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Accumulated Comprehensive Loss
12 Months Ended
Dec. 31, 2015
ACCUMULATED COMPREHENSIVE LOSS [Abstract]  
Accumulated Comprehensive Loss
ACCUMULATED COMPREHENSIVE INCOME (LOSS)
Accumulated comprehensive loss consists of cumulative translation adjustments, unrealized gains (losses) on certain derivative instruments and pension and post retirement adjustments. Other comprehensive income activity, net of tax, is provided in the following table for the years ended December 31, 2015, 2014 and 2013.
Dollar amounts in millions
Foreign
currency
translation
adjustments
 
Pension
adjustments
 
Unrealized
gain (loss)
on
derivative
instruments
 
Unrealized
gain (loss)
on investments
 
Other
 
Total
Balance at January 1, 2013
$
(7.6
)
 
$
(99.0
)
 
$
(0.3
)
 
$
1.0

 
$
(2.0
)
 
$
(107.9
)
Other comprehensive income before reclassifications
(11.6
)
 
33.3

 
0.3

 
1.0

 
0.3

 
23.3

Amounts reclassified from accumulated comprehensive income

 
(4.6
)
 

 

 

 
(4.6
)
Net current-period other comprehensive income
(11.6
)
 
28.7

 
0.3

 
1.0

 
0.3

 
18.7

Balance at December 31, 2013
(19.2
)
 
(70.3
)
 

 
2.0

 
(1.7
)
 
(89.2
)
Other comprehensive income before reclassifications
(14.5
)
 
(25.5
)
 

 
0.6

 
0.5

 
(38.9
)
Amounts reclassified from accumulated comprehensive income

 
(3.2
)
 

 

 

 
(3.2
)
Net current-period other comprehensive income
(14.5
)
 
(28.7
)
 

 
0.6

 
0.5

 
(42.1
)
Balance at December 31, 2014
(33.7
)
 
(99.0
)
 

 
2.6

 
(1.2
)
 
(131.3
)
Other comprehensive income before reclassifications
(21.4
)
 
10.2

 

 
0.7

 
0.2

 
(10.3
)
Amounts reclassified from accumulated comprehensive income

 
(4.5
)
 

 

 

 
(4.5
)
Net current-period other comprehensive income
(21.4
)
 
5.7

 

 
0.7

 
0.2

 
(14.8
)
Balance at December 31, 2015
$
(55.1
)
 
$
(93.3
)
 
$

 
$
3.3

 
$
(1.0
)
 
$
(146.1
)


Reclassifications from accumulated other comprehensive loss for the years ended December 31, 2015, 2014 and 2013 are summarized, in millions of dollars, in the following table:

 
 
Amount reclassified from accumulated comprehensive income
 
 
Components of Other Comprehensive Income
 
2015
 
2014
 
2013
 
Affected line item in the income statement
Amortization of defined benefit pension plans
 
 
 
 
 
 
 
 
Prior service cost
 
$
0.5

 
$

 
$
0.3

 
(a)
Actuarial loss
 
6.8

 
5.5

 
7.3

 
(a)
Transition obligation
 

 

 
(0.4
)
 
(a)
 
 
7.3

 
5.5

 
7.2

 
Total before tax
 
 
(2.8
)
 
(2.3
)
 
(2.6
)
 
Tax provision
Total reclassifications for the years ended December 31, 2015, 2014 and 2013
 
$
4.5

 
$
3.2

 
$
4.6

 
Net of tax

____________
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost, see Note 14 for additional details. The net periodic pension cost is included in Cost of sales and Selling and administrative line items in the Consolidated Statements of Income.
Foreign currency translation adjustments exclude income tax expense (benefit) given that these adjustments arise out of the translation of assets into the reporting currency that is separate from the taxable income and is deemed to be reinvested for an indefinite period of time. The pension adjustments included income tax benefits of $3.9 million, $17.7 million and $15.5 million in 2015, 2014 and 2013. The unrealized gain (loss) on investments included tax provisions of $0.7 million, $0.3 million and $0.6 million in 2015, 2014 and 2013.