Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

The following is a roll forward of retained earnings for the three months ended March 31, 2016 and 2015:



(in millions)	Retained Earnings
Balance at December 31, 2015	$	539.5
Net loss	(204.0		)
Distribution of MFS	50.8
Balance at March 31, 2016	$	386.3



(in millions)	Retained Earnings
Balance at December 31, 2014	$	486.9
Net loss	(8.4		)
Balance at March 31, 2015	$	478.5

Components of accumulated other comprehensive income



(in millions)	Gains and Losses on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2015	$	(3.8	)	$	(82.6	)	$	(121.4	)	$	(207.8	)
Other comprehensive income (loss) before reclassifications	(1.7		)	—			49.2			47.5
Amounts reclassified from accumulated other comprehensive income (loss)	0.8			1.2			—			2.0
Net current period other comprehensive income (loss)	(0.9		)	1.2			49.2			49.5
Distribution of MFS	2.1			44.5			2.1			48.7
Balance at March 31, 2016	$	(2.6	)	$	(36.9	)	$	(70.1	)	$	(109.6	)



(in millions)	Gains and Losses on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2014	$	(6.3	)	$	(95.0	)	$	(29.2	)	$	(130.5	)
Other comprehensive loss before reclassifications	(6.9		)	—			(62.8		)	(69.7		)
Amounts reclassified from accumulated other comprehensive income (loss)	2.8			1.4			—			4.2
Net current period other comprehensive (loss) income	(4.1		)	1.4			(62.8		)	(65.5		)
Balance at March 31, 2015	$	(10.4	)	$	(93.6	)	$	(92.0	)	$	(196.0	)

Reclassification out of accumulated other comprehensive income

The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2016:



	Three Months Ended March 31, 2016
(in millions)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Recognized Location
Gains and losses on cash flow hedges
Commodity contracts	$	(1.1	)		Cost of sales
	(1.1		)		Total before tax
	0.3				Tax benefit
	$	(0.8	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(1.2	)	(a)
	(1.2		)		Total before tax
	—				Tax benefit
	$	(1.2	)		Net of Tax

Total reclassifications for the period	$	(2.0	)		Net of Tax
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).



	Three Months Ended March 31, 2015
(in millions)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Recognized Location
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(3.2	)		Cost of sales
Commodity contracts	(0.7		)		Cost of sales
Interest rate swap contracts: Float-to-fixed	(0.6		)		Interest Expense
	(4.5		)		Total before tax
	1.7				Tax benefit
	$	(2.8	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(1.9	)	(a)
	(1.9		)		Total before tax
	0.5				Tax benefit
	$	(1.4	)		Net of Tax

Total reclassifications for the period	$	(4.2	)		Net of Tax
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).