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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2014
Components of Accumulated Other Comprehensive Income (Loss)

The following tables summarize the components of accumulated other comprehensive income (loss) at September 30, 2014, and 2013, and changes during the three and nine month periods then ended.

 

(In Millions)

    Balance at
December 31,
2013		     Net Change     Balance at
September 30,
2014		  

Net Unrealized Gains (Losses) on Securities Available for Sale

    $ 6.0      $ 32.3      $ 38.3   

Net Unrealized Gains (Losses) on Cash Flow Hedges

      2.9        (6.4 )      (3.5 ) 

Net Foreign Currency Adjustments

      7.1        (10.5 )      (3.4 ) 

Net Pension and Other Postretirement Benefit Adjustments

      (260.3 )      10.5        (249.8 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ (244.3 )    $ 25.9      $ (218.4 ) 
  

 

 

    

 

 

    

 

 

  

 

(In Millions)

    Balance at
December 31,
2012		     Net Change     Balance at
September 30,
2013		  

Net Unrealized Gains (Losses) on Securities Available for Sale

    $ 101.0      $ (74.4 )    $ 26.6   

Net Unrealized Gains (Losses) on Cash Flow Hedges

      (1.4 )      1.2        (0.2 ) 

Net Foreign Currency Adjustments

      10.5        (2.8 )      7.7   

Net Pension and Other Postretirement Benefit Adjustments

      (393.1 )      21.1        (372.0 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ (283.0 )    $ (54.9 )    $ (337.9 ) 
  

 

 

    

 

 

    

 

 

  
Components of Changes in Accumulated Other Comprehensive Income (Loss)
     Three Months Ended September 30,  
     2014     2013  

(In Millions)

    Before Tax     Tax Effect     After Tax     Before Tax     Tax Effect     After Tax  

Unrealized Gains (Losses) on Securities Available for Sale

             

Noncredit-Related Unrealized Gains (Losses) on Securities OTTI

    $ 5.5      $ (2.1 )    $ 3.4      $ —        $ —        $ —     

Other Unrealized Gains (Losses) on Securities Available for Sale

      (14.2 )      5.4        (8.8 )      7.3        (2.8 )      4.5   

Reclassification Adjustment for (Gains) Losses Included in Net Income

      (0.3 )      —          (0.3 )      2.1        (0.8 )      1.3   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

      (9.0 )      3.3        (5.7 )      9.4        (3.6 )      5.8   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unrealized Gains (Losses) on Cash Flow Hedges

             

Unrealized Gains (Losses) on Cash Flow Hedges

      (7.6 )      2.5        (5.1 )      5.3        (1.7 )      3.6   

Reclassification Adjustment for (Gains) Losses Included in Net Income

      (3.7 )      1.4        (2.3 )      1.1        (0.4 )      0.7   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

      (11.3 )      3.9        (7.4 )      6.4        (2.1 )      4.3   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Foreign Currency Adjustments

             

Foreign Currency Translation Adjustments

      (77.1 )      6.6        (70.5 )      55.0        (4.0 )      51.0   

Long-Term Intra-Entity Foreign Currency Transaction Losses

      (7.4 )      —          (7.4 )      —          —          —     

Net Investment Hedge Gains (Losses)

      119.9        (45.6 )      74.3        (88.8 )      33.4        (55.4 ) 

Reclassification Adjustment for (Gains) Losses Included in Net Income

      —          —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

      35.4        (39.0 )      (3.6 )      (33.8 )      29.4        (4.4 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Pension and Other Postretirement Benefit Adjustments

             

Net Actuarial Gain (Loss)

      —          —          —          —          —          —     

Reclassification Adjustment for (Gains) Losses Included in Net Income

      6.5        (3.0 )      3.5        11.3        (4.2 )      7.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

    $ 6.5      $ (3.0 )    $ 3.5      $ 11.3      $ (4.2 )    $ 7.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

     Nine Months Ended September 30,  
     2014     2013  

(In Millions)

    Before Tax     Tax Effect     After Tax     Before Tax     Tax Effect     After Tax  

Unrealized Gains (Losses) on Securities Available for Sale

             

Noncredit-Related Unrealized Gains (Losses) on Securities OTTI

    $ 3.7      $ (1.4 )    $ 2.3      $ 2.1      $ (0.8 )    $ 1.3   

Other Unrealized Gains (Losses) on Securities Available for Sale

      48.8        (18.2 )      30.6        (123.2 )      46.3        (76.9 ) 

Reclassification Adjustment for (Gains) Losses Included in Net Income

      (0.6 )      —          (0.6 )      1.9        (0.7 )      1.2   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

      51.9        (19.6 )      32.3        (119.2 )      44.8        (74.4 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unrealized Gains (Losses) on Cash Flow Hedges

             

Unrealized Gains (Losses) on Cash Flow Hedges

      (6.5 )      2.2        (4.3 )      (4.0 )      1.6        (2.4 ) 

Reclassification Adjustment for (Gains) Losses Included in Net Income

      (3.3 )      1.2        (2.1 )      5.7        (2.1 )      3.6   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

      (9.8 )      3.4        (6.4 )      1.7        (0.5 )      1.2   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Foreign Currency Adjustments

             

Foreign Currency Translation Adjustments

      (57.2 )      6.0        (51.2 )      5.3        (2.3 )      3.0   

Long-Term Intra-Entity Foreign Currency Transaction Losses

      (9.0 )      —          (9.0 )      —          —          —     

Net Investment Hedge Gains (Losses)

      79.7        (30.0 )      49.7        (9.3 )      3.5        (5.8 ) 

Reclassification Adjustment for (Gains) Losses Included in Net Income

      —          —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

      13.5        (24.0 )      (10.5 )      (4.0 )      1.2        (2.8 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Pension and Other Postretirement Benefit Adjustments

             

Net Actuarial Gain (Loss)

      —          —          —          —          —          —     

Reclassification Adjustment for (Gains) Losses Included in Net Income

      19.0        (8.5 )      10.5        33.7        (12.6 )      21.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change

    $ 19.0      $ (8.5 )    $ 10.5      $ 33.7      $ (12.6 )    $ 21.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Reclassification Out of Accumulated Other Comprehensive Income (Loss)

The following table provides the location and before-tax amounts of reclassifications out of accumulated other comprehensive income (loss) during the three and nine months ended September 30, 2014.

 

(In Millions)

  

Location of
Reclassification Adjustments
Recognized in Income

  

Amount of Reclassification

Adjustments Recognized

in Income

  
    Three Months Ended     Nine Months Ended  
    September 30, 2014  

Securities Available for Sale

      

Realized (Gains) Losses on Securities Available for Sale

   Investment Security Gains (Losses), net   $ (0.3 )    $ (0.6 ) 
   

 

 

    

 

 

  

Realized (Gains) Losses on Cash Flow Hedges

      

Foreign Exchange Contracts

   Other Operating Income/Expense     (3.7 )      (3.3 ) 
   

 

 

    

 

 

  

Pension and Other Postretirement Benefit Adjustments

      

Amortization of Net Actuarial (Gain) Loss

   Employee Benefits     (0.3 )      (1.1 ) 

Amortization of Prior Service Cost

   Employee Benefits     6.8        20.1   
   

 

 

    

 

 

  

Gross Reclassification Adjustment

     $ 6.5      $ 19.0