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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AND OTHER COMPREHENSIVE LOSS | 9 Months Ended
--- | ---
Sep. 30, 2013
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AND OTHER COMPREHENSIVE LOSS |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AND OTHER COMPREHENSIVE LOSS | 13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AND OTHER COMPREHENSIVE 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. Amounts recorded in accumulated other comprehensive income (loss), net of tax, as of September 30, 2013 and December 31, 2012, and changes within the period are as follows:
(In millions) |  | Accrued Pension Benefit Liabilities |  | Foreign Currency Items |  | Derivative Cash Flow Hedges |  | Accumulated Other Comprehensive Income (Loss) |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at December 31, 2012 |  | $ | (48.6 | ) | $ | 26.7 |  | $ | - |  | $ | (21.9 | )
Other comprehensive income (loss) before reclassifications |  |  | 2.1 |  |  | (10.7 | ) |  | (0.7 | ) |  | (9.3 | )
Less: amounts reclassified from accumulated other comprehensive income (loss) |  |  | 1.0 |  |  | - |  |  | - |  |  | 1.0 |
Net current period other comprehensive income (loss) |  |  | 1.1 |  |  | (10.7 | ) |  | (0.7 | ) |  | (10.3 | )
Balance at September 30, 2013 |  | $ | (47.5 | ) | $ | 16.0 |  | $ | (0.7 | ) | $ | (32.2 | )
Other comprehensive income (loss) is derived from adjustments to reflect the unrealized gain (loss) on derivatives, changes in pension liabilities adjustment and changes in foreign currency translation adjustments. The components of other comprehensive income (loss) for the three and nine month periods ended September 30, 2013 and 2012 are as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
--- | --- | --- | --- | --- | --- | ---
(In millions) |  | 2013 |  | 2012 |  | 2013 |  | 2012 |  | Affected Line Items on the Condensed Consolidated Statements of Income
Change in foreign currency translation adjustment: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currency translation adjustments |  | $ | 10.2 |  | $ | 14.6 |  | $ | (16.4 | ) | $ | 12.8 |  |
Tax expense (benefit) |  |  | 3.2 |  |  | 6.9 |  |  | (5.7 | ) |  | 6.1 |  | Provision for income taxes
Change in foreign currency translation adjustment, net of tax |  | $ | 7.0 |  | $ | 7.7 |  | $ | (10.7 | ) | $ | 6.7 |  |
Unrealized gain (loss) on derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity hedge contracts |  | $ | - |  | $ | - |  | $ | - |  | $ | 0.7 |  | Cost of sales
Interest rate swaps |  |  | (0.3 | ) |  | - |  |  | (1.1 | ) |  | - |  | Cost of sales
Pre-tax amount |  |  | (0.3 | ) |  | - |  |  | (1.1 | ) |  | 0.7 |  |
Tax expense (benefit) |  |  | (0.4 | ) |  | - |  |  | (0.4 | ) |  | 0.3 |  | Provision for income taxes
Change in unrealized gain (loss) on derivatives, net of tax |  | $ | 0.1 |  | $ | - |  | $ | (0.7 | ) | $ | 0.4 |  |
Change in pension liability adjustment: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjustments to pension liabilities |  | $ | 0.5 |  | $ | 0.4 |  | $ | 1.6 |  | $ | 1.3 |  | Cost of sales/selling, general and administrative expenses
Tax expense |  |  | 0.2 |  |  | 0.1 |  |  | 0.5 |  |  | 0.4 |  | Provision for income taxes
Pension liability adjustment, net of tax |  | $ | 0.3 |  | $ | 0.3 |  | $ | 1.1 |  | $ | 0.9 |  |
Other comprehensive income (loss), before income taxes |  | $ | 10.4 |  | $ | 15.0 |  | $ | (15.9 | ) | $ | 14.8 |  |
Total tax expense (benefit) for the period |  |  | 3.0 |  |  | 7.0 |  |  | (5.6 | ) |  | 6.8 |  | Provision for income taxes
Other comprehensive income (loss), net of tax |  | $ | 7.4 |  | $ | 8.0 |  | $ | (10.3 | ) | $ | 8.0 |  |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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