Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

Changes in Components of Other Comprehensive Income, Net of Tax

The following table shows the changes in the components of OCI, net of tax (in millions):


	Foreign Currency Translation			Cash Flow Hedges		Unrealized Gains on Securities			Defined Benefit Plan Items
Balance December 31, 2012	$	445.5		$	4.1	$	0.4		$	(106.1	)
OCI before reclassifications		(65.0	)		29.2		(0.1	)		—
Reclassifications		—			3.9		—			4.2

Balance March 31, 2013	$	380.5		$	37.2	$	0.3		$	(101.9	)

Reclassification Adjustments from Accumulated Other Comprehensive Income

The following table shows the reclassification adjustments from OCI (in millions):


	Amount of Gain /(Loss) Reclassified from OCI
	Three Months Ended March 31,						Location on Statement of Earnings
Component of OCI	2013			2012			Location on Statement of Earnings
Cash flow hedges
Foreign exchange forward contracts	$	(5.4	)	$	(4.1	)	Cost of products sold
Foreign exchange options		(0.1	)		—		Cost of products sold
Cross-currency interest rate swaps		—			0.2		Interest expense

		(5.5	)		(3.9	)	Total before tax
		(1.6	)		(3.0	)	Provision for income taxes

	$	(3.9	)	$	(0.9	)	Net of tax

Defined benefit plans
Prior service cost	$	1.0		$	0.2		*
Unrecognized actuarial loss		(4.7	)		(3.4	)	*

		(3.7	)		(3.2	)	Total before tax
		0.5			(1.2	)	Provision for income taxes

	$	(4.2	)	$	(2.0	)	Net of tax

Total reclassifications	$	(8.1	)	$	(2.9	)	Net of tax

*	These OCI components are included in the computation of net periodic pension expense (see Note 12).

Tax Effects on Each Component of Other Comprehensive Income Recognized in Statements of Comprehensive Income

The following table shows the tax effects on each component of OCI recognized in our condensed consolidated statements of comprehensive income (in millions):


	Three Months Ended March 31, 2013									Three Months Ended March 31, 2012
	Before Tax			Tax			Net of Tax			Before Tax		Tax		Net of Tax
Foreign currency cumulative translation adjustments	$	(65.0	)	$	—		$	(65.0	)	$	28.1	$	—	$	28.1
Unrealized cash flow hedge gains		44.8			15.6			29.2			8.0		3.9		4.1
Reclassification adjustments on foreign currency hedges		5.5			1.6			3.9			3.9		3.0		0.9
Unrealized gains on securities		(0.1	)		—			(0.1	)		0.2		—		0.2
Adjustments to prior service cost and unrecognized actuarial assumptions		3.7			(0.5	)		4.2			40.9		18.0		22.9

Total Other Comprehensive Gain/(Loss)	$	(11.1	)	$	16.7		$	(27.8	)	$	81.1	$	24.9	$	56.2

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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