XML 111 R21.htm IDEA: XBRL DOCUMENT v3.19.3
Other Comprehensive Loss
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Other Comprehensive Loss Other Comprehensive Loss
The following tables present the pre-tax, tax, and after-tax components of GCP's other comprehensive loss for the three and nine months ended September 30, 2019 and 2018:
 
Three Months Ended September 30, 2019
(In millions)
Pre-Tax Amount
 
Tax Expense
 
After-Tax Amount
Currency translation adjustments (1)
$
(14.4
)
 
$
(0.5
)
 
$
(14.9
)
Gain from hedging activities
0.1

 
—

 
0.1

Other comprehensive loss attributable to GCP shareholders
$
(14.3
)
 
$
(0.5
)
 
$
(14.8
)
 
Nine Months Ended September 30, 2019
(In millions)
Pre-Tax Amount
 
Tax
Expense
 
After-Tax Amount
Currency translation adjustments (1)
$
(15.1
)
 
$
(0.4
)
 
$
(15.5
)
Other comprehensive loss attributable to GCP shareholders
$
(15.1
)
 
$
(0.4
)
 
$
(15.5
)
 
Three Months Ended September 30, 2018
(In millions)
Pre-Tax Amount
 
Tax Expense
 
After-Tax Amount
Defined benefit pension and other postretirement plans
$
0.3

 
$
(0.1
)
 
$
0.2

Currency translation adjustments
(9.1
)
 
—

 
(9.1
)
Other comprehensive loss attributable to GCP shareholders
$
(8.8
)
 
$
(0.1
)
 
$
(8.9
)
 
Nine Months Ended September 30, 2018
(In millions)
Pre-Tax Amount
 
Tax Benefit
 
After-Tax Amount
Defined benefit pension and other postretirement plans
$
(0.5
)
 
$
0.1

 
$
(0.4
)
Currency translation adjustments
(27.3
)
 
—

 
(27.3
)
Gain from hedging activities
0.1

 
—

 
0.1

Other comprehensive loss attributable to GCP shareholders
$
(27.7
)
 
$
0.1

 
$
(27.6
)
__________________________
(1) Currency translation adjustments are presented net of income tax expense related to the net investment hedge, as discussed in Note 4, "Derivative Instruments."
The following tables present the changes in accumulated other comprehensive loss, net of tax, for the nine months ended September 30, 2019 and 2018:
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Hedging Activities
 
Total
Balance, December 31, 2018
$
(2.2
)
 
$
(117.8
)
 
$
—

 
$
(120.0
)
Other comprehensive loss before reclassifications
—

 
(15.5
)
 
(0.1
)
 
(15.6
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
0.1

 
0.1

Current-period other comprehensive loss
—

 
(15.5
)
 
—

 
(15.5
)
Balance, September 30, 2019
$
(2.2
)
 
$
(133.3
)
 
$
—

 
$
(135.5
)
(In millions)
Defined Benefit Pension and Other Postretirement Plans
 
Currency Translation Adjustments
 
Hedging Activities
 
Total
Balance, December 31, 2017
$
0.4

 
$
(86.0
)
 
$
(0.1
)
 
$
(85.7
)
Other comprehensive (loss) income before reclassifications
(0.4
)
 
(27.3
)
 
0.2

 
(27.5
)
Amounts reclassified from accumulated other comprehensive (loss) income
—

 
—

 
(0.1
)
 
(0.1
)
Current-period other comprehensive (loss) income
(0.4
)
 
(27.3
)
 
0.1

 
(27.6
)
Balance, September 30, 2018
$
—

 
$
(113.3
)
 
$
—

 
$
(113.3
)

Please refer to Note 8, "Pension Plans and Other Postretirement Benefit Plans," for a discussion of pension plans and other postretirement benefit plans.