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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss as of March 31, 2015 are as follows:
 
Foreign Currency Translation
 
Actuarial (Loss) Gain on Post-retirement Benefits
 
Deferred Gain (Loss) - Hedging
 
Other
 
Accumulated Other Comprehensive Loss
Balance at January 1, 2015
$
(5.4
)
 
$
(235.3
)
 
$
(2.2
)
 
$
(0.3
)
 
$
(243.2
)
Currency translation adjustment, net of tax benefit of $2.6 million
$
(13.4
)
 


 


 


 
(13.4
)
Amortization of pension related costs, net of tax benefit of $0.3 million(a)     


 
$
1.7

 


 


 
1.7

Revaluation of derivative financial instrument, net of tax benefit of $1.2 million(b)


 


 
$
(1.9
)
 


 
(1.9
)
Other comprehensive loss
(13.4
)
 
1.7

 
(1.9
)
 

 
(13.6
)
Balance at March 31, 2015
$
(18.8
)
 
$
(233.6
)
 
$
(4.1
)
 
$
(0.3
)
 
$
(256.8
)
(a) 
Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 9, “Pension and Post-retirement Benefits,” for further discussion of the Company’s pension and other post-retirement plans.
(b)  
For the three months ended March 31, 2015, the 2013 Interest Rate Swap was deemed effective and therefore, the changes in fair value related to the 2013 Interest Rate Swap are recorded in other comprehensive loss. See Note 8, "Financial Instruments" for further discussion of the 2013 Interest Rate Swap.