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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
 
The following table provides details of comprehensive income (loss) for the nine months ended September 30, 2017 and 2016:
 
(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 cash flow hedge
 
Accumulated Other
Comprehensive
Income
(Loss), Net of Taxes
Balance at December 31, 2015
 
$
(266.0
)
 
$
(564.0
)
 
$
1.7

 
$
8.3

 
$
(820.0
)
Other comprehensive income (loss) before reclassifications
 
(3.6
)
 
19.4

 
(15.4
)
 
(19.4
)
 
(19.0
)
Less: amounts reclassified from accumulated other comprehensive income (loss)
 
9.2

 
(46.0
)
 
—

 
16.9

 
(19.9
)
Net current period other comprehensive income (loss)
 
5.6

 
(26.6
)
 
(15.4
)
 
(2.5
)
 
(38.9
)
Balance at September 30, 2016(1)
 
$
(260.4
)
 
$
(590.6
)
 
$
(13.7
)
 
$
5.8

 
$
(858.9
)
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
$
(276.7
)
 
$
(701.9
)
 
$
21.0

 
$
8.5

 
$
(949.1
)
Other comprehensive income (loss) before reclassifications(2)
 
175.0

 
5.5

 
(64.0
)
 
(8.7
)
 
107.8

Less: amounts reclassified from accumulated other comprehensive income (loss)
 
4.9

 
—

 
—

 
0.5

 
5.4

Net current period other comprehensive income (loss)
 
179.9

 
5.5

 
(64.0
)
 
(8.2
)
 
113.2

Balance at September 30, 2017(1)
 
$
(96.8
)
 
$
(696.4
)
 
$
(43.0
)
 
$
0.3

 
$
(835.9
)
 
(1) 
The ending balance in AOCI includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $(52.2) million as of September 30, 2017 and $(31.4) million as of September 30, 2016.
(2) 
Other comprehensive income (loss) before reclassifications for the nine months ended September 30, 2017, included amounts which were written off as part of the sale of Diversey. Included in these amounts were $173.4 million of unrecognized pension items and $454.7 million of cumulative translation adjustments.

The following table provides detail of amounts reclassified from accumulated other comprehensive income:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
(In millions)
 
2017(1)
 
2016(1)
 
2017(1)
 
2016(1)
 
Location of Amount
Reclassified from AOCI
Defined benefit pension plans and other post-employment benefits:
 
 

 
 

 
 

 
 

 
 
Prior service costs
 
$
0.4

 
$
0.4

 
$
1.3

 
$
1.0

 
(2) 
Actuarial losses
 
(2.8
)
 
(3.0
)
 
(8.3
)
 
(8.4
)
 
(2) 
Total pre-tax amount
 
(2.4
)
 
(2.6
)
 
(7.0
)
 
(7.4
)
 
 
Tax (expense) benefit
 
1.0

 
(3.0
)
 
2.1

 
(1.8
)
 
 
Net of tax
 
(1.4
)
 
(5.6
)
 
(4.9
)
 
(9.2
)
 
 
Reclassification from cumulative translation adjustment:
 
 
 
 
 
 
 
 
 
 
Charges related to Venezuelan subsidiaries
 
—

 
—

 
—

 
46.0

 
(5) 
Net gains (losses) on cash flow hedging derivatives:
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 
(0.1
)
 
(1.1
)
 
1.8

 
(0.9
)
 
(3)(4)  Other income (expense), net
Interest rate and currency swaps
 
(2.1
)
 
(0.2
)
 
(3.0
)
 
(24.2
)
 
(3)(4) 
Treasury locks
 
—

 
—

 
0.1

 
0.1

 
(3) Interest expense
Total pre-tax amount
 
(2.2
)
 
(1.3
)
 
(1.1
)
 
(25.0
)
 
 
Tax (expense) benefit
 
0.8

 
0.3

 
0.6

 
8.1

 
 
Net of tax
 
(1.4
)
 
(1.0
)
 
(0.5
)
 
(16.9
)
 
 
Total reclassifications for the period
 
$
(2.8
)
 
$
(6.6
)
 
$
(5.4
)
 
$
19.9

 
 
 
(1) 
Amounts in parenthesis indicate changes to earnings (loss).
(2) 
These accumulated other comprehensive components are included in the computation of net periodic benefit costs within cost of sales and selling, general, and administrative expenses on the Condensed Consolidated Statement of Operations.
(3) 
These accumulated other comprehensive components are included in our derivative and hedging activities.  See Note 11, “Derivatives and Hedging Activities,” of the Notes to Consolidated Financial Statements for additional details.
(4) 
In 2016 and 2017, amounts related to the interest rate and currency swaps will be reclassified to earnings from discontinued operations before income tax provision.
(5) 
Due to the ongoing challenging economic situation in Venezuela, the Company approved a program in the second quarter of 2016 to cease operations in the country.  Refer to the Note 1 "Organization and Basis of Presentation," of the Condensed Consolidated Financial Statement for further details.