Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2019

The following table presents the changes in the components of accumulated other comprehensive loss, net of tax:


($ in millions)	(Losses) gains on derivatives		Unrealized gains on investment securities		Defined benefit pension and other postretirement plans		Foreign currency translation		Total
Balance, December 31, 2017	$	(4.2)	$	0.5	$	(39.0)	$	(74.6)	$	(117.3)
Other comprehensive income (loss) before reclassifications	2.6		(0.1)		(1.0)		(39.2)		(37.7)
Amounts reclassified out	1.2		—		(0.4)		—		0.8
Other comprehensive income (loss), net of tax	3.8		(0.1)		(1.4)		(39.2)		(36.9)
Balance, December 31, 2018	(0.4)		0.4		(40.4)		(113.8)		(154.2)
Other comprehensive income (loss) before reclassifications	5.4		—		(1.9)		4.9		8.4
Amounts reclassified out	(5.8)		—		2.0		—		(3.8)
Other comprehensive (loss) income, net of tax	(0.4)		—		0.1		4.9		4.6
Balance, December 31, 2019	$	(0.8)	$	0.4	$	(40.3)	$	(108.9)	$	(149.6)

A summary of the reclassifications out of accumulated other comprehensive loss is presented in the following table ($ in millions):


Detail of components	2019		2018		Location on Statement of Income
Gains (losses) on derivatives:
Foreign currency contracts	$	1.0	$	(0.7)	Net sales
Foreign currency contracts	1.0		(0.5)		Cost of goods and services sold
Foreign currency contracts	6.9		—		Other expense
Forward treasury locks	(0.5)		(0.4)		Interest expense
Total before tax	8.4		(1.6)
Tax expense	(2.6)		0.4
Net of tax	$	5.8	$	(1.2)
Amortization of defined benefit pension and other postretirement plans:

Prior service credit	0.6		2.0		(a)
Actuarial gains (losses)	0.2		(1.4)		(a)

Settlements	(3.5)		—		(a)
Total before tax	(2.7)		0.6
Tax expense	0.7		(0.2)
Net of tax	$	(2.0)	$	0.4
Total reclassifications for the period, net of tax	$	3.8	$	(0.8)

(a) These components are included in the computation of net periodic benefit cost. Please refer to Note 15, Benefit Plans, for additional details.