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COMPREHENSIVE (LOSS) INCOME | 12 Months Ended
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Dec. 31, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
COMPREHENSIVE (LOSS) INCOME | COMPREHENSIVE (LOSS) INCOME AOCI includes foreign currency translation adjustments related to the Company’s foreign subsidiaries, net of the related changes in certain financial instruments hedging these foreign currency investments. In addition, changes in the Company’s fair value of certain derivative financial instruments, pension liability adjustments and prior service costs, net are recorded in AOCI. These changes are recorded in AOCI net of any related tax adjustments. For the years ended December 31, 2019, 2018 and 2017, these tax adjustments were $173.0 million, $157.4 million and $203.8 million, respectively, primarily related to foreign currency translation adjustments. The cumulative foreign currency translation adjustments included translation loss of $260.2 million and translation gain of $172.9 million at December 31, 2019 and 2018, respectively, and which included losses of $108.1 million and $111.8 million, at December 31, 2019 and 2018, respectively, on loans designated as hedges of net investments. Changes in AOCI, net of tax, by component for the years ended December 31, 2019 and 2018 were as follows:
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain and (Loss) on Cash Flow Hedges |  | Gain and (Loss) on Net Investment Hedges |  |  |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2018 |  | $ | (284.7) |  |  | $ | 0.6 |  |  | $ | (111.4) |  |  |  |  | $ | (83.2) |  |  | $ | (478.7) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (87.8) |  |  | (16.9) |  |  | 17.7 |  |  |  |  | (54.7) |  |  | (141.7) |
Tax benefit (expense) |  | 4.2 |  |  | 4.3 |  |  | (7.0) |  |  |  |  | 14.1 |  |  | 15.6 |
Other comprehensive (loss) income, net of tax, before reclassifications |  | $ | (83.6) |  |  | $ | (12.6) |  |  | $ | 10.7 |  |  |  |  | $ | (40.6) |  |  | $ | (126.1) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 1.4 |  |  | — |  |  |  |  | 3.7 |  |  | 5.1 |
Net (decrease) increase in other comprehensive income |  | (83.6) |  |  | (11.2) |  |  | 10.7 |  |  |  |  | (36.9) |  |  | (121.0) |
Balance, net of tax, at December 31, 2019 |  | $ | (368.3) |  |  | $ | (10.6) |  |  | $ | (100.7) |  |  |  |  | $ | (120.1) |  |  | $ | (599.7) |
(in millions) |  | Foreign Currency Translation Gain (Loss) |  | Gain and (Loss) on Cash Flow Hedges |  | Gain and (Loss) on Net Investment Hedges |  | Net Unrealized Holding Gain on Available-for-Sale Securities |  | Pension Liability Gain (Loss) |  | Total
Balance, net of tax, at December 31, 2017 |  | $ | (104.5) |  |  | $ | (12.6) |  |  | $ | (127.6) |  |  | $ | 44.3 |  |  | $ | (90.6) |  |  | $ | (291.0) |
Other comprehensive (loss) income before reclassifications and tax impact |  | (160.1) |  |  | 5.1 |  |  | 36.2 |  |  | — |  |  | 7.7 |  |  | (111.1) |
Tax (expense) benefit |  | (20.1) |  |  | (1.6) |  |  | (20.0) |  |  | — |  |  | (4.7) |  |  | (46.4) |
Other comprehensive (loss) income, net of tax, before reclassifications |  | $ | (180.2) |  |  | $ | 3.5 |  |  | $ | 16.2 |  |  | $ | — |  |  | $ | 3.0 |  |  | $ | (157.5) |
Amounts reclassified from accumulated other comprehensive income, net of tax |  | — |  |  | 9.7 |  |  | — |  |  | (44.3) |  |  | 4.4 |  |  | (30.2) |
Net (decrease) increase in other comprehensive income |  | (180.2) |  |  | 13.2 |  |  | 16.2 |  |  | (44.3) |  |  | 7.4 |  |  | (187.7) |
Balance, net of tax, at December 31, 2018 |  | $ | (284.7) |  |  | $ | 0.6 |  |  | $ | (111.4) |  |  | $ | — |  |  | $ | (83.2) |  |  | $ | (478.7) |
Reclassification out of AOCI to the Consolidated Statements of Operations for the years ended December 31, 2019, 2018, and 2017 were as follows:
Details about AOCI Components |  | Amounts Reclassified from AOCI |  |  |  |  | Affected Line Item in the Consolidated Statements of Operations |  |
|  | Year Ended December 31, |  |  |  |  |  |  |  |
(in millions) |  | 2019 |  | 2018 |  | 2017 |  |  |
(Loss) gain on derivative financial instruments: |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (2.4) |  |  | $ | (2.3) |  |  | $ | (2.3) |  | Interest expense |  |
Foreign exchange forward contracts |  | 1.0 |  |  | (8.9) |  |  | (3.0) |  | Cost of products sold |  |
Net (loss) gain before tax |  | $ | (1.4) |  |  | $ | (11.2) |  |  | $ | (5.3) |  |  |  |
Tax impact |  | — |  |  | 1.5 |  |  | 2.7 |  | Provision (benefit) for income taxes |  |
Net (loss) gain after tax |  | $ | (1.4) |  |  | $ | (9.7) |  |  | $ | (2.6) |  |  |  |
Realized gain on available-for-sale securities: |  |  |  |  |  |  |  |  |
Available -for-sale-securities |  | $ | — |  |  | $ | 45.0 |  |  | $ | — |  | Other expense (income), net |  |
Tax impact |  | — |  |  | (0.7) |  |  | — |  | Provision (benefit) for income taxes |  |
Net gain after tax |  | $ | — |  |  | $ | 44.3 |  |  | $ | — |  |  |  |
Amortization of defined benefit pension and other postemployment benefit items: |  |  |  |  |  |  |  |  |
Amortization of prior service benefits |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.2 |  | (a) |  |
Amortization of net actuarial losses |  | (5.6) |  |  | (6.3) |  |  | (7) |  | (a) |  |
Net loss before tax |  | $ | (5.1) |  |  | $ | (6.1) |  |  | $ | (6.8) |  |  |  |
Tax impact |  | 1.4 |  |  | 1.7 |  |  | 1.9 |  | Provision (benefit) for income taxes |  |
Net loss after tax |  | $ | (3.7) |  |  | $ | (4.4) |  |  | $ | (4.9) |  |  |  |
Total reclassifications for the period |  | $ | (5.1) |  |  | $ | 30.2 |  |  | $ | (7.5) |  |  |  |
(a) These AOCI components are included in the computation of net periodic benefit cost for the years ended December 31, 2019, 2018, and 2017, respectively.

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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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