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COMPREHENSIVE INCOME
 12 Months Ended
Dec. 31, 2013
Disclosure Comprehensive Income Loss Components Of Comprehensive Income Loss [Abstract]  
Comprehensive Income
16. COMPREHENSIVE INCOME

As discussed in Note 1, in the second quarter of 2013, we elected to change our method of accounting for actuarial gains and losses for our continuing pension and OPEB plans. This accounting change has been applied retrospectively to all periods presented.

The following table presents changes in accumulated other comprehensive income (“AOCI”) by component for the year ended December 31, 2013:
 
Year ended December 31, 2013
 
Accumulated Pension Liabilities
 
Cumulative Translation Adjustments
 
Total
Balance, beginning of period
$
(7.8
)
 
$
163.5

 
$
155.7

Other comprehensive income before reclassifications
(1.0
)
 
(19.7
)
 
(20.7
)
Amounts reclassified from AOCI
17.4

 
(56.7
)
 
(39.3
)
Net current period OCI
16.4

 
(76.4
)
 
(60.0
)
Balance, end of period
$
8.6

 
$
87.1

 
$
95.7



The following table presents a summary of reclassification adjustments out of AOCI for the year ended December 31, 2013:
Details of AOCI components
 
Amount Reclassified from AOCI
 
Affected line item in the statement where net income is presented
  Amortization of prior service costs/credits
 
$
(3.2
)
 
(1) 
  Curtailment impact on prior service costs/credits
 
0.1

 
Other (expense) income, net
 
 
(3.1
)
 
Total before tax
 
 
1.2

 
Tax expense
 
 
$
(1.9
)
 
Net of tax
Amortization related to discontinued plans
 
0.5

 
Earnings from operations of discontinued businesses, net of tax
Impact from sale of Coating Resins
 
18.8

 
Net (loss) gain on sale of discontinued operations, net of tax
Total pension related
 
$
17.4

 
 
 
 
 
 
 
Cumulative translation adjustments:
 
 
 
 
Impact from sale of Coating Resins and the Industrial Materials distribution product line
 
$
(56.7
)
 
Net (loss) gain on sale of discontinued operations, net of tax
(1)
These accumulated other comprehensive income components are included in the computation of net periodic pension cost, and allocated to various line items on the consolidated statements of income, primarily manufacturing cost of sales. See Note 14, “Employee Benefit Plans,” for additional information on net periodic pension cost.