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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2016
Equity [Abstract] |
Roll forward of Retained Earnings | The following is a roll forward of retained earnings for the six months ended June 30, 2016 and 2015:
(in millions) |  | Retained Earnings
Balance at December 31, 2015 |  | $ | 539.5 |
Net loss |  | (212.4 | )
Distribution of MFS |  | 51.2 |
Balance at June 30, 2016 |  | $ | 378.3 |
(in millions) |  | Retained Earnings
Balance at December 31, 2014 |  | $ | 486.9 |
Net income |  | 14.9 |
Balance at June 30, 2015 |  | $ | 501.8 |
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 (loss) income before reclassifications |  | (2.7 | ) |  | — |  |  | 49.2 |  |  | 46.5 |
Amounts reclassified from accumulated other comprehensive income |  | 4.3 |  |  | 1.2 |  |  | — |  |  | 5.5 |
Net current period other comprehensive income |  | 1.6 |  |  | 1.2 |  |  | 49.2 |  |  | 52.0 |
Distribution of MFS |  | 2.1 |  |  | 44.5 |  |  | 2.1 |  |  | 48.7 |
Balance at March 31, 2016 |  | (0.1 | ) |  | (36.9 | ) |  | (70.1 | ) |  | (107.1 | )
Other comprehensive loss before reclassifications |  | — |  |  | — |  |  | (17.4 | ) |  | (17.4 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  | (0.1 | ) |  | 1.2 |  |  | — |  |  | 1.1 |
Net current period other comprehensive (loss) income |  | (0.1 | ) |  | 1.2 |  |  | (17.4 | ) |  | (16.3 | )
Balance at June 30, 2016 |  | $ | (0.2 | ) |  | $ | (35.7 | ) |  | $ | (87.5 | ) |  | $ | (123.4 | )
(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 |  | 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 | )
Other comprehensive income before reclassifications |  | 1.0 |  |  | — |  |  | 8.6 |  |  | 9.6 |
Amounts reclassified from accumulated other comprehensive income |  | 3.3 |  |  | 1.4 |  |  | — |  |  | 4.7 |
Net current period other comprehensive income |  | 4.3 |  |  | 1.4 |  |  | 8.6 |  |  | 14.3 |
Balance at June 30, 2015 |  | $ | (6.1 | ) |  | $ | (92.2 | ) |  | $ | (83.4 | ) |  | $ | (181.7 | )
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 and six months ended June 30, 2016:
|  | Three Months Ended June 30, 2016 |  | Six Months Ended June 30, 2016 |  |
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |  |  |
Commodity contracts |  | $ | 0.1 |  |  | $ | (1.0 | ) |  | Cost of sales
Interest rate swap contracts: Float-to-fixed |  | — |  |  | (4.3 | ) |  | Interest expense
|  | 0.1 |  |  | (5.3 | ) |  | Total before tax
|  | — |  |  | 1.1 |  |  | Tax benefit
|  | $ | 0.1 |  |  | $ | (4.2 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |
Actuarial losses |  | $ | (1.2 | ) |  | $ | (2.4 | ) | (a) |
|  | (1.2 | ) |  | (2.4 | ) |  | Total before tax
|  | — |  |  | — |  |  | Tax benefit
|  | $ | (1.2 | ) |  | $ | (2.4 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (1.1 | ) |  | $ | (6.6 | ) |  | 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 June 30, 2015 |  | Six Months Ended June 30, 2015 |  |
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |  |  |
Foreign exchange contracts |  | $ | (4.0 | ) |  | $ | (7.2 | ) |  | Cost of sales
Commodity contracts |  | (0.7 | ) |  | (1.4 | ) |  | Cost of sales
Interest rate swap contracts: Float-to-fixed |  | (0.6 | ) |  | (1.2 | ) |  | Interest Expense
|  | (5.3 | ) |  | (9.8 | ) |  | Total before tax
|  | 2.0 |  |  | 3.7 |  |  | Tax benefit
|  | $ | (3.3 | ) |  | $ | (6.1 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |
Actuarial losses |  | $ | (1.9 | ) |  | $ | (3.8 | ) | (a) |
|  | (1.9 | ) |  | (3.8 | ) |  | Total before tax
|  | 0.5 |  |  | 1.0 |  |  | Tax benefit
|  | $ | (1.4 | ) |  | $ | (2.8 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (4.7 | ) |  | $ | (8.9 | ) |  | 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).

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