Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

11. Accumulated Other Comprehensive Income

Comprehensive income (loss) refers to revenues, expenses, gains and losses that under U.S. GAAP are included in other comprehensive income, but excluded from net income as these amounts are recorded directly as an adjustment to shareholders’ equity, net of tax. The Company’s other comprehensive income is composed primarily of foreign currency translation adjustments, changes in the funded status of defined benefit pension plans and changes in the fair value of derivatives that have been designated as cash flow hedges. The following is a summary of comprehensive income (loss) (in millions):

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013			2012
Consolidated net income	$	23.3	$	9.9		$	29.0		$	25.0
Foreign currency translation adjustments	4.3		(34.7		)	(25.3		)	(15.9		)
Unrealized losses on interest rate swap:
Unrealized holding losses arising during the period	—		—			—			(0.2		)
Less reclassification adjustments for settlements included in the determination of net income	—		0.4			—			0.9
Pension liability adjustments	0.7		0.9			1.7			0.3
Net comprehensive income (loss)	28.3		(23.5		)	5.4			10.1
Less: Comprehensive income (loss) attributable to noncontrolling interests	0.4		—			0.7			0.1
Comprehensive income (loss) attributable to Bruker Corporation	$	27.9	$	(23.5	)	$	4.7		$	10.0

The following is a summary of the components of accumulated other comprehensive income, net of tax, at June 30, 2013 (in millions):

	Foreign Currency Translation			Pension Liability Adjustment			Accumulated Other Comprehensive Income
Balance at December 31, 2012	$	170.3		$	(32.5	)	$	137.8
Other comprehensive income (loss) before reclassifications	(25.3		)	1.0			(24.3		)
Realized loss on reclassification, net of tax of $0.1 million	—			0.7			0.7
Net current period other comprehensive income (loss)	(25.3		)	1.7			(23.6		)
Balance at June 30, 2013	$	145.0		$	(30.8	)	$	114.2