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Shareholders' Equity and Comprehensive Earnings (Tables)
9 Months Ended
Sep. 30, 2013
Shareholders' Equity and Comprehensive Earnings  
Schedule of activity related to accumulated other comprehensive earnings (loss)

 

($ in millions)

 

Foreign
Currency
Translation

 

Pension and
Other
Postretirement
Benefits
(Net of Tax)

 

Effective
Derivatives
(Net of Tax)

 

Accumulated
Other
Comprehensive
Earnings (Loss)

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2012

 

$

117.5

 

$

(461.0

)

$

(8.9

)

$

(352.4

)

Other comprehensive earnings (loss) before reclassifications

 

29.7

 

(3.8

)

(37.0

)

(11.1

)

Amounts reclassified from Accumulated other comprehensive earnings (loss)

 

 

21.5

 

13.9

 

35.4

 

Balance at September 30, 2013

 

$

147.2

 

$

(443.3

)

$

(32.0

)

$

(328.1

)

Information related to amounts recognized into net earnings from AOCI

 

 

Three Months Ended

 

Nine Months Ended

 

($ in millions)

 

September 30, 2013

 

September 30, 2013

 

 

 

 

 

 

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

Commodity contracts recorded in net sales

 

$

2.8

 

$

5.2

 

Commodity contracts and currency exchange contracts recorded in cost of sales

 

(13.2

)

(23.6

)

Interest rate contracts recorded in interest expense

 

(0.3

)

(0.8

)

Total before tax effect

 

(10.7

)

(19.2

)

Tax benefit (expense) on amounts reclassified into earnings

 

2.7

 

5.3

 

Recognized gain (loss)

 

$

(8.0

)

$

(13.9

)

 

 

 

 

 

 

Amortization of pension and other postretirement benefits (a):

 

 

 

 

 

Prior service income (cost)

 

$

0.1

 

$

0.3

 

Actuarial gains (losses)

 

(11.9

)

(35.7

)

Total before tax effect

 

(11.8

)

(35.4

)

Tax benefit (expense) on amounts reclassified into earnings

 

4.7

 

13.9

 

Recognized gain (loss)

 

$

(7.1

)

$

(21.5

)

 

(a)         These components are included in the computation of net periodic benefit cost included in Note 12.