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Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Details of Comprehensive Income (Loss)

The following table provides details of comprehensive income (loss) for the six months ended June 30, 2015 and 2014:

 

(In millions)

 

Unrecognized Pension Items

 

 

Cumulative Translation Adjustment

 

 

Unrecognized Gains (Losses) on Derivative Instruments for net investment hedge

 

 

Unrecognized Gains (Losses) on Derivative Instruments for cashflow hedge

 

 

Accumulated Other Comprehensive Income (Loss), Net of Taxes

 

Balance at December 31, 2013

 

$

(146.2

)

 

$

(134.4

)

 

$

 

 

$

3.2

 

 

$

(277.4

)

Other comprehensive income (loss) before

   reclassifications

 

 

(2.4

)

 

 

23.1

 

 

 

 

 

 

(2.6

)

 

 

18.1

 

Less: amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

4.8

 

 

 

 

 

 

 

 

 

(0.8

)

 

 

4.0

 

Net current period other comprehensive income

   (loss)

 

 

2.4

 

 

 

23.1

 

 

 

 

 

 

(3.4

)

 

 

22.1

 

Balance at June 30, 2014

 

$

(143.8

)

 

$

(111.3

)

 

$

 

 

$

(0.2

)

 

$

(255.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

(236.5

)

 

$

(382.5

)

 

$

 

 

$

5.2

 

 

$

(613.8

)

Other comprehensive income (loss) before

   reclassifications

 

 

10.8

 

 

 

(66.3

)

 

 

(19.3

)

 

 

8.1

 

 

 

(66.7

)

Less: amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

4.8

 

 

 

 

 

 

 

 

 

(8.4

)

 

 

(3.6

)

Net current period other comprehensive income

   (loss)

 

 

15.6

 

 

 

(66.3

)

 

 

(19.3

)

 

 

(0.3

)

 

 

(70.3

)

Balance at June 30, 2015

 

$

(220.9

)

 

$

(448.8

)

 

$

(19.3

)

 

$

4.9

 

 

$

(684.1

)

 

Detail of Amount Reclassified from Accumulated Other Comprehensive Income

The following table provides detail of amounts reclassified from accumulated other comprehensive income:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

(In millions)

 

2015 (a)

 

 

2014 (a)

 

 

2015 (a)

 

 

2014 (a)

 

 

Location of Amount

Reclassified from AOCI

Defined benefit pension plans and other post-

   employment benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service costs

 

$

0.2

 

 

$

0.1

 

 

$

0.4

 

 

$

0.2

 

 

(b)

Actuarial losses

 

 

(2.8

)

 

 

(2.5

)

 

 

(5.8

)

 

 

(5.0

)

 

(b)

Settlement/curtailment loss

 

 

(0.1

)

 

 

(0.5

)

 

 

(0.4

)

 

 

(1.0

)

 

(b)

Total pre-tax amount

 

 

(2.7

)

 

 

(2.9

)

 

 

(5.8

)

 

 

(5.8

)

 

 

Tax (expense) benefit

 

 

0.5

 

 

 

0.3

 

 

 

1.0

 

 

 

1.0

 

 

 

Net of tax

 

 

(2.2

)

 

 

(2.6

)

 

 

(4.8

)

 

 

(4.8

)

 

 

Net gains (losses) on cash flow hedging

   derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

 

2.9

 

 

 

(1.1

)

 

 

3.7

 

 

 

1.2

 

 

(c) Other income, net

Interest rate and currency swaps

 

 

(6.5

)

 

 

 

 

 

8.6

 

 

 

 

 

(c) Interest expense

Treasury locks

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

0.1

 

 

(c) Interest expense

Total pre-tax amount

 

 

(3.5

)

 

 

(1.1

)

 

 

12.4

 

 

 

1.3

 

 

 

Tax (expense) benefit

 

 

1.4

 

 

 

0.2

 

 

 

(4.0

)

 

 

(0.5

)

 

 

Net of tax

 

 

(2.1

)

 

 

(0.9

)

 

 

8.4

 

 

 

0.8

 

 

 

Total reclassifications for the period

 

$

(4.3

)

 

$

(3.5

)

 

$

3.6

 

 

$

(4.0

)

 

 

 

  

(a)

Amounts in parenthesis indicate debits to earnings (loss).

(b)

These accumulated other comprehensive components are included in the computation of net periodic benefit costs.

(c)

These accumulated other comprehensive components are included in our derivative and hedging activities.  See Note 11, “Derivatives and Hedging Activities” for additional details.