Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

The following table provides details of comprehensive income (loss) for the three months ended March 31, 2018 and 2017:



(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, 2016	$	(276.7	)	$	(701.9	)	$	21.0		$	8.5		$	(949.1	)
Other comprehensive income (loss) before reclassifications	2.8			55.2			(4.9		)	(6.5		)	46.6
Less: amounts reclassified from accumulated other comprehensive income	1.7			—			—			1.8			3.5
Net current period other comprehensive income (loss)	4.5			55.2			(4.9		)	(4.7		)	50.1
Balance at March 31, 2017⁽¹⁾	$	(272.2	)	$	(646.7	)	$	16.1		$	3.8		$	(899.0	)

Balance at December 31, 2017	$	(103.4	)	$	(694.4	)	$	(46.8	)	$	(0.3	)	$	(844.9	)
Other comprehensive income (loss) before reclassifications	—			28.4			(10.7		)	0.3			18.0
Less: amounts reclassified from accumulated other comprehensive income	0.6			—			—			0.5			1.1
Net current period other comprehensive income (loss)	0.6			28.4			(10.7		)	0.8			19.1
Balance at March 31, 2018⁽¹⁾	$	(102.8	)	$	(666.0	)	$	(57.5	)	$	0.5		$	(825.8	)


⁽¹⁾	The ending balance in AOCI includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $(16.5) million as of March 31, 2018 and $11.3 million as of March 31, 2017.

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



	Three Months Ended March 31,
(In millions)	2018⁽¹⁾			2017⁽¹⁾			Location of Amount Reclassified from AOCI
Defined benefit pension plans and other post-employment benefits:
Prior service costs	$	0.1		$	0.5		⁽²⁾
Actuarial losses	(0.9		)	(2.8		)	⁽²⁾
Total pre-tax amount	(0.8		)	(2.3		)
Tax benefit	0.2			0.6
Net of tax	(0.6		)	(1.7		)
Net gains (losses) on cash flow hedging derivatives:
Foreign currency forward contracts	(0.6		)	0.6			⁽³⁾ Other expense, net
Interest rate and currency swaps	—			(3.8		)	⁽³⁾
Treasury locks	—			0.1			⁽³⁾ Interest expense, net
Total pre-tax amount	(0.6		)	(3.1		)
Tax benefit	0.1			1.3
Net of tax	(0.5		)	(1.8		)
Total reclassifications for the period	$	(1.1	)	$	(3.5	)


⁽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 12, “Derivatives and Hedging Activities,” of the Notes to Consolidated Financial Statements for additional details.