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Supplemental Balance Sheet Data
3 Months Ended
Mar. 31, 2015
Supplemental Balance Sheet Data  
Supplemental Balance Sheet Data

 

Note 4.  Supplemental Balance Sheet Data

 

The following table presents inventories by major class:

 

 

 

March 31, 2015

 

December 31, 2014

 

Raw materials

 

$

25.9

 

$

28.5

 

Work in progress

 

20.8

 

23.2

 

Finished goods

 

66.6

 

67.1

 

Supplies and other

 

5.7

 

6.5

 

 

 

119.0

 

125.3

 

Adjust FIFO inventories to LIFO cost

 

(13.4

)

(14.0

)

Total

 

$

105.6

 

$

111.3

 

 

The FIFO values of inventories valued on the LIFO method were $94.9 million and $95.7 million as of March 31, 2015 and December 31, 2014, respectively.

 

The following table presents changes in accumulated other comprehensive income (“AOCI”) for the three months ended March 31, 2015:

 

 

 

Unrealized foreign
currency translation
gain (loss)

 

Net gain (loss) from
pension and other
postretirement
liabilities

 

Accumulated other
comprehensive
income (loss)

 

AOCI — December 31, 2014

 

$

(5.8

)

$

(62.6

)

$

(68.4

)

Other comprehensive income before reclassifications

 

(13.4

)

 

(13.4

)

Amounts reclassified from AOCI

 

 

1.8

 

1.8

 

Income (loss) from other comprehensive income items

 

(13.4

)

1.8

 

(11.6

)

Provision for income taxes

 

 

0.6

 

0.6

 

Other comprehensive income (loss)

 

(13.4

)

1.2

 

(12.2

)

AOCI — March 31, 2015

 

$

(19.2

)

$

(61.4

)

$

(80.6

)

 

For the three months ended March 31, 2015, the Company reclassified $1.8 million of costs from accumulated other comprehensive income to cost of products sold and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations. For the three months ended March 31, 2015, the Company recognized an income tax benefit of $0.6 million related to such reclassifications classified as Provision for income taxes on the Condensed Consolidated Statements of Operations.