5.4 | ) |  | (2)
Total pre-tax amount |  | (2.3 | ) |  | (2.4 | ) |  | (4.6 | ) |  | (4.8 | ) |  |
Tax (expense) benefit |  | 0.5 |  |  | 0.6 |  |  | 1.1 |  |  | 1.2 |  |  |
Net of tax |  | (1.8 | ) |  | (1.8 | ) |  | (3.5 | ) |  | (3.6 | ) |  |
Reclassification from cumulative translation adjustment: |  |  |  |  |  |  |  |  |  |
Charges related to Venezuelan subsidiaries |  | — |  |  | 46.0 |  |  | — |  |  | 46.0 |  |  | (5)
Net gains (losses) on cash flow hedging derivatives: |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | 1.3 |  |  | (1.5 | ) |  | 1.9 |  |  | 0.2 |  |  | (3)(4) Other income (expense), net
Interest rate and currency swaps |  | 2.8 |  |  | (13.2 | ) |  | (0.9 | ) |  | (24.0 | ) |  | (3)(4)
Treasury locks |  | — |  |  | — |  |  | 0.1 |  |  | 0.1 |  |  | (3) Interest expense
Total pre-tax amount |  | 4.1 |  |  | (14.7 | ) |  | 1.1 |  |  | (23.7 | ) |  |
Tax (expense) benefit |  | (1.5 | ) |  | 4.3 |  |  | (0.2 | ) |  | 7.8 |  |  |
Net of tax |  | 2.6 |  |  | (10.4 | ) |  | 0.9 |  |  | (15.9 | ) |  |
Total reclassifications for the period |  | $ | 0.8 |  |  | $ | 33.8 |  |  | $ | (2.6 | ) |  | $ | 26.5 |  |  |
(1) | Amounts in parenthesis indicate changes to earnings (loss).
(2) | These accumulated other comprehensive components are included in the computation of net periodic benefit costs within cost of sales and selling, general, and administrative expenses on the Condensed Consolidated Statement of Operations.
(3) | These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 11, “Derivatives and Hedging Activities,” of the Notes to Consolidated Financial Statements for additional details.
(4) | Amounts related to the interest rate and currency swaps will be reclassified to earnings from discontinued operations before income tax provision.
(5) | Due to the ongoing challenging economic situation in Venezuela, the Company approved a program in the second quarter of 2016 to cease operations in the country. Refer to the Note 1 "Organization and Basis of Presentation," of the Condensed Consolidated Financial Statement for further details.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration