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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2013
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other Comprehensive Income (Loss)
The following tables present the pre-tax, tax, and after-tax components of Grace's other comprehensive income (loss) for the years ended December 31, 2013, 2012, and 2011:
Year Ended December 31, 2013
(In millions)
Pre-Tax
Amount
 
Tax
Benefit/
(Expense)
 
After-Tax
Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service cost included in net periodic benefit cost
$
0.7

 
$
(0.2
)
 
$
0.5

Amortization of net deferred actuarial loss included in net periodic benefit cost
0.4

 
(0.1
)
 
0.3

Net prior service credit arising during period
1.7

 
(0.6
)
 
1.1

Net deferred actuarial gain arising during period
4.3

 
(1.6
)
 
2.7

Benefit plans, net
7.1

 
(2.5
)
 
4.6

Currency translation adjustments
(23.6
)
 
—

 
(23.6
)
Loss from hedging activities
(0.3
)
 
0.1

 
(0.2
)
Gain on securities available for sale
0.1

 
—

 
0.1

Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(16.7
)
 
$
(2.4
)
 
$
(19.1
)

Year Ended December 31, 2012
(In millions)
Pre-Tax
Amount
 
Tax
Benefit/
(Expense)
 
After-Tax
Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service cost included in net periodic benefit cost
$
0.8

 
$
(0.3
)
 
$
0.5

Amortization of net deferred actuarial loss included in net periodic benefit cost
0.6

 
(0.2
)
 
0.4

Net deferred actuarial gain arising during period
2.1

 
(0.7
)
 
1.4

Benefit plans, net
3.5

 
(1.2
)
 
2.3

Currency translation adjustments
5.5

 
—

 
5.5

Gain from hedging activities
3.7

 
(1.3
)
 
2.4

Other comprehensive income attributable to W. R. Grace & Co. shareholders
$
12.7

 
$
(2.5
)
 
$
10.2


Year Ended December 31, 2011
(In millions)
Pre-Tax
Amount
 
Tax
Benefit/
(Expense)
 
After-Tax
Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service cost included in net periodic benefit cost
$
1.1

 
$
(0.4
)
 
$
0.7

Amortization of net deferred actuarial loss included in net periodic benefit cost
0.6

 
(0.2
)
 
0.4

Net prior service credit arising during period
0.4

 
(0.1
)
 
0.3

Net deferred actuarial gain arising during period
7.3

 
(2.5
)
 
4.8

Benefit plans, net
9.4

 
(3.2
)
 
6.2

Currency translation adjustments
(11.3
)
 
—

 
(11.3
)
Loss from hedging activities
(3.2
)
 
1.1

 
(2.1
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(5.1
)
 
$
(2.1
)
 
$
(7.2
)

The following tables present the changes in accumulated other comprehensive income, net of tax, for the years ended December 31, 2013, 2012, and 2011:
Year Ended December 31, 2013
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Gains and Losses from Hedging Activities
 
Unrealized Loss on Investment
 
Gain on Securities Available for Sale
 
Total
Beginning balance
$
2.0

 
$
28.8

 
$
(0.3
)
 
$
(0.8
)
 
$
—

 
$
29.7

Other comprehensive income (loss) before reclassifications
3.8

 
(23.6
)
 
1.2

 
—

 
0.1

 
(18.5
)
Amounts reclassified from accumulated other comprehensive income
0.8

 
—

 
(1.4
)
 
—

 
—

 
(0.6
)
Net current-period other comprehensive income (loss)
4.6

 
(23.6
)
 
(0.2
)
 
—

 
0.1

 
(19.1
)
Ending balance
$
6.6

 
$
5.2

 
$
(0.5
)
 
$
(0.8
)
 
$
0.1

 
$
10.6


Year Ended December 31, 2012
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Gains and Losses from Hedging Activities
 
Unrealized Loss on Investment
 
Total
Beginning balance
$
(0.3
)
 
$
23.3

 
$
(2.7
)
 
$
(0.8
)
 
$
19.5

Other comprehensive income (loss) before reclassifications
1.4

 
5.5

 
(0.3
)
 
—

 
6.6

Amounts reclassified from accumulated other comprehensive income
0.9

 
—

 
2.7

 
—

 
3.6

Net current-period other comprehensive income
2.3

 
5.5

 
2.4

 
—

 
10.2

Ending balance
$
2.0

 
$
28.8

 
$
(0.3
)
 
$
(0.8
)
 
$
29.7


Year Ended December 31, 2011
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Gains and Losses from Hedging Activities
 
Unrealized Loss on Investment
 
Total
Beginning balance
$
(6.5
)
 
$
34.6

 
$
(0.6
)
 
$
(0.8
)
 
$
26.7

Other comprehensive income (loss) before reclassifications
5.1

 
(11.3
)
 
(3.9
)
 
—

 
(10.1
)
Amounts reclassified from accumulated other comprehensive income
1.1

 
—

 
1.8

 
—

 
2.9

Net current-period other comprehensive income (loss)
6.2

 
(11.3
)
 
(2.1
)
 
—

 
(7.2
)
Ending balance
$
(0.3
)
 
$
23.3

 
$
(2.7
)
 
$
(0.8
)
 
$
19.5


Accumulated other comprehensive income related to the defined benefit pension and other postretirement plans at December 31, 2013, 2012, and 2011, respectively, represents the accumulation of net deferred actuarial gains of $6.3 million, $3.3 million, and $1.5 million as well as net prior service credits (costs) of $0.3 million, $(1.3) million, and $(1.8) million. These amounts are net of tax and are amortized as a component of net periodic benefit cost.
Grace is a global enterprise operating in over 40 countries with local currency generally deemed to be the functional currency for accounting purposes. The currency translation amount represents the adjustments necessary to translate the balance sheets valued in local currencies to the U.S. dollar as of the end of each period presented, and to translate revenues and expenses at average exchange rates for each period presented.
See Note 9 for a discussion of hedging activities.