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ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)  
ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

13. ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive loss includes foreign currency translation of assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature, unrealized gains and losses on derivative financial instruments designated as cash flow hedges and adjustments to pension liabilities. There were no outstanding derivative financial instruments as of March 31, 2013 or December 31, 2012. Amounts recorded in accumulated other comprehensive loss, net of tax, as of March 31, 2013 and December 31, 2012, and changes within the period are as follows:

(In millions)
  Accrued
Pension Benefit
Liability		   Foreign
Currency
Items		   Accumulated
Other
Comprehensive
Loss		  

Balance at December 31, 2012

   $ (48.6 ) $ 26.7   $ (21.9 )
               

 

                    

Other comprehensive income (loss) before reclassifications            

     0.7     (8.1 )   (7.4 )

Less: amounts reclassified from accumulated other comprehensive income into net income

     0.3     -     0.3  
               

Net current period other comprehensive income (loss)

     0.4     (8.1 )   (7.7 )
               

 

                    
               

Balance at March 31, 2013

   $ (48.2 ) $ 18.6   $ (29.6 )
               

Other comprehensive income (loss) is derived from adjustments to reflect the unrealized loss on derivatives, change in pension liability adjustment and change in foreign currency translation adjustment. The components of other comprehensive income (loss) for the three months ended March 31, 2013 and 2012 are as follows:

 
   Three Months Ended March 31, 2012    
 
   Affected Line Items on the Condensed
Consolidated Statements of Operations
(In millions)
  2013   2012

Change in foreign currency translation adjustment:

                

Currency translation adjustments

   $ (11.5 ) $ 7.0    

Tax expense (benefit)

     (3.4 )   3.5   Provision for income taxes
             

Change in foreign currency translation adjustment, net of tax              

   $ (8.1 ) $ 3.5    
             

 

                

Unrealized gain on derivatives:

                

Natural gas hedge contracts

   $ -       $ (1.4 ) Cost of sales

Tax expense (benefit)

     -         (0.5 ) Provision for income taxes
             

Change in unrealized gain on derivatives, net of tax

   $ -       $ (0.9 )  
             

                

Change in pension liability adjustment:

                

Adjustments to pension liabilities

  
$
0.5		  
$
0.4		   Cost of sales/selling, general
    and administrative expenses

Tax expense (benefit)

     0.1     0.1   Provision for income taxes
             

Pension liability adjustment, net of tax

   $ 0.4   $ 0.3    
             

 

                

Other comprehensive income (loss), before income taxes

   $ (11.0 ) $ 6.0    

Total tax expense (benefit) for the period

     (3.3 )   3.1   Provision for income taxes
             

Other comprehensive income (loss), net of tax

   $ (7.7 ) $ 2.9