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Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Other Comprehensive 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, 2016 and 2015:
Three Months Ended June 30, 2016
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service credit included in net periodic benefit cost
$
(0.6
)
 
$
0.2

 
$
(0.4
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.1

 
(0.1
)
 
—

Benefit plans, net
(0.5
)
 
0.1

 
(0.4
)
Currency translation adjustments
1.3

 
—

 
1.3

Loss from hedging activities
(0.4
)
 
0.1

 
(0.3
)
Other comprehensive income attributable to W. R. Grace & Co. shareholders
$
0.4

 
$
0.2

 
$
0.6

Six Months Ended June 30, 2016
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service credit included in net periodic benefit cost
$
(1.3
)
 
$
0.5

 
$
(0.8
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.3

 
(0.2
)
 
0.1

Benefit plans, net
(1.0
)
 
0.3

 
(0.7
)
Currency translation adjustments
(4.1
)
 
—

 
(4.1
)
Loss from hedging activities
(5.1
)
 
1.8

 
(3.3
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(10.2
)
 
$
2.1

 
$
(8.1
)
Three Months Ended June 30, 2015
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service credit included in net periodic benefit cost
$
(0.9
)
 
$
0.3

 
$
(0.6
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.1

 
—

 
0.1

Other changes in funded status
(0.4
)
 
0.1

 
(0.3
)
Benefit plans, net
(1.2
)
 
0.4

 
(0.8
)
Currency translation adjustments
(0.7
)
 
—

 
(0.7
)
Gain from hedging activities
2.5

 
(0.9
)
 
1.6

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

 
$
(0.5
)
 
$
0.1

Six Months Ended June 30, 2015
(In millions)
Pre-Tax Amount
 
Tax Benefit/ (Expense)
 
After-Tax Amount
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Amortization of net prior service credit included in net periodic benefit cost
$
(1.8
)
 
$
0.7

 
$
(1.1
)
Amortization of net deferred actuarial loss included in net periodic benefit cost
0.3

 
(0.1
)
 
0.2

Other changes in funded status
(0.4
)
 
0.1

 
(0.3
)
Benefit plans, net
(1.9
)
 
0.7

 
(1.2
)
Currency translation adjustments
(11.5
)
 
—

 
(11.5
)
Loss from hedging activities
(0.4
)
 
0.1

 
(0.3
)
Other comprehensive loss attributable to W. R. Grace & Co. shareholders
$
(13.8
)
 
$
0.8

 
$
(13.0
)
The following tables present the changes in accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2016 and 2015:
Six Months Ended June 30, 2016
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Gain (loss) from Hedging Activities
 
Total
Beginning balance
$
3.0

 
$
(66.1
)
 
$
(3.7
)
 
$
(66.8
)
Other comprehensive loss before reclassifications
—

 
(4.1
)
 
(4.4
)
 
(8.5
)
Amounts reclassified from accumulated other comprehensive income (loss)
(0.7
)
 
—

 
1.1

 
0.4

Net current-period other comprehensive loss
(0.7
)
 
(4.1
)
 
(3.3
)
 
(8.1
)
Distribution of GCP
(0.2
)
 
135.5

 
—

 
135.3

Ending balance
$
2.1

 
$
65.3

 
$
(7.0
)
 
$
60.4

Six Months Ended June 30, 2015
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Gain (loss) from Hedging Activities
 
Total
Beginning balance
$
4.0

 
$
(22.8
)
 
$
(5.0
)
 
$
(23.8
)
Other comprehensive (loss) income before reclassifications
(0.3
)
 
(11.5
)
 
2.2

 
(9.6
)
Amounts reclassified from accumulated other comprehensive income (loss)
(0.9
)
 
—

 
(2.5
)
 
(3.4
)
Net current-period other comprehensive loss
(1.2
)
 
(11.5
)
 
(0.3
)
 
(13.0
)
Ending balance
$
2.8

 
$
(34.3
)
 
$
(5.3
)
 
$
(36.8
)

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.