ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2019

ACCUMULATED OTHER COMPREHENSIVE LOSS.

21. ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in each component of accumulated other comprehensive loss, net of tax effects, are as follows:


									Accumulated
	Net Unrealized		Net Unrealized		Net Unrealized		Foreign Currency		Other
	Gains (Losses) on		Gains (Losses) on		Gains (Losses) on		Translation		Comprehensive
	Securities		Cash Flow Hedges		Net Investment Hedge		Adjustments ⁽¹⁾		Loss
	(in millions)
Balance as of January 1, 2017	$	(1.6)	$	0.4	$	4.1	$	(153.6)	$	(150.7)
Changes in other comprehensive income (loss)		(7.1)		(0.5)		(46.1)		64.2		10.5
Balance at December 31, 2017	$	(8.7)	$	(0.1)	$	(42.0)	$	(89.4)	$	(140.2)
Changes in other comprehensive income (loss)		(2.0)		(0.1)		29.6		(25.4)		2.1
Balance at December 31, 2018	$	(10.7)	$	(0.2)	$	(12.4)	$	(114.8)	$	(138.1)
Changes in other comprehensive income (loss)		13.2		0.1		4.9		(6.8)		11.4
Recognition resulting from the sale of Epsilon's foreign subsidiaries		—		—		—		26.8		26.8
Balance at December 31, 2019	$	2.5	$	(0.1)	$	(7.5)	$	(94.8)	$	(99.9)

(1)

Primarily related to the impact of changes in the Canadian dollar and Euro foreign currency exchange rates.

In accordance with ASC 830, “Foreign Currency Matters,” upon the sale of Epsilon on July 1, 2019, $26.8 million of accumulated foreign currency translation adjustments attributable to Epsilon’s foreign subsidiaries sold were reclassified from accumulated other comprehensive loss and included in the calculation of the gain/loss on sale of Epsilon segment. Additionally, as of January 1, 2018, a cumulative-effect adjustment of $1.5 million, net of tax, was reclassified from accumulated other comprehensive loss to retained earnings related to the adoption of ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” For more information, see Note 2, “Summary of Significant Accounting Policies.” Other reclassifications from accumulated other comprehensive loss into net income for each of the periods presented were not material.