XML 38 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Comprehensive (Loss) Earnings
 12 Months Ended
Dec. 31, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive (Loss) Earnings
16. Other Comprehensive (Loss) Earnings

The amounts recognized in other comprehensive (loss) earnings were as follows (in millions):
 
Year Ended
 
December 31, 2015
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation
$
(71.7
)
 
$
—

 
$
(71.7
)
Employee benefit plans
0.2

 
—

 
0.2

Changes in fair value of cash flow hedges
(1.4
)
 
—

 
(1.4
)
Total other comprehensive loss
$
(72.9
)
 
$
—

 
$
(72.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended
 
December 31, 2014
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation
$
(78.6
)
 
$
—

 
$
(78.6
)
Employee benefit plans
(4.4
)
 
0.9

 
(3.5
)
Changes in fair value of cash flow hedges
(0.3
)
 
0.1

 
(0.2
)
Total other comprehensive (loss) earnings
$
(83.3
)
 
$
1.0

 
$
(82.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended
 
December 31, 2013
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
32.6

 
$
—

 
$
32.6

Employee benefit plans
0.2

 
(0.1
)
 
0.1

Total other comprehensive (loss) earnings
$
32.8

 
$
(0.1
)
 
$
32.7

 
 
 
 
 
 


The following tables summarize the changes in balances of each component of accumulated other comprehensive (loss) earnings, net of tax during the years ended December 31, 2015 and 2014 (in millions).
 
 
Cash flow hedges
 
Employee benefit plans
 
Cumulative foreign currency translation adjustments
 
Total
Balance at December 31, 2013
 
$
—

 
$
(7.9
)
 
$
44.4

 
$
36.5

Other comprehensive earnings
 
(0.2
)
 
(3.5
)
 
(78.6
)
 
(82.3
)
Separation-related adjustments
 
—

 
(0.3
)
 
(7.2
)
 
(7.5
)
Balance at December 31, 2014
 
(0.2
)
 
(11.7
)
 
(41.4
)
 
(53.3
)
Other comprehensive loss
 
(1.4
)
 
0.2

 
(71.7
)
 
(72.9
)
Balance at December 31, 2015
 
$
(1.6
)
 
$
(11.5
)
 
$
(113.1
)
 
$
(126.2
)


The amounts amortized from accumulated other comprehensive (loss) earnings to earnings during the years ended December 31, 2015, 2014 and 2013 were as follows (in millions):
 
Years Ended December 31,
 
2015
 
2014
 
2013
Pension & post-retirement benefit plans:
 
 
 
 
 
Amortization or settlement of actuarial losses
$
0.8

 
$
1.4

 
$
0.2

Tax benefit
—

 
(0.4
)
 
(0.1
)
Net of tax
$
0.8

 
$
1.0

 
$
0.1

 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
Net losses (gains) reclassified into earnings
$
—

 
$
—

 
$
0.2

Tax benefit
—

 
—

 
(0.1
)
Net of tax
$
—

 
$
—

 
$
0.1


The Company recognizes net periodic pension cost, which includes amortization of net actuarial losses and prior service costs, in both Selling and administrative expenses and Cost of goods sold, depending on the functional area of the underlying employees included in the plans.