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Other Comprehensive Income Other Comprehensive Income
 9 Months Ended
Sep. 30, 2018
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
NOTE 16 - OTHER COMPREHENSIVE INCOME

Other comprehensive income activity, net of tax, is provided in the following table for the quarter and nine months ended September 30, 2018:
 
 
 
 
Pension Adjustments
 
 
 
 
 
 
Dollar amounts in millions
 
Foreign currency translation adjustments
 
Actuarial losses
 
Prior service costs
 
Unrealized gain (loss) on investments
 
Other
 
Total
Balance at June 30, 2018
 
$
(51.2
)
 
$
(94.3
)
 
$
(4.7
)
 
$
4.3

 
$
(1.4
)
 
$
(147.3
)
Other comprehensive income (loss) before reclassifications
 
(2.0
)
 
(0.1
)
 
—

 
0.2

 
—

 
(1.9
)
Income taxes
 
—

 
—

 
—

 
—

 
—

 
—

Net other comprehensive income (loss) before reclassifications
 
(2.0
)
 
(0.1
)
 
—

 
0.2

 
—

 
(1.9
)
Amounts reclassified from accumulated comprehensive income (loss)
 
—

 
1.5

 
0.1

 
—

 
—

 
1.6

Income taxes
 
—

 
(0.4
)
 
—

 
—

 
—

 
(0.4
)
Net amounts reclassified from cumulative other comprehensive income (loss)
 
—

 
1.1

 
0.1

 
—

 
—

 
1.2

Total other comprehensive income (loss)
 
(2.0
)
 
1.0

 
0.1

 
0.2

 
—

 
(0.7
)
Balance at September 30, 2018
 
$
(53.2
)
 
$
(93.3
)
 
$
(4.6
)
 
$
4.5

 
$
(1.4
)
 
$
(148.0
)


 
 
 
 
Pension Adjustments
 
 
 
 
 
 
Dollar amounts in millions
 
Foreign currency translation adjustments
 
Actuarial losses
 
Prior service costs
 
Unrealized gain (loss) on investments
 
Other
 
Total
Balance at December 31, 2017
 
$
(39.7
)
 
$
(79.5
)
 
$
(4.9
)
 
$
3.5

 
$
(1.5
)
 
$
(122.1
)
Effect of adoption of ASU 2018-02
 
—

 
(17.4
)
 
—

 
0.7

 
—

 
(16.7
)
Other comprehensive income (loss) before reclassifications
 
(13.5
)

0.2


—


0.4


—

 
(12.9
)
Income taxes
 
—


—


—


(0.1
)

—

 
(0.1
)
Net other comprehensive income (loss) before reclassifications
 
(13.5
)
 
0.2

 
—

 
0.3

 
—

 
(13.0
)
Amounts reclassified from accumulated comprehensive income (loss)
 
—

 
4.6

 
0.4

 
—

 
0.1

 
5.1

Income taxes
 
—

 
(1.2
)
 
(0.1
)
 
—

 
—

 
(1.3
)
Net amounts reclassified from cumulative other comprehensive income (loss)
 
—

 
3.4

 
0.3

 
—

 
0.1

 
3.8

Total other comprehensive income (loss)
 
(13.5
)
 
3.6

 
0.3

 
0.3

 
0.1

 
(9.2
)
Balance at September 30, 2018
 
$
(53.2
)
 
$
(93.3
)
 
$
(4.6
)
 
$
4.5

 
$
(1.4
)
 
$
(148.0
)

Other comprehensive income activity, net of tax, is provided in the following table for the quarter and nine months ended September 30, 2017:
 
 
 
 
Pension Adjustments
 
 
 
 
 
 
Dollar amounts in millions
 
Foreign currency translation adjustments
 
Actuarial losses
 
Prior service costs
 
Unrealized gain (loss) on investments
 
Other
 
Total
Balance at June 30, 2017
 
$
(52.0
)
 
$
(86.4
)
 
$
(4.8
)
 
$
3.1

 
$
(0.7
)
 
$
(140.8
)
Other comprehensive income (loss) before reclassifications
 
10.4

 
(0.4
)
 
—

 
0.7

 
(0.2
)
 
10.5

Income taxes
 
—

 
—

 
—

 
(0.3
)
 
—

 
(0.3
)
Net other comprehensive income (loss) before reclassifications
 
10.4

 
(0.4
)
 
—

 
0.4

 
(0.2
)
 
10.2

Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
1.4

 
0.3

 
—

 
0.1

 
1.8

Income taxes
 
—

 
(0.5
)
 
(0.1
)
 
—

 
—

 
(0.6
)
Net amounts reclassified from cumulative other comprehensive income (loss)
 
—

 
0.9

 
0.2

 
—

 
0.1

 
1.2

Total other comprehensive income (loss)
 
10.4

 
0.5

 
0.2

 
0.4

 
(0.1
)
 
11.4

Balance at September 30, 2017
 
$
(41.6
)
 
$
(85.9
)
 
$
(4.6
)
 
$
3.5

 
$
(0.8
)
 
$
(129.4
)


 
 
 
 
Pension Adjustments
 
 
 
 
 
 
Dollar amounts in millions
 
Foreign currency translation adjustments
 
Actuarial losses
 
Prior service costs
 
Unrealized gain (loss) on investments
 
Other
 
Total
Balance at December 31, 2016
 
$
(46.3
)
 
$
(87.7
)
 
$
(5.2
)
 
$
2.7

 
$
(0.7
)
 
$
(137.2
)
Other comprehensive income (loss) before reclassifications
 
4.7

 
(0.8
)
 
—

 
1.3

 
(0.2
)
 
5.0

Income taxes
 
—

 
—

 
—

 
(0.5
)
 
—

 
(0.5
)
Net other comprehensive income (loss) before reclassifications
 
4.7

 
(0.8
)
 
—

 
0.8

 
(0.2
)
 
4.5

Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
4.2

 
0.9

 
—

 
0.1

 
5.2

Income taxes
 
—

 
(1.6
)
 
(0.3
)
 
—

 
—

 
(1.9
)
Net amounts reclassified from cumulative other comprehensive income (loss)
 
—

 
2.6

 
0.6

 
—

 
0.1

 
3.3

Total other comprehensive income (loss)
 
4.7

 
1.8

 
0.6

 
0.8

 
(0.1
)
 
7.8

Balance at September 30, 2017
 
$
(41.6
)
 
$
(85.9
)
 
$
(4.6
)
 
$
3.5

 
$
(0.8
)
 
$
(129.4
)

The amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost; see Note 17 for additional details. The net periodic pension cost is included in Cost of sales, Selling, general and administrative expenses and Other non-operating items in the Consolidated Statements of Income.

During the first nine months of 2018, the strengthening of the U.S. dollar as compared to the functional currencies of our South American operations resulted in LP recording a loss on foreign currency adjustment in other comprehensive income of $13.5 million. During the first nine months of 2018, the Brazilian real weakened 18% and the Chilean peso weakened 6% as compared to the U.S. dollar.