v2.4.0.8

ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS | 3 Months Ended
--- | ---
Mar. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS |
ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS | 13. ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Income Accumulated other comprehensive income includes: i) adjustments to pension and OPEB liabilities; ii) foreign currency translation of assets and liabilities of foreign subsidiaries and the effects of exchange rate changes on intercompany balances of a long-term nature; iii) equity investee's other comprehensive income items; and iv) unrealized gains and losses on derivative financial instruments designated as cash flow hedges. As of March 31, 2014 and December 31, 2013, there were no derivative financial instruments classified as cash flow hedges. Amounts recorded in accumulated other comprehensive income, net of tax, as of March 31, 2014 and December 31, 2013, and changes within the period are as follows:
(In millions) |  | Accrued Pension Benefit Liabilities |  | Foreign Currency Items |  | Equity Investee's Other Comprehensive Loss |  | Accumulated Other Comprehensive Income |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at December 31, 2013 |  | $ | 60.5 |  | $ | 6.7 |  | $ | (0.9 | ) | $ | 66.3 |
Other comprehensive loss before reclassifications |  |  | - |  |  | (11.6 | ) |  | (0.2 | ) |  | (11.8 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | (1.5 | ) |  | - |  |  | - |  |  | (1.5 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net current period other comprehensive loss |  |  | (1.5 | ) |  | (11.6 | ) |  | (0.2 | ) |  | (13.3 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at March 31, 2014 |  | $ | 59.0 |  | $ | (4.9 | ) | $ | (1.1 | ) | $ | 53.0 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other Comprehensive Loss Other comprehensive loss is derived from adjustments to reflect the unrealized gain (loss) on derivatives, changes in pension and OPEB liabilities adjustment, changes in equity investee's other comprehensive income and changes in foreign currency translation adjustments. The components of other comprehensive loss for the three month periods ended March 31, 2014 and 2013 are as follows:
|  | Three Months Ended March 31, |
--- | --- | --- | ---
(In millions) |  | 2014 |  | 2013 |
Change in pension and OPEB liability adjustments: |  |  |  |  |  |  |
Pension and OPEB liability adjustments |  | ​$ | (2.4 | ) | ​$ | 0.5 |
Tax expense (benefit) |  |  | (0.9 | ) |  | 0.1 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pension and OPEB liability adjustments, net of tax |  | ​$ | (1.5 | ) | ​$ | 0.4 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Change in foreign currency translation adjustment: |  |  |  |  |  |  |
Foreign currency translation loss |  | $ | (24.5 | ) | $ | (11.5 | )
Tax benefit |  |  | (9.3 | ) |  | (3.4 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency translation adjustment, net of tax |  | $ | (15.2 | ) | $ | (8.1 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized loss on derivatives: |  |  |  |  |  |  |
Equity interest in investee's other comprehensive loss |  | ​$ | (0.3 | ) | ​$ | - |
Tax benefit |  |  | (0.1 | ) |  | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity interest in investee's other comprehensive loss, net of tax |  | ​$ | (0.2 | ) | ​$ | - |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive loss, before income taxes |  | ​$ | (27.2 | ) | ​$ | (11.0 | )
Total tax benefit for the period |  |  | (10.3 | ) |  | (3.3 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive loss, net of tax |  | ​$ | (16.9 | ) | ​$ | (7.7 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The components of other comprehensive loss that have been reclassified during the three month periods ended March 31, 2014 and 2013 are as follows:
|  | Three Months Ended March 31, |  |
--- | --- | --- | --- | ---
|  | Affected Line Items on the Unaudited Condensed Consolidated Statements of Operations
(In millions) |  | 2014 |  | 2013
Details about other comprehensive loss components: |  |  |  |  |  |  |  |
Change in pension and OPEB liability adjustments: |  |  |  |  |  |  |  |
Amortization of actuarial loss (gain) and prior service credit (1) |  | $ | (2.4 | ) | $ | 0.5 |  | Cost of sales and selling, general and administrative expenses
Tax expense (benefit) |  |  | (0.9 | ) |  | 0.1 |  | Provision for income taxes
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications for the period, net of tax |  | $ | (1.5 | ) | $ | 0.4 |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) These other comprehensive income components are included in the computation of net periodic benefit income (expense). See Note 11 to the unaudited condensed consolidated financial statements for additional details.

X
- Details
Name: | us-gaap_ComprehensiveIncomeNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration