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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2018
Equity [Abstract] |
Roll forward of Retained Earnings | The following is a roll forward of retained earnings for the nine months ended September 30, 2018:
($ in millions) |  | Retained Earnings |
Balance at December 31, 2017 |  | $ | 256.7 |
Net income |  |  | 11.2 |
Balance at September 30, 2018 |  | $ | 267.9 |
Reconciliation of accumulated other comprehensive loss | A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the nine months ended September 30, 2018 and 2017 is as follows:
($ in millions) |  | Gains and Losses on Cash Flow Hedges |  |  | Pension & Postretirement |  |  | Foreign Currency Translation |  |  | Total |
Balance at December 31, 2017 |  | $ | 0.1 |  |  | $ | (45.1 | ) |  | $ | (52.4 | ) |  | $ | (97.4 | )
Other comprehensive income before reclassifications |  |  | — |  |  |  | 0.1 |  |  |  | 11.4 |  |  |  | 11.5 |
Amounts reclassified from accumulated other comprehensive loss |  |  | — |  |  |  | 0.6 |  |  |  | — |  |  |  | 0.6 |
Net other comprehensive income |  |  | — |  |  |  | 0.7 |  |  |  | 11.4 |  |  |  | 12.1 |
Balance at March 31, 2018 |  |  | 0.1 |  |  |  | (44.4 | ) |  |  | (41.0 | ) |  |  | (85.3 | )
Other comprehensive loss before reclassifications |  |  | (3.6 | ) |  |  | (0.1 | ) |  |  | (26.8 | ) |  |  | (30.5 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | 0.3 |  |  |  | 0.8 |  |  |  | — |  |  |  | 1.1 |
Net other comprehensive income (loss) |  |  | (3.3 | ) |  |  | 0.7 |  |  |  | (26.8 | ) |  |  | (29.4 | )
Balance at June 30, 2018 |  |  | (3.2 | ) |  |  | (43.7 | ) |  |  | (67.8 | ) |  |  | (114.7 | )
Other comprehensive income before reclassifications |  |  | (1.2 | ) |  |  | (0.2 | ) |  |  | (7.1 | ) |  |  | (8.5 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | 2.5 |  |  |  | 4.4 |  |  |  | — |  |  |  | 6.9 |
Net other comprehensive income |  |  | 1.3 |  |  |  | 4.2 |  |  |  | (7.1 | ) |  |  | (1.6 | )
Balance at September 30, 2018 |  | $ | (1.9 | ) |  | $ | (39.5 | ) |  | $ | (74.9 | ) |  | $ | (116.3 | )
($ 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 other comprehensive income |  |  | 0.5 |  |  |  | 0.6 |  |  |  | 10.1 |  |  |  | 11.2 |
Balance at March 31, 2017 |  |  | 0.2 |  |  |  | (51.2 | ) |  |  | (100.7 | ) |  |  | (151.7 | )
Other comprehensive income before reclassifications |  |  | — |  |  |  | — |  |  |  | 23.1 |  |  |  | 23.1 |
Amounts reclassified from accumulated other comprehensive loss |  |  | 0.1 |  |  |  | 0.5 |  |  |  | — |  |  |  | 0.6 |
Net other comprehensive income |  |  | 0.1 |  |  |  | 0.5 |  |  |  | 23.1 |  |  |  | 23.7 |
Balance at June 30, 2017 |  |  | 0.3 |  |  |  | (50.7 | ) |  |  | (77.6 | ) |  |  | (128.0 | )
Other comprehensive income before reclassifications |  |  | — |  |  |  | 8.0 |  |  |  | 14.2 |  |  |  | 22.2 |
Amounts reclassified from accumulated other comprehensive loss |  |  | — |  |  |  | (2.3 | ) |  |  | — |  |  |  | (2.3 | )
Net other comprehensive income |  |  | — |  |  |  | 5.7 |  |  |  | 14.2 |  |  |  | 19.9 |
Balance at September 30, 2017 |  | $ | 0.3 |  |  | $ | (45.0 | ) |  | $ | (63.4 | ) |  | $ | (108.1 | )
Reconciliation of reclassifications out of accumulated other comprehensive income (loss), net of tax | 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, 2018:
|  | Three Months Ended September 30, 2018 |  |  | Nine Months Ended September 30, 2018 |  |  |  |
($ 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 currency contracts |  | $ | (2.5 | ) |  | $ | (2.8 | ) |  |  | Cost of sales
|  |  | (2.5 | ) |  |  | (2.8 | ) |  |  | Total before tax
|  |  | — |  |  |  | — |  |  |  | Tax expense
|  | $ | (2.5 | ) |  | $ | (2.8 | ) |  |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |  |  |  |  |  |
Actuarial losses |  | $ | (1.4 | ) |  | $ | (4.2 | ) | (a) |  | Other income (expense) - net
Prior service cost |  |  | 0.7 |  |  |  | 2.1 |  | (a) |  | Other income (expense) - net
Pension settlement charge |  |  | (4.5 | ) |  |  | (4.5 | ) | (a) |  | Other income (expense) - net
|  |  | (5.2 | ) |  |  | (6.6 | ) |  |  | Total before tax
|  |  | 0.8 |  |  |  | 0.8 |  |  |  | Tax benefit
|  | $ | (4.4 | ) |  | $ | (5.8 | ) |  |  | Net of tax
Total reclassifications for the period |  | $ | (6.9 | ) |  | $ | (8.6 | ) |  |  | Net of tax
(a) | These accumulated other comprehensive income (loss) components are components 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, 2017:
|  | Three Months Ended September 30, 2017 |  |  | Nine Months Ended September 30, 2017 |  |  |
($ 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 |  | $ | — |  |  | $ | (0.3 | ) |  | Cost of sales
|  |  | — |  |  |  | (0.3 | ) |  | Total before tax
|  |  | — |  |  |  | — |  |  | Tax expense
|  | $ | — |  |  | $ | (0.3 | ) |  | Net of tax
Amortization of pension and postretirement items |  |  |  |  |  |  |  |  |  |
Actuarial losses |  | $ | (1.3 | ) |  | $ | (3.9 | ) | (a) | Other income (expense) - net
Prior service cost |  | $ | 0.3 |  |  | $ | 1.0 |  | (a) | Other income (expense) - net
|  |  | (1.0 | ) |  |  | (2.9 | ) |  | Total before tax
|  |  | 3.3 |  |  |  | 4.1 |  |  | Tax benefit
|  | $ | 2.3 |  |  | $ | 1.2 |  |  | Net of Tax
Total reclassifications for the period |  | $ | 2.3 |  |  | $ | 0.9 |  |  | Net of Tax
(a) | These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).

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