Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income (loss) [Abstract]

Accumulated Other Comprehensive Income Components Reclassification [Text Block]

The following tables present details about components of accumulated other comprehensive income (loss) for the years ended December 31, 2015 and December 31, 2014, respectively:

	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	(73.5		)	(80.6		)	3.0			(151.1		)
Amounts reclassified from accumulated other comprehensive income (loss), before income tax	—			501.9			(1.2		)	500.7
Income tax (benefit)	—			(155.4		)	(0.7		)	(156.1		)
Net current period other comprehensive (loss) income, net of income taxes	(73.5		)	265.9			1.1			193.5
Non-controlling interest	2.0			—			—			2.0
Net current period comprehensive (loss) income, net of income taxes and non-controlling interest	(71.5		)	265.9			1.1			195.5
Balance at December 31, 2015	$	(72.2	)	$	(215.1	)	$	0.3		$	(287.0	)

	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	(41.8		)	(166.0		)	0.7			(207.1		)
Amounts reclassified from accumulated other comprehensive income (loss), before income tax	—			99.0			(0.8		)	98.2
Income tax (benefit) expense	—			23.9			(0.3		)	23.6
Net current period other comprehensive (loss) income, net of income taxes	(41.8		)	(43.1		)	(0.4		)	(85.3		)
Non-controlling interest	0.5			—			—			0.5
Distribution of TimkenSteel	3.1			225.3			—			228.4
Net current period comprehensive (loss) income, net of income taxes and non-controlling interest	(38.2		)	182.2			(0.4		)	143.6
Balance at December 31, 2014	$	(0.7	)	$	(481.0	)	$	(0.8	)	$	(482.5	)

The following tables present details about components of accumulated other comprehensive income (loss) for the years ended December 31, 2015 and December 31, 2014, respectively:

	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	(73.5		)	(80.6		)	3.0			(151.1		)
Amounts reclassified from accumulated other comprehensive income (loss), before income tax	—			501.9			(1.2		)	500.7
Income tax (benefit)	—			(155.4		)	(0.7		)	(156.1		)
Net current period other comprehensive (loss) income, net of income taxes	(73.5		)	265.9			1.1			193.5
Non-controlling interest	2.0			—			—			2.0
Net current period comprehensive (loss) income, net of income taxes and non-controlling interest	(71.5		)	265.9			1.1			195.5
Balance at December 31, 2015	$	(72.2	)	$	(215.1	)	$	0.3		$	(287.0	)

	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	(41.8		)	(166.0		)	0.7			(207.1		)
Amounts reclassified from accumulated other comprehensive income (loss), before income tax	—			99.0			(0.8		)	98.2
Income tax (benefit) expense	—			23.9			(0.3		)	23.6
Net current period other comprehensive (loss) income, net of income taxes	(41.8		)	(43.1		)	(0.4		)	(85.3		)
Non-controlling interest	0.5			—			—			0.5
Distribution of TimkenSteel	3.1			225.3			—			228.4
Net current period comprehensive (loss) income, net of income taxes and non-controlling interest	(38.2		)	182.2			(0.4		)	143.6
Balance at December 31, 2014	$	(0.7	)	$	(481.0	)	$	(0.8	)	$	(482.5	)

Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency.

Of the $501.9 million of before-tax reclassification of pension and postretirement liability adjustments, $461.8 million was included in pension settlement charges in the Consolidated Statement of Income for the year ended December 31, 2015. The remaining before-tax reclassification of pension and postretirement liability adjustments of $40.1 million in 2015 were due to the amortization of actuarial losses and prior service costs and were 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.