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

The following tables present details about components of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015, respectively:

 
Foreign currency translation adjustments
Pension and postretirement liability adjustments
Change in fair value of derivative financial instruments
Total
Balance at June 30, 2015
$
(21.4
)
$
(373.5
)
$
(1.1
)
$
(396.0
)
Other comprehensive (loss) income before
  reclassifications, before income tax
(30.9
)
4.2

2.1

(24.6
)
Amounts reclassified from accumulated other comprehensive income, before income tax
—

13.4

(0.2
)
13.2

Income tax (benefit) expense
—

(4.6
)
(0.7
)
(5.3
)
Net current period other comprehensive
  (loss) income, net of income taxes
(30.9
)
13.0

1.2

(16.7
)
Non-controlling interest
1.1

—

—

1.1

Net current period comprehensive (loss)
  income, net of income taxes and
  non-controlling interest
(29.8
)
13.0

1.2

(15.6
)
Balance at September 30, 2015
$
(51.2
)
$
(360.5
)
$
0.1

$
(411.6
)


 
Foreign currency translation adjustments
Pension and postretirement liability adjustments
Change in fair value of derivative financial instruments
Total
Balance at December 31, 2014
$
(0.7
)
$
(481.0
)
$
(0.8
)
$
(482.5
)
Other comprehensive (loss) income before reclassifications, before income tax
(52.1
)
(62.3
)
2.1

(112.3
)
Amounts reclassified from accumulated other comprehensive income, before income tax
—

251.3

(0.7
)
250.6

Income tax (benefit) expense
—

(68.5
)
(0.5
)
(69.0
)
Net current period other comprehensive (loss) income, net of income taxes
(52.1
)
120.5

0.9

69.3

Non-controlling interest
1.6

—

—

1.6

Net current period comprehensive (loss) income, net of income taxes and non-controlling interest
(50.5
)
120.5

0.9

70.9

Balance at September 30, 2015
$
(51.2
)
$
(360.5
)
$
0.1

$
(411.6
)













The following tables present details about components of accumulated other comprehensive loss for the three and the 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) expense
—

(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
As of 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) expense
—

(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.

$221.0 million of the before-tax reclassification of pension and postretirement liability adjustments was included in pension settlement charges in the Consolidated Statement of Income for the first nine months of 2015. The remaining before-tax reclassification of pension and postretirement liability adjustments was due to the amortization of actuarial losses and prior service costs and 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 income (loss) was included in other income (expense), net in the Consolidated Statements of Income.