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Shareholders' Equity and Comprehensive Earnings (Tables)
3 Months Ended
Mar. 31, 2015
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, 2014

 

$

(18.4

)

$

(499.9

)

$

(3.8

)

$

(522.1

)

Other comprehensive earnings (loss) before reclassifications

 

(138.6

)

11.6

 

(1.4

)

(128.4

)

Amounts reclassified from accumulated other comprehensive earnings (loss)

 

 

7.5

 

0.9

 

8.4

 

Balance at March 31, 2015

 

$

(157.0

)

$

(480.8

)

$

(4.3

)

$

(642.1

)

 

Information related to amounts recognized into net earnings from AOCI

 

 

 

Three Months Ended March 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

Commodity contracts recorded in net sales

 

$

(1.4

)

$

0.8

 

Commodity contracts and currency exchange contracts recorded in cost of sales

 

 

(7.5

)

Interest rate contracts recorded in interest expense

 

(0.2

)

(0.3

)

Total before tax effect

 

(1.6

)

(7.0

)

Tax benefit (expense) on amounts reclassified into earnings

 

0.7

 

0.9

 

Recognized gain (loss)

 

$

(0.9

)

$

(6.1

)

 

 

 

 

 

 

Amortization of pension and other postretirement benefits (a):

 

 

 

 

 

Prior service income (cost)

 

$

0.4

 

$

0.1

 

Actuarial gains (losses)

 

(12.3

)

(8.5

)

Total before tax effect

 

(11.9

)

(8.4

)

Tax benefit (expense) on amounts reclassified into earnings

 

4.4

 

3.1

 

Recognized gain (loss)

 

$

(7.5

)

$

(5.3

)

 

(a)

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