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Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Reclassification out of accumulated other comprehensive income
The following table provides information on items not reclassified in their entirety from AOCL to Net income in the accompanying Consolidated Statements of Operations (in millions):
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
Affected Line Item(s) in the Consolidated Statements of Operations
 
 
2016
 
2015
 
2016
 
2015
 
(Losses)/Gains on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
 
$
(2.4
)
 
$
(3.2
)
 
$
(10.6
)
 
$
(9.4
)
 
Cost of goods sold
Income tax benefit
 
0.8

 
1.2

 
3.7

 
3.2

 
Provision for income taxes
Net of tax
 
$
(1.6
)
 
$
(2.0
)
 
$
(6.9
)
 
$
(6.2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Defined Benefit Plan items:
 
 
 
 
 
 
 
 
 
 
Pension and post-retirement benefit costs
 
$
(1.6
)
 
$
(2.0
)
 
$
(4.8
)
 
$
(6.1
)
 
Cost of goods sold; Selling, general and administrative expenses
Income tax benefit
 
0.6

 
0.7

 
1.7

 
2.2

 
Provision for income taxes
Net of tax
 
$
(1.0
)
 
$
(1.3
)
 
$
(3.1
)
 
$
(3.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications from AOCL
 
$
(2.6
)
 
$
(3.3
)
 
$
(10.0
)
 
$
(10.1
)
 
 
Changes in AOCI by component (net of tax)
The following table provides information on changes in AOCL, by component (net of tax), for the nine months ended September 30, 2016 (in millions):
 
 
(Losses) Gains on Cash Flow Hedges
 
Unrealized Gains (Losses) on Available-for-Sale Securities
 
Defined Benefit Pension Plan Items
 
Foreign Currency Translation Adjustments
 
Total AOCL
Balance as of December 31, 2015
 
$
(8.4
)
 
$
4.4

 
$
(139.3
)
 
$
(61.4
)
 
$
(204.7
)
Other comprehensive (loss) income before reclassifications
 
0.8

 
(1.8
)
 
(2.6
)
 
11.3

 
7.7

Amounts reclassified from AOCL
 
6.9

 

 
3.1

 

 
10.0

Net other comprehensive (loss) income
 
7.7

 
(1.8
)
 
0.5

 
11.3

 
17.7

Balance as of September 30, 2016
 
$
(0.7
)
 
$
2.6

 
$
(138.8
)
 
$
(50.1
)
 
$
(187.0
)