Shareowners' Deficit

6 Months Ended

Jun. 30, 2018

Shareowners' Deficit [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareowners' Deficit

Accumulated Other Comprehensive Loss

For the six months ended June 30, 2018, the changes in accumulated other comprehensive loss by component were as follows:

(dollars in millions)	Unrecognized Net Periodic Pension and Postretirement Benefit Cost				Unrealized Loss on Cash Flow Hedge				Foreign Currency Translation Loss			Total
Balance as of December 31, 2017	$	(173.1	)		$	—			$	(0.6	)	$	(173.7	)
Reclassifications, net	7.0			(a)	—				—			7.0
Unrealized loss on cash flow hedge arising during the period, net	—				(1.5		)	(b)	—			(1.5		)
Foreign currency loss	—				—				(4.3		)	(4.3		)
Balance as of June 30, 2018	$	(166.1	)		$	(1.5	)		$	(4.9	)	$	(172.5	)

(a) These reclassifications are included in the other components of net periodic pension and postretirement benefit plans expense and represent amortization of prior service benefit and actuarial loss, net of tax (see Note 9 for additional details). The other components of net periodic pension and postretirement benefit plans expense are recorded in "Other components of pension and postretirement benefit plans expense" on the Condensed Consolidated Statements of Operations. See Note 9 for further disclosures.

(b) In June 2018, the Company entered into an interest rate swap agreement to minimize its exposure to interest rate fluctuations on variable rate debt. The interest rate swap is considered a derivative instrument and qualifies for cash flow hedge accounting in accordance with ASC 815. The unrealized loss on cash flow hedge represents the change in the fair value of the derivative instrument that occurred during the period, net of tax. This unrealized loss is recorded in "Other noncurrent liabilities" on the Condensed Consolidated Balance Sheets.