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ACCUMULATED OTHER COMPREHENSIVE INCOME:
3 Months Ended
Mar. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE INCOME:  
ACCUMULATED OTHER COMPREHENSIVE INCOME:

14.   ACCUMULATED OTHER COMPREHENSIVE INCOME:

 

Changes in accumulated other comprehensive loss are as follows:

 

 

 

Pension related

 

Foreign

 

Intercompany

 

Net

 

Foreign

 

Total

 

 

 

adjustments,

 

currency

 

foreign currency

 

investment hedge,

 

exchange contracts,

 

accumulated other

 

($ in millions)

 

net of tax

 

translation

 

loans

 

net of tax

 

net of tax

 

comprehensive loss

 

Balance at December 31, 2012

 

$

(146.0

)

$

204.2

 

$

117.4

 

$

(189.9

)

$

—

 

$

(14.3

)

Other comprehensive income (loss) before reclassifications

 

5.2

 

(32.4

)

(22.0

)

—

 

(0.1

)

(49.3

)

Amounts reclassified from accumulated other comprehensive loss to net income

 

3.2

 

—

 

—

 

—

 

—

 

3.2

 

Amounts reclassified from noncontrolling interest to accumulated other comprehensive loss (a)

 

(27.6

)

—

 

—

 

—

 

—

 

(27.6

)

Balance at March 31, 2013

 

$

(165.2

)

$

171.8

 

$

95.4

 

$

(189.9

)

$

(0.1

)

$

(88.0

)

 

 

(a)                 This represents the amount of accumulated other comprehensive loss reclassified as a result of the Company’s purchase of Kemira’s 39% interest in the Titanium Dioxide Pigment’s venture in February 2013.  See Note 3, “Variable Interest Entities,” for further details.

 

The amounts reclassified from accumulated other comprehensive loss into net income are as follows:

 

 

 

Amount Reclassified

 

 

 

from Accumulated Other

 

 

 

Comprehensive Loss

 

Accumulated Other 

 

Three months ended

 

Comprehensive Income Components

 

March 31, 2013

 

Pension related adjustments:

 

 

 

Actuarial losses

 

$

(4.2

)(a)

Prior service costs

 

(0.2

)(a)

 

 

(4.4

)

Income tax provision

 

1.2

 

Total reclassifications for the period

 

$

(3.2

)

 

 

(a)                 These accumulated other comprehensive income components are included in the computation of net periodic pension costs that are recorded in costs of products sold and selling, general and administrative expenses in the condensed consolidated statements of operations.