v3.3.0.814

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS) | 9 Months Ended
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Sep. 30, 2015
Comprehensive Income Net Of Tax [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS) |
14. | ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated Other Comprehensive Loss Accumulated other comprehensive loss includes: (i) 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; (ii) unrealized gains or losses on derivative financial instruments designated as cash flow hedges; (iii) equity investee’s other comprehensive income or loss items; and (iv) adjustments to pension and OPEB plan liabilities. Amounts recorded in accumulated other comprehensive loss, net of tax, as of September 30, 2015 and December 31, 2014, and changes within those periods are as follows:
(In millions) |  | Foreign Currency Items |  |  | Derivative Cash Flow Hedges |  |  | Accrued Pension and OPEB Plan Liabilities |  |  | Accumulated Other Comprehensive Loss
Balance at January 1, 2015 |  | $ | (20.4 | ) |  | $ | (8.3 | ) |  | $ | (45.0 | ) |  | $ | (73.7 | ) |
Other comprehensive income (loss) before reclassifications |  |  | (57.0 | ) |  |  | 13.0 |  |  |  | 22.4 |  |  |  | (21.6 | ) |
Amounts reclassified from accumulated other comprehensive loss, net of tax |  |  | - |  |  |  | (6.0 | ) |  |  | (3.1 | ) |  |  | (9.1 | ) |
Net current period other comprehensive income (loss) |  |  | (57.0 | ) |  |  | 7.0 |  |  |  | 19.3 |  |  |  | (30.7 | ) |
Balance at September 30, 2015 |  | $ | (77.4 | ) |  | $ | (1.3 | ) |  | $ | (25.7 | ) |  | $ | (104.4 | ) |
Other Comprehensive Loss Other comprehensive loss is derived from adjustments to reflect: (i) changes in foreign currency translation adjustments; (ii) the unrealized gains or losses on derivative financial instruments designated as cash flow hedges; (iii) changes in equity investee’s other comprehensive income or loss; and (iv) adjustments to pension and OPEB plan liabilities. The components of other comprehensive loss for the three and nine month periods ended September 30, 2015 and 2014 are as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Change in foreign currency translation adjustment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | $ | (46.3 | ) |  | $ | (27.4 | ) |  | $ | (69.6 | ) |  | $ | (29.3 | )
Tax benefit |  |  | (6.9 | ) |  |  | (10.8 | ) |  |  | (8.8 | ) |  |  | (11.4 | )
Foreign currency translation adjustments, net of tax |  | $ | (39.4 | ) |  | $ | (16.6 | ) |  | $ | (60.8 | ) |  | $ | (17.9 | )
Change in derivative cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity hedge contracts |  | $ | 0.2 |  |  | $ | 1.8 |  |  | $ | 7.3 |  |  | $ | 1.7 |
Equity interest in investee's other comprehensive income (loss) |  |  | - |  |  |  | (0.4 | ) |  |  | 3.9 |  |  |  | (0.9 | )
Pre-tax amount |  |  | 0.2 |  |  |  | 1.4 |  |  |  | 11.2 |  |  |  | 0.8 |
Tax expense |  |  | 0.1 |  |  |  | 0.5 |  |  |  | 4.2 |  |  |  | 0.3 |
Derivative cash flow hedges, net of tax |  | $ | 0.1 |  |  | $ | 0.9 |  |  | $ | 7.0 |  |  | $ | 0.5 |
Change in pension and OPEB liability adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of actuarial gain (loss) and prior service credit |  | $ | (1.8 | ) |  | $ | (2.3 | ) |  | $ | (5.0 | ) |  | $ | (7.1 | )
Other pension and OPEB plan adjustments |  |  | 35.7 |  |  |  | - |  |  |  | 36.1 |  |  |  | - |
Pre-tax amount |  |  | 33.9 |  |  |  | (2.3 | ) |  |  | 31.1 |  |  |  | (7.1 | )
Tax expense (benefit) |  |  | 12.7 |  |  |  | (0.9 | ) |  |  | 11.8 |  |  |  | (2.7 | )
Pension and OPEB liability adjustments, net of tax |  | $ | 21.2 |  |  | $ | (1.4 | ) |  | $ | 19.3 |  |  | $ | (4.4 | )
Other comprehensive loss, before income taxes |  | $ | (12.2 | ) |  | $ | (28.3 | ) |  | $ | (27.3 | ) |  | $ | (35.6 | )
Tax expense (benefit) for the period |  |  | 5.9 |  |  |  | (11.2 | ) |  |  | 7.2 |  |  |  | (13.8 | )
Other comprehensive loss, net of tax |  | $ | (18.1 | ) |  | $ | (17.1 | ) |  | $ | (34.5 | ) |  | $ | (21.8 | )
The components of other comprehensive loss that have been reclassified during the three and nine month periods ended September 30, 2015 and 2014 are as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |  |  | Affected Line Items on the Unaudited Condensed Consolidated
(In millions) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | Statements of Operations
Details about other comprehensive loss components: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in derivative cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on derivative cash flow hedges |  | $ | (1.0 | ) |  | $ | - |  |  | $ | (9.7 | ) |  | $ | - |  |  | Cost of sales
Tax benefit |  |  | (0.4 | ) |  |  | - |  |  |  | (3.7 | ) |  |  | - |  |  | Provision for income taxes
Reclassifications for the period, net of tax | $ | (0.6 | ) |  | $ | - |  |  | $ | (6.0 | ) |  | $ | - |  |  |
Change in pension and OPEB liability adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of actuarial gain (loss) and prior service credit | $ | (1.8 | ) |  | $ | (2.3 | ) |  | $ | (5.0 | ) |  | $ | (7.1 | ) |  | Cost of sales and selling, general and administrative expenses
Tax benefit |  |  | (0.7 | ) |  |  | (0.9 | ) |  |  | (1.9 | ) |  |  | (2.7 | ) |  | Provision for income taxes
Reclassifications for the period, net of tax | $ | (1.1 | ) |  | $ | (1.4 | ) |  | $ | (3.1 | ) |  | $ | (4.4 | ) |  |

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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 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: 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=36458714&loc=SL7669619-108580 Reference 3: 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=36458714&loc=d3e640-108580 Reference 4: 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=36458714&loc=d3e716-108580 Reference 5: 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=36458714&loc=d3e709-108580 Reference 6: 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 7: 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=36458714&loc=d3e637-108580 Reference 8: 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=36458714&loc=d3e681-108580 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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