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ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of accumulated other comprehensive loss as of September 30, 2014 are as follows:
 
Foreign Currency Translation
 
Actuarial (Loss) Gain on Post-retirement Benefits
 
Deferred Gain (Loss) - Hedging
 
Accumulated Other Comprehensive Loss
Balance, January 1, 2014
$
19.2

 
$
(170.5
)
 
$
1.5

 
$
(149.8
)
Currency translation adjustment, net of tax benefit of $0.4 million
(17.1
)
 
—

 
—

 
(17.1
)
Amortization of pension related costs, net of tax of nil (a)     
—

 
3.4

 
—

 
3.4

Revaluation of derivative financial instrument, net of tax benefit of $1.4 million(b)
—

 
—

 
(2.3
)
 
(2.3
)
Other comprehensive income (loss)
(17.1
)
 
3.4

 
(2.3
)
 
(16.0
)
Balance, September 30, 2014
$
2.1

 
$
(167.1
)
 
$
(0.8
)
 
$
(165.8
)

(a) 
Amount represents the change in accumulated other comprehensive loss as a result of the amortization of unrecognized prior service costs and actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 5, “Pension and Post-retirement Benefits,” for further discussion of the Company’s pension and other post-retirement plans.
(b)  
For the nine months ended September 30, 2014, the 2013 Interest Rate Swap (as hereinafter defined) was deemed effective and therefore the changes in fair value related to the 2013 Interest Rate Swap are recorded in other comprehensive income. See Note 14, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.