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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

The following table presents the changes in the components of accumulated other comprehensive loss, net of tax:
($ in millions)
Losses on
cash flow
hedges
Unrealized gains
on investment
securities
Defined benefit
pension and other
postretirement plans
Foreign
currency
translation
Total
Balance, December 31, 2013
$
(6.0
)
$
4.3

$
(47.0
)
$
16.3

$
(32.4
)
Other comprehensive (loss) income before reclassifications
(0.1
)
0.4

(18.9
)
(71.3
)
(89.9
)
Amounts reclassified out
1.8

—

1.3

—

3.1

Other comprehensive income (loss), net of tax
1.7

0.4

(17.6
)
(71.3
)
(86.8
)
Balance, December 31, 2014
(4.3
)
4.7

(64.6
)
(55.0
)
(119.2
)
Other comprehensive (loss) income before reclassifications
1.3

0.7

(8.9
)
(70.3
)
(77.2
)
Amounts reclassified out
(0.1
)
—

33.9

—

33.8

Other comprehensive income (loss), net of tax
1.2

0.7

25.0

(70.3
)
(43.4
)
Balance, December 31, 2015
$
(3.1
)
$
5.4

$
(39.6
)
$
(125.3
)
$
(162.6
)


A summary of the reclassifications out of accumulated other comprehensive loss is presented in the following table ($ in millions):
Detail of components
2015
2014
Location on Statement of Income
Losses on cash flow hedges:
 
 
 
 Foreign currency contracts
$
1.8

$
0.3

Net sales
Foreign currency contracts
—

(0.3
)
Cost of goods and services sold
Interest rate swap contracts
(2.1
)
(2.6
)
Interest expense
Forward treasury locks
(0.3
)
(0.4
)
Interest expense
Total before tax
(0.6
)
(3.0
)
 
Tax expense
0.7

1.2

 
Net of tax
$
0.1

$
(1.8
)
 
Amortization of defined benefit pension and other postretirement plans:
 
 
 
Transition obligation
$
(0.1
)
$
(0.1
)
(a)
Prior service credit
1.3

1.3

(a)
Actuarial losses
(4.5
)
(3.1
)
(a)
Settlements
(50.4
)
—

(a)
Total before tax
(53.7
)
(1.9
)
 
Tax expense
19.8

0.6

 
Net of tax
$
(33.9
)
$
(1.3
)
 
Total reclassifications for the period, net of tax
$
(33.8
)
$
(3.1
)
 

(a)     These components are included in the computation of net periodic benefit cost. Refer to Note 13, Benefit Plans, for additional details.

During 2015, we recorded a $50.4 million pension settlement charge related to the acceleration of a portion of our unrecognized actuarial losses. Please refer to Note 13, Benefit Plans, for additional details.