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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

The components of "Accumulated other comprehensive loss" as of December 31, 2017 and 2016 are as follows:

(in millions)
 
2017
 
2016
Foreign currency translation, net of income tax benefit of $2.8 and zero, respectively
 
$
4.4

 
$
(9.8
)
Derivative instrument fair market value, net of income tax expense of $1.8 and zero, respectively
 
3.6

 
0.8

Employee pension and postretirement benefit adjustments, net of income tax benefit of $6.5 and $6.3, respectively
 
(40.0
)
 
(34.4
)
 
 
$
(32.0
)
 
$
(43.4
)


A summary of the changes in "Accumulated other comprehensive loss," net of tax, by component for the years ended December 31, 2017, 2016 and 2015 are as follows:

(in millions)
 
Foreign Currency Translation (1)
 
Gains and Losses on Cash Flow Hedges
 
Pension & Postretirement
 
Total
Balance at December 31, 2014
 
$
17.3

 
$
(1.0
)
 
$
(37.0
)
 
$
(20.7
)
Other comprehensive (loss) income before reclassifications
 
(25.2
)
 
(6.1
)
 
1.1

 
(30.2
)
Amounts reclassified out
 
—

 
4.8

 
1.1

 
5.9

Tax effect
 
—

 
0.5

 
—

 
0.5

Net current period other comprehensive (loss) income
 
(25.2
)
 
(0.8
)
 
2.2

 
(23.8
)
Balance at December 31, 2015
 
(7.9
)
 
(1.8
)
 
(34.8
)
 
(44.5
)
Other comprehensive (loss) income before reclassifications
 
(1.9
)
 
2.1

 
(1.5
)
 
(1.3
)
Amounts reclassified out
 
—

 
1.5

 
2.5

 
4.0

Tax effect
 
—

 
(1.0
)
 
(0.6
)
 
(1.6
)
Net current period other comprehensive (loss) income
 
(1.9
)
 
2.6

 
0.4

 
1.1

Balance at December 31, 2016
 
(9.8
)
 
0.8

 
(34.4
)
 
(43.4
)
Other comprehensive income (loss) before reclassifications
 
11.4

 
9.0

 
(7.8
)
 
12.6

Amounts reclassified out
 
—

 
(4.4
)
 
2.0

 
(2.4
)
Tax effect
 
2.8

 
(1.8
)
 
0.2

 
1.2

Net current period other comprehensive income (loss)
 
14.2

 
2.8

 
(5.6
)
 
11.4

Balance at December 31, 2017
 
$
4.4

 
$
3.6

 
$
(40.0
)
 
$
(32.0
)

(1) Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within cumulative translation does include the impact of the net investment hedge transaction. Reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income.

A reconciliation of the reclassifications out of "Accumulated other comprehensive loss," net of tax, for the years ended December 31, 2017, 2016 and 2015 are as follows:

(in millions)
 
2017
 
2016
 
2015
 
 
 
Recognized Location
Gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign currency exchange contracts
 
$
3.3

 
$
—

 
$
(1.4
)
 
 
 
Cost of sales
Commodity contracts
 
1.1

 
(1.5
)
 
(3.4
)
 
 
 
Cost of sales
 
 
4.4

 
(1.5
)
 
(4.8
)
 
 
 
Total before tax
 
 
(1.6
)
 
0.6

 
1.8

 
 
 
Tax (expense) benefit
 
 
$
2.8

 
$
(0.9
)
 
$
(3.0
)
 
 
 
Net of tax
Amortization of pension and postretirement items:
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
$
(2.0
)
 
$
(2.5
)
 
$
(1.1
)
 
(a)
 
 
 
 
(2.0
)
 
(2.5
)
 
(1.1
)
 
 
 
Total before tax
 
 
0.7

 
1.0

 
—

 
 
 
Tax benefit
 
 
$
(1.3
)
 
$
(1.5
)
 
$
(1.1
)
 
 
 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
1.5

 
$
(2.4
)
 
$
(4.1
)
 
 
 
Net of tax

(a) This other comprehensive income component is included in the periodic pension cost (see Note 20, "Employee Benefit Plans," for further details).