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Reclassifications Out of Accumulated Other Comprehensive Income/(Loss)
6 Months Ended
Jun. 30, 2014
Text Block [Abstract]  
Reclassifications Out of Accumulated Other Comprehensive Income/(Loss)

NOTE 14 – RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

Reclassifications out of accumulated other comprehensive loss for the first six months of 2014 were:

 

(in millions)

Details about AOCL Components

   Amount
Reclassified
from AOCL
   

Affected Line Item in
the Statement where
Net Income is
Presented

Defined benefit pension plan items:

    

Amortization of prior service credit

   $ (0.7   See (1) below

Amortization of actuarial net losses

     2.8      See (1) below
  

 

 

   
     2.1      Total before tax
     (0.5   Income tax expense
  

 

 

   
     1.6      Net of tax
  

 

 

   

Total reclassifications

   $ 1.6      Net of tax
  

 

 

   

 

(1)

These items are included in the computation of net periodic pension cost. See Note 6 for additional information.

Changes in accumulated other comprehensive loss for the first six months of 2014, net of tax, were:

 

(in millions)

   Defined
Benefit
Pension Plan
Items
    Cumulative
Translation
Adjustments
    Total  

Balance at December 31, 2013

   $ (120.2   $ (33.7   $ (153.9
  

 

 

   

 

 

   

 

 

 

Other comprehensive income/(loss) before reclassifications

     0.0        (0.2     (0.2

Amounts reclassified from AOCL

     1.6        0.0        1.6   
  

 

 

   

 

 

   

 

 

 

Total other comprehensive income/(loss)

     1.6        (0.2     1.4   
  

 

 

   

 

 

   

 

 

 

Balance at June 30, 2014

   $ (118.6   $ (33.9   $ (152.5