Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2018

The following is a roll forward of retained earnings for the three months ended March 31, 2018 and 2017:

($ in millions)	Retained Earnings
Balance at December 31, 2017	$	256.7
Net loss		(10.0	)
Balance at March 31, 2018	$	246.7

Reconciliation of accumulated other comprehensive loss

A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended March 31, 2018 and 2017 is as follows:

($ in millions)	Gains and Losses on Cash Flow Hedges		Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2017	$	0.1	$	(45.1	)	$	(52.4	)	$	(97.4	)
Other comprehensive income before reclassifications		—		0.1			11.4			11.5
Amounts reclassified from accumulated other comprehensive loss		—		0.6			—			0.6
Net other comprehensive income		—		0.7			11.4			12.1
Balance at March 31, 2018	$	0.1	$	(44.4	)	$	(41.0	)	$	(85.3	)

($ in millions)	Gains and Losses on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2016	$	(0.3	)	$	(51.8	)	$	(110.8	)	$	(162.9	)
Other comprehensive income (loss) before reclassifications		0.3			—			10.1			10.4
Amounts reclassified from accumulated other comprehensive loss		0.2			0.6			—			0.8
Net other comprehensive income		0.5			0.6			10.1			11.2
Balance at March 31, 2017	$	0.2		$	(51.2	)	$	(100.7	)	$	(151.7	)

Reclassification out of accumulated other comprehensive income (loss)

The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2018:

($ in millions)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Recognized Location
Amortization of pension and postretirement items
Actuarial losses	$	(1.4	)	(a)	Other income (expense) - net
Prior service cost		0.7			Other income (expense) - net
		(0.7	)		Total before tax
		0.1			Tax expense
	$	(0.6	)		Net of tax

Total reclassifications for the period	$	(0.6	)		Net of tax

(a)	These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).

The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2017:

($ in millions)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Recognized Location
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(0.2	)		Cost of sales
		(0.2	)		Total before tax
		—			Tax expense
	$	(0.2	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(1.3	)	(a)	Other income (expense) - net
Prior service cost		0.3		(a)	Other income (expense) - net
		(1.0	)		Total before tax
		0.4			Tax expense
	$	(0.6	)		Net of Tax

Total reclassifications for the period	$	(0.8	)		Net of Tax

(a)	These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).