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Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2014
Accumulated Comprehensive Income Components reclassification

The following table presents details about components of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2014, respectively:

 
Foreign currency translation adjustments
Pension and postretirement liability adjustments
Change in fair value of derivative financial instruments
Total
Balance at June 30, 2014
$
48.5

$
(445.7
)
$
(0.6
)
$
(397.8
)
Other comprehensive (loss) income before
  reclassifications, before income tax
(25.9
)
6.1

(0.1
)
(19.9
)
Amounts reclassified from accumulated other
  comprehensive income, before income tax
—

13.5

0.1

13.6

Income tax (benefit)
—

(4.2
)
(0.7
)
(4.9
)
Net current period other comprehensive (loss) income,
  net of income taxes
(25.9
)
15.4

(0.7
)
(11.2
)
Non-controlling interest
0.5

—

—

0.5

Net current period comprehensive (loss) income, net of
  income taxes and non-controlling interest
(25.4
)
15.4

(0.7
)
(10.7
)
Balance at September 30, 2014
$
23.1

$
(430.3
)
$
(1.3
)
$
(408.5
)


 
Foreign currency
translation adjustments
Pension and postretirement
liability adjustments
Change in fair value of
derivative financial instruments
Total
Balance at December 31, 2013
$
37.5

$
(663.2
)
$
(0.4
)
$
(626.1
)
Other comprehensive (loss) income before
  reclassifications, before income tax
(17.6
)
(33.4
)
(1.0
)
(52.0
)
Amounts reclassified from accumulated other
  comprehensive income, before income tax
—

52.9

0.7

53.6

Income tax (benefit)
—

(17.6
)
(0.6
)
(18.2
)
Net current period other comprehensive (loss) income,
  net of income taxes
(17.6
)
1.9

(0.9
)
(16.6
)
Non-controlling interest
0.1

—

—

0.1

Distribution of TimkenSteel
3.1

231.0

—

234.1

Net current period comprehensive (loss) income, net of
  income taxes and non-controlling interest
(14.4
)
232.9

(0.9
)
217.6

Balance at September 30, 2014
$
23.1

$
(430.3
)
$
(1.3
)
$
(408.5
)

Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency. The reclassification of the pension and postretirement liability adjustment was included in costs of products sold and selling, general and administrative expenses in the Consolidated Statements of Income. The reclassification of the remaining components of accumulated other comprehensive (loss) income were included in other income (expense), net in the Consolidated Statements of Income.

The following table presents details about components of accumulated other comprehensive loss for the three and nine months ended September 30, 2013:

 
Foreign currency translation adjustments
Pension and postretirement liability adjustments
Change in fair value of derivative financial instruments
Total
Balance at June 30, 2013
$
18.8

$
(1,004.7
)
$
0.5

$
(985.4
)
Other comprehensive (loss) income before
  reclassifications, before income tax
15.2

(7.3
)
(1.7
)
6.2

Amounts reclassified from accumulated
  other comprehensive income, before
  income tax
—

32.3

(0.2
)
32.1

Income tax (benefit) expense
—

(10.7
)
0.7

(10.0
)
Net current period other comprehensive
  (loss) income, net of income taxes
15.2

14.3

(1.2
)
28.3

Non-controlling interest
3.5



3.5

Net current period comprehensive (loss)
  income, net of income taxes and
  non-controlling interest
18.7

14.3

(1.2
)
31.8

Balance at September 30, 2013
$
37.5

$
(990.4
)
$
(0.7
)
$
(953.6
)


 
Foreign currency
translation adjustments
Pension and postretirement
liability adjustments
Change in fair value of
derivative financial instruments
Total
Balance at December 31, 2012
$
49.0

$
(1,061.5
)
$
(0.7
)
$
(1,013.2
)
Other comprehensive (loss) income before
  reclassifications, before income tax
(19.3
)
4.6

0.2

(14.5
)
Amounts reclassified from accumulated
  other comprehensive income, before
  income tax
—

99.2

(0.4
)
98.8

Income tax (benefit) expense
—

(32.7
)
0.2

(32.5
)
Net current period other comprehensive
  (loss) income, net of income taxes
(19.3
)
71.1

—

51.8

Non-controlling interest
7.8

—

—

7.8

Net current period comprehensive (loss)
  income, net of income taxes and
  non-controlling interest
(11.5
)
71.1

—

59.6

Balance at September 30, 2013
$
37.5

$
(990.4
)
$
(0.7
)
$
(953.6
)

Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency. The reclassification of the pension and postretirement liability adjustment was included in costs of products sold and selling, general and administrative expenses on the Consolidated Statements of Income. The reclassification of the remaining components of accumulated other comprehensive (loss) income were included in other income (expense), net on the Consolidated Statements of Income.