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Shareholders' Equity and Comprehensive Earnings (Tables)
 6 Months Ended
Jun. 30, 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

 
(92.4

)
8.4

 
(12.9

)
(96.9

)

Amounts reclassified from accumulated other comprehensive earnings (loss)

 

—

 
14.4

 
0.9

 
15.3

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2015

 

$
(110.8

)

$
(477.1

)

$
(15.8

)

$
(603.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information related to amounts recognized into net earnings from AOCI

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

($ in millions)

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

 

 

 

 

Commodity contracts recorded in net sales

 

$
2.2

 

$
(1.3

)

$
0.8

 

$
(0.5

)

Commodity contracts and currency exchange contracts recorded in cost of sales

 
(2.7

)
(6.4

)
(2.7

)
(13.9

)

Interest rate contracts recorded in interest expense

 
0.1

 

—

 
(0.1

)
(0.3

)

 

 

 

 

 

 

 

 

 

 

Total before tax effect

 
(0.4

)
(7.7

)
(2.0

)
(14.7

)

Tax benefit (expense) on amounts reclassified into earnings

 
0.4

 
1.2

 
1.1

 
2.1

 

 

 

 

 

 

 

 

 

 

 

Recognized gain (loss)

 

$

—

 

$
(6.5

)

$
(0.9

)

$
(12.6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of pension and other postretirement benefits (a):

 

 

 

 

 

 

 

 

 

Prior service income (cost)

 

$
0.6

 

$
0.1

 

$
1.0

 

$
0.2

 

Actuarial gains (losses)

 
(11.4

)
(8.6

)
(23.7

)
(17.1

)

 

 

 

 

 

 

 

 

 

 

Total before tax effect

 
(10.8

)
(8.5

)
(22.7

)
(16.9

)

Tax benefit (expense) on amounts reclassified into earnings

 
3.9

 
3.1

 
8.3

 
6.2

 

 

 

 

 

 

 

 

 

 

 

Recognized gain (loss)

 

$
(6.9

)

$
(5.4

)

$
(14.4

)

$
(10.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

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