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Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2015
Shareholders' Equity  
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)

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

$
180.7

 

$
(391.8

)

$
(38.8

)

$
(249.9

)

Other comprehensive earnings (loss) before reclassifications

 
(199.1

)
(159.4

)
4.3

 
(354.2

)

Amounts reclassified from accumulated other comprehensive earnings (loss)

 

—

 
51.3

 
30.7

 
82.0

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 
(18.4

)
(499.9

)
(3.8

)
(522.1

)

Other comprehensive earnings (loss) before reclassifications

 
(165.1

)
25.4

 
(18.2

)
(157.9

)

Amounts reclassified from accumulated other comprehensive earnings (loss)

 

—

 
29.6

 
10.5

 
40.1

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

$
(183.5

)

$
(444.9

)

$
(11.5

)

$
(639.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information related to amounts recognized into net earnings from AOCI

 

($ in millions)

 

December 31,

 

 

 

2015

 

2014

 

2013

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

 

 

Commodity contracts recorded in net sales

 

$
5.4

 

$
(6.2

)

$
8.4

 

Commodity contracts and currency exchange contracts recorded in cost of sales

 
(23.6

)
(27.2

)
(35.9

)

Currency exchange contracts recorded in SG&A expense

 
1.7

 

—

 

—

 

Interest rate contracts recorded in interest expense

 
(0.2

)

—

 
(1.0

)

 

 

 

 

 

 

 

 

Total before tax effect

 
(16.7

)
(33.4

)

$
(28.5

)

Tax benefit (expense) on amounts reclassified into earnings

 
6.2

 
2.7

 
7.1

 

 

 

 

 

 

 

 

 

Recognized gain (loss)

 

$
(10.5

)

$
(30.7

)

$
(21.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of pension and other postretirement benefits (a):

 

 

 

 

 

 

 

Prior service income (cost)

 

$
1.0

 

$
0.6

 

$
1.0

 

Actuarial gains (losses)

 
(47.7

)
(36.8

)
(49.8

)

Effect of pension settlement

 

—

 
(45.3

)

—

 

 

 

 

 

 

 

 

 

Total before tax effect

 
(46.7

)
(81.5

)
(48.8

)

Tax benefit (expense) on amounts reclassified into earnings

 
17.1

 
30.2

 
18.2

 

 

 

 

 

 

 

 

 

Recognized gain (loss)

 

$
(29.6

)

$
(51.3

)

$
(30.6

)

 

 

 

 

 

 

 

 

 

 

 

 

(a)

These components are included in the computation of net periodic benefit cost included in Note 15.