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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
Unrealized
Currency
Translation
Adjustments
Pension
Adjustments
Unrealized
Gain (Loss) on
Securities
Unrealized
Gain (Losses) on
Derivatives
Accumulated
Other
Comprehensive
Income (Loss)
December 31, 2016
$
(292.2
)
$
(56.6
)
$
0.4

$
(2.0
)
$
(350.4
)
Current year deferrals to AOCI
88.3

(0.3
)
(0.1
)
1.7

89.6

Reclassifications from AOCI to Net income

6.2


(1.7
)
4.5

Net Change
88.3

5.9

(0.1
)

94.1

September 30, 2017
$
(203.9
)
$
(50.7
)
$
0.3

$
(2.0
)
$
(256.3
)
Included in the reclassification from AOCI to net income (loss) was a pension plan adjustment related to the deconsolidation of our Venezuelan subsidiary and the corresponding write-off of the accumulated actuarial loss on our Venezuela pension plan. This resulted in a decrease of $5.9 million in AOCI, inclusive of $2.6 million of tax benefits, and is discussed further in Note 21.
The income tax expense related to the changes in pension benefits for the nine months ended September 30, 2017 was $3.1 million. The cumulative income tax benefit related to the adjustments for pension benefits at September 30, 2017 was $16.0 million. The income tax benefit related to the change in the unrealized loss on derivatives for the nine months ended September 30, 2017 was $1.1 million. The cumulative income tax benefit related to the adjustments for unrealized loss on derivatives at September 30, 2017 was $2.2 million.
 
Unrealized
Currency
Translation
Adjustments
Pension
Adjustments
Unrealized
Gain (Loss) on
Securities
Unrealized
Gain (Loss) on
Derivatives
Accumulated
Other
Comprehensive
Income (Loss)
December 31, 2015
$
(232.8
)
$
(33.4
)
$
0.1

$
(3.2
)
$
(269.3
)
Current year deferrals to AOCI
15.9


0.3

(3.1
)
13.1

Reclassifications from AOCI to Net income

0.2


3.1

3.3

Net Change
15.9

0.2

0.3


16.4

September 30, 2016
$
(216.9
)
$
(33.2
)
$
0.4

$
(3.2
)
$
(252.9
)
The income tax provision related to the changes in pension benefits for the nine months ended September 30, 2016 was $0.0 million. The cumulative income tax benefit related to the adjustments for pension benefits at September 30, 2016 was $13.4 million. The income tax benefit related to the change in the unrealized loss on derivatives for the nine months ended September 30, 2016 was $0.0 million. The cumulative income tax benefit related to the adjustment for unrealized loss on derivatives at September 30, 2016 was $1.9 million.