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Other Comprehensive Income
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Other Comprehensive Income
The following tables present the pre-tax, tax, and after-tax components of Grace's other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014:
Three Months Ended September 30, 2015
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net prior service credit arising during period
$
1.1

 
$
(0.4
)
 
$
0.7

Net deferred actuarial gain arising during period
0.1

 
—

 
0.1

Gain on curtailment of postretirement plans
(4.5
)
 
1.6

 
(2.9
)
Amortization of net prior service credit included in net periodic benefit cost
(0.8
)
 
0.2

 
(0.6
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.2

 
(0.1
)
 
0.1

Benefit plans, net
(3.9
)
 
1.3

 
(2.6
)
Currency translation adjustments
(32.8
)
 
—

 
(32.8
)
Loss from hedging activities
(2.1
)
 
0.7

 
(1.4
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(38.8
)
 
$
2.0

 
$
(36.8
)
Nine Months Ended September 30, 2015
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net prior service credit arising during period
$
1.1

 
$
(0.4
)
 
$
0.7

Net deferred actuarial gain arising during period
0.1

 
—

 
0.1

Gain on curtailment of postretirement plans
(4.5
)
 
1.6

 
(2.9
)
Amortization of net prior service credit included in net periodic benefit cost
(2.6
)
 
0.9

 
(1.7
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.5

 
(0.2
)
 
0.3

Other changes in funded status
(0.4
)
 
0.1

 
(0.3
)
Benefit plans, net
(5.8
)
 
2.0

 
(3.8
)
Currency translation adjustments
(44.3
)
 
—

 
(44.3
)
Loss from hedging activities
(2.5
)
 
0.8

 
(1.7
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(52.6
)
 
$
2.8

 
$
(49.8
)
Three Months Ended September 30, 2014
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Gain on termination of postretirement plans
$
(23.7
)
 
$
5.5

 
$
(18.2
)
Amortization of net prior service credit included in net periodic benefit cost
(0.8
)
 
0.3

 
(0.5
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.2

 
(0.1
)
 
0.1

Benefit plans, net
(24.3
)
 
5.7

 
(18.6
)
Currency translation adjustments
(12.7
)
 
—

 
(12.7
)
Gain from hedging activities
1.1

 
(0.4
)
 
0.7

Other than temporary impairment of investment
0.8

 
—

 
0.8

Gain on securities available for sale
0.7

 
(0.3
)
 
0.4

Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(34.4
)
 
$
5.0

 
$
(29.4
)
Nine Months Ended September 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
(31.6
)
 
8.3

 
(23.3
)
Amortization of net prior service credit included in net periodic benefit cost
(0.9
)
 
0.3

 
(0.6
)
Amortization of net deferred actuarial gain included in net periodic benefit cost
(0.1
)
 
—

 
(0.1
)
Benefit plans, net
9.3

 
(6.1
)
 
3.2

Currency translation adjustments
(7.5
)
 
—

 
(7.5
)
Loss from hedging activities
(1.5
)
 
0.5

 
(1.0
)
Other than temporary impairment of investment
0.8

 
—

 
0.8

Loss on securities available for sale
(0.1
)
 
—

 
(0.1
)
Other comprehensive income (loss) attributable to W. R. Grace & Co. shareholders
$
1.0

 
$
(5.6
)
 
$
(4.6
)
The following tables present the changes in accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2015 and 2014:
Nine Months Ended September 30, 2015
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Loss from Hedging Activities
 
Total
Beginning balance
$
4.0

 
$
(22.8
)
 
$
(5.0
)
 
$
(23.8
)
Other comprehensive income (loss) before reclassifications
0.5

 
(44.3
)
 
(0.9
)
 
(44.7
)
Amounts reclassified from accumulated other comprehensive income
(4.3
)
 
—

 
(0.8
)
 
(5.1
)
Net current-period other comprehensive loss
(3.8
)
 
(44.3
)
 
(1.7
)
 
(49.8
)
Ending balance
$
0.2

 
$
(67.1
)
 
$
(6.7
)
 
$
(73.6
)
Nine Months Ended September 30, 2014
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Loss 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

 
(7.5
)
 
(0.8
)
 
—

 
(0.7
)
 
18.2

Amounts reclassified from accumulated other comprehensive income
(24.0
)
 
—

 
(0.2
)
 
0.8

 
0.6

 
(22.8
)
Net current-period other comprehensive income (loss)
3.2

 
(7.5
)
 
(1.0
)
 
0.8

 
(0.1
)
 
(4.6
)
Ending balance
$
9.8

 
$
(2.3
)
 
$
(1.5
)
 
$
—

 
$
—

 
$
6.0


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 4 for a discussion of hedging activities. See Note 6 for a discussion of pension plans and other postretirement benefit plans.