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Accumulated Other Comprehensive (Loss) Income (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in the accumulated balances for each component of AOCI for each period presented (in millions of dollars):
 
 
Quarter Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2018
 
2017
 
2018
 
2017
Defined Benefit Pension Plan and Salaried VEBA:
 
 
 
 
 
 
 
 
Beginning balance
 
$
(37.3
)
 
$
(36.2
)
 
$
(38.5
)
 
$
(37.1
)
Amortization of net actuarial loss1
 
0.2

 
0.2

 
0.4

 
0.4

Amortization of prior service cost1
 
1.4

 
1.2

 
2.7

 
2.4

Less: income tax expense2
 
(0.4
)
 
(0.6
)
 
(0.7
)
 
(1.1
)
Net amortization reclassified from AOCI to Net income
 
1.2

 
0.8

 
2.4

 
1.7

Other comprehensive income, net of tax
 
1.2

 
0.8

 
2.4

 
1.7

Ending balance
 
$
(36.1
)
 
$
(35.4
)
 
$
(36.1
)
 
$
(35.4
)
 
 
 
 
 
 
 
 
 
Available for Sale Securities:
 
 
 
 
 
 
 
 
Beginning balance
 
$
0.7

 
$
0.9

 
$
0.9

 
$
0.8

Unrealized gain on available for sale securities
 
1.3

 
1.0

 
2.3

 
2.1

Less: income tax expense
 
(0.4
)
 
(0.4
)
 
(0.6
)
 
(0.8
)
Net unrealized gain on available for sale securities
 
0.9

 
0.6

 
1.7

 
1.3

Reclassification of unrealized gain upon sale of available for sale securities3
 
(1.2
)
 
(0.7
)
 
(2.7
)
 
(1.6
)
Less: income tax benefit2
 
0.2

 
0.3

 
0.7

 
0.6

Net gain reclassified from AOCI to Net income
 
(1.0
)
 
(0.4
)
 
(2.0
)
 
(1.0
)
Other comprehensive (loss) income, net of tax
 
(0.1
)
 
0.2

 
(0.3
)
 
0.3

Ending balance
 
$
0.6

 
$
1.1

 
$
0.6

 
$
1.1

 
 
 
 
 
 
 
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
 
Beginning balance
 
$
(8.8
)
 
$
0.1

 
$
0.5

 
$
(0.2
)
Unrealized gain (loss) on cash flow hedges
 
10.9

 
(0.1
)
 
(1.3
)
 
0.2

Less: income tax (expense) benefit
 
(2.6
)
 
—

 
0.4

 
(0.1
)
Net unrealized gain (loss) on cash flow hedges
 
8.3

 
(0.1
)
 
(0.9
)
 
0.1

Reclassification of unrealized (gain) loss upon settlement of cash flow hedges4
 
(3.9
)
 
0.1

 
(4.0
)
 
0.3

Less: income tax benefit (expense)2
 
0.9

 
—

 
0.9

 
(0.1
)
Net (gain) loss reclassified from AOCI to Net income
 
(3.0
)
 
0.1

 
(3.1
)
 
0.2

Other comprehensive income (loss), net of tax
 
5.3

 
—

 
(4.0
)
 
0.3

Ending balance
 
$
(3.5
)
 
$
0.1

 
$
(3.5
)
 
$
0.1

 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2018
 
2017
 
2018
 
2017
Foreign Currency Translation:
 
 
 
 
 
 
 
 
Beginning balance
 
$
—

 
$
(0.2
)
 
$
—

 
$
(0.2
)
Other comprehensive income, net of tax
 
—

 
0.1

 
—

 
0.1

Ending balance
 
$
—

 
$
(0.1
)
 
$
—

 
$
(0.1
)
 
 
 
 
 
 
 
 
 
Total AOCI ending balance
 
$
(39.0
)
 
$
(34.3
)
 
$
(39.0
)
 
$
(34.3
)
____________________
1 
Amounts amortized out of AOCI relating to Salaried VEBA adjustments were included within Other (expense) income, net, as a component of Net periodic postretirement benefit cost relating to Salaried VEBA.
2 
Income tax amounts reclassified out of AOCI were included as a component of Income tax provision.
3 
Amounts reclassified out of AOCI relating to sales of available for sale securities were included as a component of Other (expense) income, net. We use the specific identification method to determine the amount reclassified out of AOCI.
4 
Amounts reclassified out of AOCI relating to cash flow hedges were included as a component of Cost of products sold, excluding depreciation and amortization and other items. As of June 30, 2018, we estimate a net mark-to-market loss before tax of $2.5 million in AOCI will be reclassified into Net income within the next 12 months.