XML 46 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of, and changes in, accumulated other comprehensive income (loss), net of tax were as follows:
(in millions of dollars)
Derivative
Financial
Instruments
 
 
Foreign
Currency
Adjustments
 
Unrecognized
Pension and Other
Post-retirement
Benefit Costs
 
Accumulated
Other
Comprehensive
Income (Loss)
Balance at December 31, 2016
$
2.5

 
$
(285.9
)
 
$
(136.0
)
 
$
(419.4
)
Other comprehensive loss before reclassifications, net of tax
(2.5
)
 
(6.8
)
 
(4.9
)
 
(14.2
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
(1.0
)
 

 
1.7

 
0.7

Balance at June 30, 2017
$
(1.0
)
 
$
(292.7
)
 
$
(139.2
)
 
$
(432.9
)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
The reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2017 and 2016 were as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
(in millions of dollars)
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Amount Reclassified from Accumulated Other Comprehensive Income
Location on Income Statement
Details about Accumulated Other Comprehensive Income Components
Gain on cash flow hedges:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
0.5

 
$
(1.5
)
 
$
1.6

 
$
(0.8
)
Cost of products sold
Tax expense
 
(0.2
)
 
0.4

 
(0.6
)
 
0.2

Income tax expense
Net of tax
 
$
0.3

 
$
(1.1
)
 
$
1.0

 
$
(0.6
)
 
Defined benefit plan items:
 
 
 
 
 
 
 
 
 
Amortization of actuarial loss
 
$
(1.2
)
 
$
(1.0
)
 
$
(2.3
)
 
$
(2.0
)
(1)
Amortization of prior service cost
 
(0.1
)
 
(0.1
)
 
(0.2
)
 
(0.2
)
(1)
Total before tax
 
(1.3
)
 
(1.1
)
 
(2.5
)
 
(2.2
)
 
Tax benefit
 
0.5

 
0.4

 
0.8

 
0.8

Income tax expense
Net of tax
 
$
(0.8
)
 
$
(0.7
)
 
$
(1.7
)
 
$
(1.4
)
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period, net of tax
 
$
(0.5
)
 
$
(1.8
)
 
$
(0.7
)
 
$
(2.0
)
 

(1)
These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for pension and post-retirement plans (See "Note 5. Pension and Other Retiree Benefits" for additional details).