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Supplemental Balance Sheet Data
3 Months Ended
Mar. 31, 2018
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Data
Supplemental Balance Sheet Data
 
The following table presents inventories by major class:
 
 
March 31, 2018
 
December 31, 2017
Raw materials
 
$
37.0

 
$
36.2

Work in progress
 
34.0

 
35.0

Finished goods
 
82.1

 
79.2

Supplies and other
 
3.3

 
3.6

 
 
156.4

 
154.0

Adjust FIFO inventories to LIFO cost
 
(11.9
)
 
(10.5
)
Total
 
$
144.5

 
$
143.5


 
The FIFO values of inventories valued on the LIFO method were $122.3 million and $120.1 million as of March 31, 2018 and December 31, 2017, respectively. For the three months ended March 31, 2018, income from continuing operations before income taxes was reduced by less than $0.1 million due to a decrease in certain LIFO inventory quantities.
 
The following table presents changes in accumulated other comprehensive income (loss) ("AOCI") for the three months ended March 31, 2018
 
 
Net unrealized foreign
currency translation
gain (loss)
 
Net gain (loss) from
pension and other
postretirement
liabilities (a)
 
Unrealized gain (loss) on
"available-for-sale"
securities
 
Accumulated other
comprehensive income
(loss)
AOCI — December 31, 2017
 
$
(7.5
)
 
$
(86.3
)
 
$
(0.3
)
 
$
(94.1
)
Other comprehensive income before reclassifications
 
5.5

 
0.4

 

 
5.9

Amounts reclassified from AOCI
 

 
2.4

 

 
2.4

Income from other comprehensive income items
 
5.5

 
2.8

 

 
8.3

Provision for income taxes
 
0.3

 
0.7

 

 
1.0

Other comprehensive income
 
5.2

 
2.1

 

 
7.3

Reclassification of unrealized loss on "available-for-sale" securities to retained earnings upon adoption of ASU 2016-01 (Note 2)
 

 

 
0.3

 
0.3

AOCI — March 31, 2018
 
$
(2.3
)
 
$
(84.2
)
 
$

 
$
(86.5
)

 
(a) For the three months ended March 31, 2018, the Company recorded a $0.8 million SERP settlement loss, and a related remeasurement gain of $0.4 million in other comprehensive income.

For the three months ended March 31, 2018 and 2017, the Company reclassified $1.6 million and $2.0 million, respectively, of costs from accumulated other comprehensive income to other expense - net, on the condensed consolidated statements of operations. For the three months ended March 31, 2018 and 2017, the Company recognized an income tax benefit of $0.4 million and $0.7 million, related to such reclassifications classified as "Provision for income taxes" on the condensed consolidated statements of operations.