Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2012

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 9 — Accumulated Other Comprehensive Income (Loss)

In the first quarter of 2012, the Company made a cumulative correction of an error related to the translation of its Argentina operations from its functional currency of the Argentinean peso into its reporting currency.  This resulted in a $2.1 million decrease in Property and Equipment, a $4.0 million decrease in Goodwill, with a corresponding offset to the foreign currency translation component of Accumulated Other Comprehensive Income (Loss).  This correction also decreased first quarter 2012 Comprehensive Income by $6.1 million.  This correction did not have a material impact on the Company’s current or previously issued consolidated financial statements.

The components of total other comprehensive income (loss) are as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
(in millions)	2012			2011		2012		2011
Comprehensive income (loss) attributable to Bemis Company, Inc.	$	(47.1	)	$	90.4	$	39.2	$	177.0
Comprehensive income (loss) attributable to noncontrolling interests	—			2.7		—		5.0
Total comprehensive income (loss)	$	(47.1	)	$	93.1	$	39.2	$	182.0

The components of accumulated other comprehensive income (loss) are as follows as of:

	June 30,			December 31,
(in millions)	2012			2011
Foreign currency translation	$	70.7		$	128.8
Pension and other postretirement liability adjustment, net of tax effect of $123.7 and $130.1	(208.5		)	(219.6		)
Unrecognized gain on derivative	—			0.1
Accumulated other comprehensive income (loss)	$	(137.8	)	$	(90.7	)