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Other Comprehensive Income/(Loss)
 12 Months Ended
Dec. 31, 2012
Statement of Other Comprehensive Income [Abstract]  
Other Comprehensive Income/(Loss)

The components of accumulated other comprehensive income/(loss) at December 31 were as follows:
$ in millions
2012
 
2011
 
2010
Net unrealized gains/(losses) on available-for-sale investments
7.9

 
(2.2
)
 
10.1

Tax on unrealized gains/(losses) on available-for-sale investments
(1.8
)
 
(0.6
)
 
(2.4
)
Accumulated other comprehensive income/(loss) of equity method investments
2.1

 
(4.3
)
 
2.9

Cumulative foreign currency translation adjustments
598.6

 
452.7

 
524.6

Tax on cumulative foreign currency translation adjustments
3.1

 
2.5

 
2.0

Employee benefit plan liability adjustments
(102.6
)
 
(98.2
)
 
(55.8
)
Tax on employee benefit plan liability adjustments
23.2

 
23.4

 
14.1

Total accumulated other comprehensive income, net of tax
530.5

 
373.3

 
495.5



Total other comprehensive income/(loss) details are presented below for the years ended December 31.
$ in millions
2012
 
2011
 
2010
Net income
587.3

 
622.0

 
636.8

Unrealized holding gains and losses on available-for-sale investments*
14.0

 
(12.2
)
 
11.5

Tax on unrealized holding gains and losses on available-for-sale investments
(1.0
)
 
1.7

 
(2.7
)
Comprehensive income of equity method investments
6.4

 
(7.2
)
 
2.9

Reclassification adjustments for net (gains) and losses on available-for-sale investments included in net income
(3.9
)
 
(0.1
)
 
(1.6
)
Tax on reclassification adjustments for gains (losses) on available-for-sale investments included in net income
(0.2
)
 
0.1

 
1.9

Foreign currency translation adjustments**
145.0

 
(48.8
)
 
77.3

Tax on foreign currency translation adjustments
0.6

 
0.5

 
—

Adjustments to employee benefit plan liability
(4.4
)
 
(42.4
)
 
18.7

Tax on adjustments to employee benefit plan liability
(0.2
)
 
9.3

 
(6.2
)
Total comprehensive income
743.6

 
522.9

 
738.6


____________

*
The company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010, resulting in the consolidation of certain CLOs. Upon adoption, accumulated other comprehensive income was reduced by $5.2 million, as accumulated net unrealized gains at January 1, 2010 relating to the company's investments in certain CLOs were reclassified into retained earnings upon their consolidation.
**
Included in this amount are net losses of $0.9 million for the year ended December 31, 2012 related to foreign currency translation adjustments attributable to consolidated investment products (year ended December 31, 2011: net gains of $23.1 million; December 31, 2010: net losses of $5.3 million). Of this amount, gross losses of $6.3 million are reclassified from accumulated other comprehensive income into retained earnings appropriated for investors in consolidated investment products (year ended December 31, 2011: gains of $8.7 million; December 31, 2010: losses of $5.3 million).