Other Comprehensive (Loss) Income (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Components of Other Comprehensive (Loss) Income and Income Tax (Benefit) Expense Allocated to Each Component

The components of other comprehensive (loss) income and income tax (benefit) expense allocated to each component for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended									Three Months Ended
	March 31, 2017									March 31, 2016

	Before Tax			Income Tax			Net of Tax			Before Tax		Income Tax		Net of Tax
	Amount			Expense			Amount			Amount		Expense		Amount
Translation adjustments	$	9.0		$	—		$	9.0		$	17.9	$	—	$	17.9
Adjustment for net periodic pension and other postretirement benefits plan cost		1.0			0.3			0.7			5.2		5.8		(0.6	)
Unrealized loss on available-for-sale securities		(35.3	)		(3.0	)		(32.3	)		—		—		—
Other comprehensive (loss) income	$	(25.3	)	$	(2.7	)	$	(22.6	)	$	23.1	$	5.8	$	17.3

Summary of Changes in Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss by component as of December 31, 2016 and March 31, 2017, and changes during the three months ended March 31, 2017, were as follows:

	Changes in the Fair Value of Available-for-Sale Securities			Pension and Other Postretirement Benefits Plan Cost			Translation Adjustments			Total
Balance at December 31, 2016	$	119.3		$	(159.5	)	$	(15.5	)	$	(55.7	)
Other comprehensive (loss) income before reclassifications		(60.9	)		—			8.8			(52.1	)
Amounts reclassified from accumulated other comprehensive loss		28.6			0.7			—			29.3
Net change in accumulated other comprehensive loss		(32.3	)		0.7			8.8			(22.8	)
Balance at March 31, 2017	$	87.0		$	(158.8	)	$	(6.7	)	$	(78.5	)

Accumulated other comprehensive loss by component as of December 31, 2015 and March 31, 2016, and changes during the three months ended March 31, 2016, were as follows:

	Pension and Other Postretirement Benefits Plan Cost			Translation Adjustments			Total
Balance at December 31, 2015	$	(727.5	)	$	(65.7	)		(793.2	)
Other comprehensive income before reclassifications		—			18.8			18.8
Amounts reclassified from accumulated other comprehensive loss		(1.8	)		—			(1.8	)
Amounts reclassified due to disposition of a business		1.2			(1.1	)		0.1
Net change in accumulated other comprehensive loss		(0.6	)		17.7			17.1
Balance at March 31, 2016	$	(728.1	)	$	(48.0	)	$	(776.1	)

Reclassifications from Accumulated Other Comprehensive Loss

Reclassifications from accumulated other comprehensive loss for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended March 31,						Classification in the Condensed Consolidated
	2017			2016			Statements of Operations
Amortization of pension and other postretirement benefits plan cost:
Net actuarial loss	$	1.7		$	7.8		Cost of sales; Selling, general and administrative expenses
Net prior service credit		(0.7	)		(4.0	)	Cost of sales; Selling, general and administrative expenses
Reclassifications before tax		1.0			3.8
Income tax expense		0.3			5.6
Reclassification, net of tax	$	0.7		$	(1.8	)
Available-for-sale securities:
Loss on equity securities		46.6			—		Investment and other expense (income)-net
Reclassifications before tax		46.6			—
Income tax benefit		18.0			—
Reclassification, net of tax	$	28.6		$	—
Total reclassifications, net of tax	$	29.3		$	(1.8	)