Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

On January 1, 2013, the Company adopted changes required by the Financial Accounting Standards Board ("FASB") to the reporting of amounts reclassified out of accumulated other comprehensive loss. These changes require an entity to report the effect of significant reclassifications out of accumulated other comprehensive loss on the respective line items in net income if the amount being reclassified is required to be reclassified in its entirety to net income. For other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures that provide additional detail about those amounts. Other than the additional disclosure requirements (see below), the adoption of these changes had no impact on the Condensed Consolidated Financial Statements. The components and activity of accumulated other comprehensive loss are as follows: 

(in millions)	Foreign Currency Translation			Pension And Other Postretirement Liability Adjustment			Accumulated Other Comprehensive Loss
December 31, 2012	$	80.5		$	(193.4	)	$	(112.9	)
Other comprehensive (loss) income before reclassifications	(58.9		)	52.2			(6.7		)
Amounts reclassified from accumulated other comprehensive loss	—			12.8			12.8
Net current period other comprehensive (loss) income	(58.9		)	65.0			6.1
September 30, 2013	$	21.6		$	(128.4	)	$	(106.8	)

Accumulated other comprehensive loss associated with pension and other postretirement liability adjustments are net of tax effects of $79.9 million and $120.9 million as of September 30, 2013, and December 31, 2012, respectively. In September 2013 the Company approved amendments related to multiple qualified defined benefit pension plans effective December 31, 2013. The amendments will freeze all further benefit accruals for all persons entitled to benefits under the plans as of December 31, 2013. As a result, final average pay formulas will not reflect future compensation increases or additional service after December 31, 2013. Other comprehensive income before reclassifications reflects the effect of these plan amendments. Reclassifications of $7.2 million ($4.4 million, net of tax) and $20.9 million ($12.8 million, net of tax) for the three and nine months ended September 30, 2013, related to the amortization of accumulated pension losses into net periodic benefit cost. Refer to Note 9 — Components of Net Periodic Benefit Cost for additional detail.