XML 27 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Accumulated Other Comprehensive Income
3 Months Ended
Mar. 31, 2016
Statement of Financial Position [Abstract]  
accumulated other comprehensive income components reclassification
Note 8 - Accumulated Other Comprehensive Income (Loss)

The following tables present details about components of accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and the three months ended March 31, 2015, respectively:

 
Foreign currency translation adjustments
Pension and postretirement liability adjustments
Change in fair value of derivative financial instruments
Total
Balance at December 31, 2015
$
(72.2
)
$
(215.1
)
$
0.3

$
(287.0
)
Other comprehensive income (loss) before
  reclassifications and income tax
14.8

0.1

(2.9
)
12.0

Amounts reclassified from accumulated other comprehensive income, before income tax

5.1

(0.8
)
4.3

Income tax (benefit) expense

(1.5
)
1.4

(0.1
)
Net current period other comprehensive
  income (loss), net of income taxes
14.8

3.7

(2.3
)
16.2

Noncontrolling interest
(1.1
)


(1.1
)
Net current period comprehensive income
  (loss), net of income taxes and
  noncontrolling interest
13.7

3.7

(2.3
)
15.1

Balance at March 31, 2016
$
(58.5
)
$
(211.4
)
$
(2.0
)
$
(271.9
)
 
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 and income tax
(27.8
)
(60.1
)
0.6

(87.3
)
Amounts reclassified from accumulated other
  comprehensive income, before income tax

225.5

(0.6
)
224.9

Income tax (benefit) expense

(60.3
)

(60.3
)
Net current period other comprehensive
  income (loss), net of income taxes
(27.8
)
105.1


77.3

Net current period comprehensive income (loss), net of income taxes and noncontrolling interest
(27.8
)
105.1


77.3

Balance at March 31, 2015
$
(28.5
)
$
(375.9
)
$
(0.8
)
$
(405.2
)
Other comprehensive income (loss) before reclassifications and income taxes includes the effect of foreign currency.

The before-tax reclassification of pension and postretirement liability adjustments of $5.1 million were due to the amortization of actuarial losses and prior service costs and were included in cost of products sold and selling, general and administrative expenses in the Consolidated Statements of Income for the three months ended March 31, 2016. $213.6 million of the $225.5 million before-tax reclassification of pension and postretirement liability adjustments was included in pension settlement charges in the Consolidated Statement of Income for the three months ended March 31, 2015. The remaining before-tax reclassification of pension and postretirement liability adjustments of $11.9 million 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.