XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Stockholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Equity [Abstract] |
Roll forward of Retained Earnings | The following is a roll forward of retained earnings for the nine months ended September 30, 2016 and 2015:
(in millions) |  | Retained Earnings
Balance at December 31, 2015 |  | $ | 539.5 |
Net loss |  | (352.4 | )
Distribution of MFS |  | 51.2 |
Balance at September 30, 2016 |  | $ | 238.3 |
(in millions) |  | Retained Earnings
Balance at December 31, 2014 |  | $ | 486.9 |
Net income |  | 19.7 |
Balance at September 30, 2015 |  | $ | 506.6 |
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 | )
Other comprehensive income (loss) before reclassifications |  | — |  |  | — |  |  | 5.7 |  |  | 5.7 |
Amounts reclassified from accumulated other comprehensive income |  | 0.2 |  |  | 1.1 |  |  | — |  |  | 1.3 |
Net current period other comprehensive income |  | 0.2 |  |  | 1.1 |  |  | 5.7 |  |  | 7.0 |
Balance at September 30, 2016 |  | $ | — |  |  | $ | (34.6 | ) |  | $ | (81.8 | ) |  | $ | (116.4 | )
(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 | )
Other comprehensive income (loss) before reclassifications |  | (3.2 | ) |  | — |  |  | (18.5 | ) |  | (21.7 | )
Amounts reclassified from accumulated other comprehensive income |  | 2.9 |  |  | 1.4 |  |  | — |  |  | 4.3 |
Net current period other comprehensive (loss) income |  | (0.3 | ) |  | 1.4 |  |  | (18.5 | ) |  | (17.4 | )
Balance at September 30, 2015 |  | $ | (6.4 | ) |  | $ | (90.8 | ) |  | $ | (101.9 | ) |  | $ | (199.1 | )
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 nine months ended September 30, 2016:
|  | Three Months Ended September 30, 2016 |  | Nine Months Ended September 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 |  | $ | (0.2 | ) |  | $ | (1.2 | ) |  | Cost of sales
Interest rate swap contracts: Float-to-fixed |  | — |  |  | (4.3 | ) |  | Interest expense
|  | (0.2 | ) |  | (5.5 | ) |  | Total before tax
|  | — |  |  | 1.1 |  |  | Tax benefit
|  | $ | (0.2 | ) |  | $ | (4.4 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |
Actuarial losses |  | $ | (1.1 | ) |  | $ | (3.5 | ) | (a) |
|  | (1.1 | ) |  | (3.5 | ) |  | Total before tax
|  | — |  |  | — |  |  | Tax benefit
|  | $ | (1.1 | ) |  | $ | (3.5 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (1.3 | ) |  | $ | (7.9 | ) |  | 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).
The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2015:
|  | Three Months Ended September 30, 2015 |  | Nine Months Ended September 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 |  | $ | (2.9 | ) |  | $ | (10.0 | ) |  | Cost of sales
Commodity contracts |  | (1.1 | ) |  | (2.5 | ) |  | Cost of sales
Interest rate swap contracts: Float-to-fixed |  | (0.6 | ) |  | (1.9 | ) |  | Interest Expense
|  | (4.6 | ) |  | (14.4 | ) |  | Total before tax
|  | 1.7 |  |  | 5.4 |  |  | Tax benefit
|  | $ | (2.9 | ) |  | $ | (9.0 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |
Actuarial losses |  | $ | (1.9 | ) |  | $ | (5.8 | ) | (a) |
|  | (1.9 | ) |  | (5.8 | ) |  | Total before tax
|  | 0.5 |  |  | 1.5 |  |  | Tax benefit
|  | $ | (1.4 | ) |  | $ | (4.3 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (4.3 | ) |  | $ | (13.3 | ) |  | 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).

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration