Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2018

The following is a roll forward of retained earnings for the six months ended June 30, 2018:

($ in millions)	Retained Earnings
Balance at December 31, 2017	$	256.7
Net loss		(0.3	)
Balance at June 30, 2018	$	256.4

Reconciliation of accumulated other comprehensive loss

A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the six months ended June 30, 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	)
Other comprehensive loss before reclassifications		(3.6	)		(0.1	)		(26.8	)		(30.5	)
Amounts reclassified from accumulated other comprehensive loss		0.3			0.8			—			1.1
Net other comprehensive income (loss)		(3.3	)		0.7			(26.8	)		(29.4	)
Balance at June 30, 2018		(3.2	)		(43.7	)		(67.8	)		(114.7	)

($ 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 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	)
Other comprehensive income before reclassifications		—			—			23.1			23.1
Amounts reclassified from accumulated other comprehensive loss		0.1			0.5			—			0.6
Net other comprehensive income		0.1			0.5			23.1			23.7
Balance at June 30, 2017		0.3			(50.7	)		(77.6	)		(128.0	)

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 and six months ended June 30, 2018:

	Three Months Ended June 30, 2018			Six Months Ended June 30, 2018
($ in millions)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Recognized Location
Gains and losses on cash flow hedges
Commodity contracts	$	(0.3	)	$	(0.3	)		Cost of sales
		(0.3	)		(0.3	)		Total before tax
		—			—			Tax expense
	$	(0.3	)	$	(0.3	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(1.4	)	$	(2.8	)	(a)	Other income (expense) - net
Prior service cost		0.7			1.4		(a)	Other income (expense) - net
		(0.7	)		(1.4	)		Total before tax
		(0.1	)		—			Tax benefit
	$	(0.8	)	$	(1.4	)		Net of tax

Total reclassifications for the period	$	(1.1	)	$	(1.7	)		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 and six months ended June 30, 2017:

	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
($ in millions)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Recognized Location
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(0.1	)	$	(0.3	)		Cost of sales
		(0.1	)		(0.3	)		Total before tax
		—			—			Tax expense
	$	(0.1	)	$	(0.3	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(1.3	)	$	(2.6	)	(a)	Other income (expense) - net
Prior service cost	$	0.4		$	0.7		(a)	Other income (expense) - net
		(0.9	)		(1.9	)		Total before tax
		0.4			0.8			Tax expense
	$	(0.5	)	$	(1.1	)		Net of Tax

Total reclassifications for the period	$	(0.6	)	$	(1.4	)		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).