Note 10. Accumulated Other Comprehensive (Loss) Income

The Company’s other comprehensive (loss) income consists of (i) unrealized foreign currency net gains and losses on the translation of the assets and liabilities of its foreign operations; (ii) realized and unrealized foreign currency gains and losses on intercompany notes of a long-term nature and certain hedges of net investments in foreign operations, net of income taxes; (iii) unrealized gains and losses on cash flow hedges (consisting of interest rate swaps), net of income taxes; and (iv) pension and other postretirement prior service cost and actuarial gains or losses, net of income taxes.

The before tax income (loss) and related income tax effect are as follows.

	For the Three Month Period Ended March 31, 2018									For the Three Month Period Ended March 31, 2017
	Before-Tax Amount			Tax (Expense) or Benefit			Net of Tax Amount			Before-Tax Amount			Tax Benefit or (Expense)			Net of Tax Amount
Foreign currency translation adjustments, net	$	51.4		$	-		$	51.4		$	25.7		$	-		$	25.7
Foreign currency (losses) gains, net		(21.7	)		4.7			(17.0	)		(6.2	)		2.3			(3.9	)
Unrecognized gains (losses) on cash flow hedges, net		15.1			(3.7	)		11.4			4.9			(1.9	)		3.0
Pension and other postretirement benefit prior service cost and gain or loss, net		(1.2	)		1.6			0.4			(0.1	)		0.3			0.2
Other comprehensive income	$	43.6		$	2.6		$	46.2		$	24.3		$	0.7		$	25.0

Changes in accumulated other comprehensive (loss) income by component for the three month periods ended March 31, 2018 and 2017 are presented in the following table⁽¹⁾.

	Cumulative Currency Translation Adjustment			Foreign Currency Gains and (Losses)			Unrealized (Losses) Gains on Cash Flow Hedges			Pension and Postretirement Benefit Plans			Total

Balance at December 31, 2017	$	(166.6	)	$	37.0		$	(29.8	)	$	(40.4	)	$	(199.8	)
Other comprehensive income (loss) before reclassifications		51.4			(17.0	)		7.8			-			42.2
Amounts reclassified from accumulated other comprehensive income (loss)		-			-			3.6			0.4			4.0
Other comprehensive income (loss)		51.4			(17.0	)		11.4			0.4			46.2
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2017-12)		-			-			0.3			-			0.3
Balance at March 31, 2018	$	(115.2	)	$	20.0		$	(18.1	)	$	(40.0	)	$	(153.3	)

	Cumulative Currency Translation Adjustment			Foreign Currency Gains and (Losses)			Unrealized (Losses) Gains on Cash Flow Hedges			Pension and Postretirement Benefit Plans			Total

Balance at December 31, 2016	$	(324.2	)	$	88.6		$	(42.2	)	$	(64.6	)	$	(342.4	)
Other comprehensive income (loss) before reclassifications		25.7			(3.9	)		(0.2	)		(0.5	)		21.1
Amounts reclassified from accumulated other comprehensive income (loss)		-			-			3.2			0.7			3.9
Other comprehensive income (loss)		25.7			(3.9	)		3.0			0.2			25.0
Balance at March 31, 2017	$	(298.5	)	$	84.7		$	(39.2	)	$	(64.4	)	$	(317.4	)

⁽¹⁾

All amounts are net of tax. Amounts in parentheses indicate debits.

Reclassifications out of accumulated other comprehensive (loss) income for the three month periods ended March 31, 2018 and 2017 are presented in the following table:

Amount Reclassified from Accumulated Other Comprehensive (Loss) Income
Details about Accumulated Other Comprehensive (Loss) Income Components	For the Three Month Period Ended March 31, 2018			For the Three Month Period Ended March 31, 2017			Affected Line in the Statement Where Net Income is Presented
Loss on cash flow hedges
Interest rate swaps	$	4.8		$	5.1		Interest expense
		4.8			5.1		Total before tax
		(1.2	)		(1.9	)	Income tax benefit
	$	3.6		$	3.2		Net of tax
Amortization of defined benefit pension and other postretirement benefit items	$	0.5		$	1.2		⁽¹⁾
		0.5			1.2		Total before tax
		(0.1	)		(0.5	)	Income tax benefit
	$	0.4		$	0.7		Net of tax
Total reclassifications for the period	$	4.0		$	3.9		Net of tax

⁽¹⁾

These components are included in the computation of net periodic benefit cost. See Note 7 “Pension and Other Postretirement Benefits” for additional details.