XML 35 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2014
Disclosure Comprehensive Income Loss Components Of Comprehensive Income Loss [Abstract]  
Components of Comprehensive Income (Loss)
The components of comprehensive income, which represents the change in equity from non-owner sources, for the three months ended March 31, 2014 and 2013 are as follows:
 
Three Months Ended March 31,
 
2014
 
2013
Net earnings
$
55.9

 
$
36.0

Other comprehensive income:
 
 
 
Accumulated pension liability, net of tax
(0.4
)
 
(0.4
)
Foreign currency translation adjustments
(5.9
)
 
(26.3
)
Comprehensive income
$
49.6

 
$
9.3

Less: Comprehensive income attributable to noncontrolling interest
—

 
(0.2
)
Comprehensive income attributable to Cytec Industries Inc.
$
49.6

 
$
9.1
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents changes in accumulated other comprehensive income (“AOCI”) by component for the three months ended March 31, 2014 and 2013:
 
Three Months Ended March 31,
 
2014
 
2013
 
Accumulated Pension Liabilities
 
Cumulative Translation Adjustments
 
Total
 
Accumulated Pension Liabilities
 
Cumulative Translation Adjustments
 
Total
Balance, beginning of period
$
8.6

 
$
87.1

 
$
95.7

 
$
(7.8
)
 
$
163.5

 
$
155.7

Other comprehensive income
before reclassifications
—

 
(5.9
)
 
(5.9
)
 
—

 
(26.3
)
 
(26.3
)
Amounts reclassified from
AOCI
(0.4
)
 
—

 
(0.4
)
 
(0.4
)
 
—

 
(0.4
)
Net current period OCI
(0.4
)
 
(5.9
)
 
(6.3
)
 
(0.4
)
 
(26.3
)
 
(26.7
)
Balance, end of period
$
8.2

 
$
81.2

 
$
89.4

 
$
(8.2
)
 
$
137.2

 
$
129.0
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The following table presents a summary of reclassification adjustments out of AOCI for the three months ended March 31, 2014 and 2013:
 
 
Three Months Ended March 31,
 
Affected line item in the statement where net income is presented
Details of AOCI component
 
2014
 
2013
 
Amortization of defined benefit pension items
 
 
 
 
 
 
Prior service costs
 
$
(0.7
)
 
$
(0.8
)
 
(1) 
 
 
(0.7
)
 
(0.8
)
 
Total before tax
 
 
0.3

 
0.4

 
Tax benefit
 
 
(0.4
)
 
(0.4
)
 
Net of tax
Total pension reclassifications
 
$
(0.4
)
 
$
(0.4
)
 
 
__________________
(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 15 - Employee Benefit Plans for additional information on net periodic pension cost.