Accumulated Other Comprehensive Loss The following table presents the changes in the components of accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2019:
| | | | | | | | | | | | | | | | | | | | | ($ in millions) | Losses on derivatives | | Unrealized gains on investment securities | | Defined benefit pension and other postretirement plans | | Foreign currency translation | | Total | Balance, December 31, 2018 | $ | (0.4 | ) | | $ | 0.4 |
| | $ | (40.4 | ) | | $ | (113.8 | ) | | $ | (154.2 | ) | Other comprehensive (loss) income before reclassifications | (3.0 | ) | | — |
| | (0.2 | ) | | 4.4 |
| | 1.2 |
| Amounts reclassified out | (0.3 | ) | | — |
| | (0.1 | ) | | — |
| | (0.4 | ) | Other comprehensive (loss) income, net of tax | (3.3 | ) | | — |
| | (0.3 | ) | | 4.4 |
| | 0.8 |
| Balance, March 31, 2019 | $ | (3.7 | ) | | $ | 0.4 |
| | $ | (40.7 | ) | | $ | (109.4 | ) | | $ | (153.4 | ) |
A summary of the reclassifications out of accumulated other comprehensive loss is presented in the following table:
| | | | | | | | | | | | ($ in millions) | | Three Months Ended March 31, | | Location on Statement of Income | Detail of components | | 2019 | | 2018 | | Losses on derivatives: | | | | | | | Foreign currency contracts | | $ | 0.2 |
| | $ | (0.6 | ) | | Net sales | Foreign currency contracts | | 0.2 |
| | (0.6 | ) | | Cost of goods and services sold | Forward treasury locks | | (0.1 | ) | | (0.1 | ) | | Interest expense | Total before tax | | 0.3 |
| | (1.3 | ) | | | Tax expense | | — |
| | 0.3 |
| | | Net of tax | | $ | 0.3 |
| | $ | (1.0 | ) | | | Amortization of defined benefit pension and other postretirement plans: | | | | | | | Prior service credit | | $ | 0.2 |
| | $ | 0.5 |
| | (a) | Actuarial losses | | — |
| | (0.4 | ) | | (a) | Total before tax | | 0.2 |
| | 0.1 |
| | | Tax expense | | (0.1 | ) | | — |
| | | Net of tax | | $ | 0.1 |
| | $ | 0.1 |
| | | Total reclassifications for the period, net of tax | | $ | 0.4 |
| | $ | (0.9 | ) | | |
(a) These components are included in the computation of net periodic benefit cost. Please refer to Note 14, Benefit Plans, for additional details.
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