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Shareholders' Equity and Comprehensive Earnings (Tables)
3 Months Ended
Mar. 31, 2014
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, 2013

 

$

179.9

 

$

(381.8

)

$

(38.8

)

$

(240.7

)

Other comprehensive earnings (loss) before reclassifications

 

(23.5

)

(0.2

)

(3.5

)

(27.2

)

Amounts reclassified from accumulated other comprehensive earnings (loss)

 

 

5.3

 

6.1

 

11.4

 

Balance at March 31, 2014

 

$

156.4

 

$

(376.7

)

$

(36.2

)

$

(256.5

)

 

Information related to amounts recognized into net earnings from AOCI

 

 

 

 

Three Months Ended March 31,

 

($ in millions)

 

2014

 

2013

 

 

 

 

 

 

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

Commodity contracts recorded in net sales

 

$

0.8

 

$

(0.6

)

Commodity contracts and currency exchange contracts recorded in cost of sales

 

(7.5

)

(4.3

)

Interest rate contracts recorded in interest expense

 

(0.3

)

(0.3

)

Total before tax effect

 

(7.0

)

(5.2

)

Tax benefit (expense) on amounts reclassified into earnings

 

0.9

 

1.7

 

Recognized gain (loss)

 

$

(6.1

)

$

(3.5

)

 

 

 

 

 

 

Amortization of pension and other postretirement benefits (a):

 

 

 

 

 

Prior service income (cost)

 

$

0.1

 

$

0.1

 

Actuarial gains (losses)

 

(8.5

)

(11.9

)

Total before tax effect

 

(8.4

)

(11.8

)

Tax benefit (expense) on amounts reclassified into earnings

 

3.1

 

4.6

 

Recognized gain (loss)

 

$

(5.3

)

$

(7.2

)

 

(a)         These components are included in the computation of net periodic benefit cost included in Note 11.