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Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Tabular disclosure of pre-tax, tax, and after-tax components of 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 three and six months ended June 30, 2014 and 2013:
Three Months Ended June 30, 2014
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net gain due to postretirement plan changes
$
41.9

 
$
(14.7
)
 
$
27.2

Gain on termination of postretirement plans
(7.9
)
 
2.8

 
(5.1
)
Amortization of net prior service credit included in net periodic benefit cost
(0.2
)
 
—

 
(0.2
)
Amortization of net deferred actuarial gain included in net periodic benefit cost
(0.1
)
 
0.1

 
—

Benefit plans, net
33.7

 
(11.8
)
 
21.9

Currency translation adjustments
7.3

 
—

 
7.3

Loss from hedging activities
(3.7
)
 
1.3

 
(2.4
)
Loss on securities available for sale
(0.9
)
 
0.3

 
(0.6
)
Other comprehensive income attributable to W. R. Grace & Co. shareholders
$
36.4

 
$
(10.2
)
 
$
26.2

Six Months Ended June 30, 2014
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net gain due to postretirement plan changes
$
41.9

 
$
(14.7
)
 
$
27.2

Gain on termination of postretirement plans
(7.9
)
 
2.8

 
(5.1
)
Amortization of net prior service credit included in net periodic benefit cost
(0.1
)
 
—

 
(0.1
)
Amortization of net deferred actuarial gain included in net periodic benefit cost
(0.3
)
 
0.1

 
(0.2
)
Benefit plans, net
33.6

 
(11.8
)
 
21.8

Currency translation adjustments
5.2

 
—

 
5.2

Loss from hedging activities
(2.6
)
 
0.9

 
(1.7
)
Loss on securities available for sale
(0.8
)
 
0.3

 
(0.5
)
Other comprehensive income attributable to W. R. Grace & Co. shareholders
$
35.4

 
$
(10.6
)
 
$
24.8

Three Months Ended June 30, 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
$
0.2

 
$
—

 
$
0.2

Amortization of net deferred actuarial loss included in net periodic benefit cost
0.1

 
—

 
0.1

Other changes in funded status
4.4

 
(1.6
)
 
2.8

Benefit plans, net
4.7

 
(1.6
)
 
3.1

Currency translation adjustments
(16.9
)
 
—

 
(16.9
)
Loss from hedging activities
(1.3
)
 
0.5

 
(0.8
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(13.5
)
 
$
(1.1
)
 
$
(14.6
)
Six Months Ended June 30, 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
$
0.4

 
$
(0.1
)
 
$
0.3

Amortization of net deferred actuarial loss included in net periodic benefit cost
0.2

 
(0.1
)
 
0.1

Other changes in funded status
4.4

 
(1.6
)
 
2.8

Benefit plans, net
5.0

 
(1.8
)
 
3.2

Currency translation adjustments
(23.3
)
 
—

 
(23.3
)
Loss from hedging activities
(0.7
)
 
0.3

 
(0.4
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(19.0
)
 
$
(1.5
)
 
$
(20.5
)
Schedule of components of accumulated other comprehensive loss
The following tables present the changes in accumulated other comprehensive income, net of tax, for the six months ended June 30, 2014 and 2013:
Six Months Ended June 30, 2014
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Gains and Losses from Hedging Activities
 
Unrealized Loss on Investment
 
Gain (Loss) on Securities Available for Sale
 
Total
Beginning balance
$
6.6

 
$
5.2

 
$
(0.5
)
 
$
(0.8
)
 
$
0.1

 
$
10.6

Other comprehensive income (loss) before reclassifications
27.2

 
5.2

 
(1.7
)
 
—

 
(0.5
)
 
30.2

Amounts reclassified from accumulated other comprehensive income
(5.4
)
 
—

 
—

 
—

 
—

 
(5.4
)
Net current-period other comprehensive income (loss)
21.8

 
5.2

 
(1.7
)
 
—

 
(0.5
)
 
24.8

Ending balance
$
28.4

 
$
10.4

 
$
(2.2
)
 
$
(0.8
)
 
$
(0.4
)
 
$
35.4

Six Months Ended June 30, 2013
(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
$
2.0

 
$
28.8

 
$
(0.3
)
 
$
(0.8
)
 
$
29.7

Other comprehensive income (loss) before reclassifications
2.8

 
(23.3
)
 
0.3

 
—

 
(20.2
)
Amounts reclassified from accumulated other comprehensive income
0.4

 
—

 
(0.7
)
 
—

 
(0.3
)
Net current-period other comprehensive income (loss)
3.2

 
(23.3
)
 
(0.4
)
 
—

 
(20.5
)
Ending balance
$
5.2

 
$
5.5

 
$
(0.7
)
 
$
(0.8
)
 
$
9.2