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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2017
Equity [Abstract] |
Roll forward of Retained Earnings | The following is a roll forward of retained earnings for the three months ended March 31, 2017 and 2016:
(in millions) |  | Retained Earnings
Balance at December 31, 2016 |  | $ | 247.3 |
Net loss |  | (36.0 | )
Balance at March 31, 2017 |  | $ | 211.3 |
(in millions) |  | Retained Earnings
Balance at December 31, 2015 |  | $ | 562.3 |
Net income |  | (195.9 | )
Distribution of MFS |  | 51.8 |
Balance at March 31, 2016 |  | $ | 418.2 |
Reconciliation of accumulated other comprehensive loss | A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended March 31, 2017 and March 31, 2016 is as follows:
(in millions) |  | Gains and Losses on Cash Flow Hedges |  | Pension & Postretirement |  | Foreign Currency Translation |  | Total
Balance at December 31, 2016 |  | $ | (0.3 | ) |  | $ | (51.8 | ) |  | $ | (110.8 | ) |  | $ | (162.9 | )
Other comprehensive income before reclassifications |  | 0.3 |  |  | — |  |  | 10.1 |  |  | 10.4 |
Amounts reclassified from accumulated other comprehensive loss |  | 0.2 |  |  | 0.6 |  |  | — |  |  | 0.8 |
Net current period other comprehensive income |  | 0.5 |  |  | 0.6 |  |  | 10.1 |  |  | 11.2 |
Balance at March 31, 2017 |  | $ | 0.2 |  |  | $ | (51.2 | ) |  | $ | (100.7 | ) |  | $ | (151.7 | )
(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 | ) |  | — |  |  | 20.3 |  |  | 17.6 |
Amounts reclassified from accumulated other comprehensive loss |  | 4.3 |  |  | 1.2 |  |  | — |  |  | 5.5 |
Net current period other comprehensive income |  | 1.6 |  |  | 1.2 |  |  | 20.3 |  |  | 23.1 |
Distribution of MFS |  | 2.1 |  |  | 44.5 |  |  | 31.0 |  |  | 77.6 |
Balance at March 31, 2016 |  | $ | (0.1 | ) |  | $ | (36.9 | ) |  | $ | (70.1 | ) |  | $ | (107.1 | )
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 months ended March 31, 2017:
|  | Three Months Ended March 31, 2017 |  |
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |
Foreign exchange contracts |  | $ | (0.2 | ) |  | Cost of sales
|  | (0.2 | ) |  | Total before tax
|  | — |  |  | Tax expense
|  | $ | (0.2 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |
Actuarial losses |  | $ | (1.3 | ) | (a) |
Prior service cost |  | 0.3 |  |  |
|  | (1.0 | ) |  | Total before tax
|  | 0.4 |  |  | Tax expense
|  | $ | (0.6 | ) |  | Net of tax
Total reclassifications for the period |  | $ | (0.8 | ) |  | 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 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
Interest rate swap contracts: Float-to-fixed |  | (4.3 | ) |  | Interest Expense
|  | (5.4 | ) |  | Total before tax
|  | 1.1 |  |  | Tax expense
|  | $ | (4.3 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |
Actuarial losses |  | $ | (1.2 | ) | (a) |
|  | (1.2 | ) |  | Total before tax
|  | — |  |  | Tax expense
|  | $ | (1.2 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (5.5 | ) |  | 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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