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OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2014
Changes in Components of Accumulated Other Comprehensive Loss

The changes in components of accumulated other comprehensive loss consisted of the following (dollars in millions):

 

     Before Tax     Tax (Expense)
Benefit
    After Tax  

Balance at December 31, 2011

   $ (33.2   $ (23.8   $ (57.0

Foreign currency translation

     (0.7     —          (0.7

Pension and OPEB liability adjustment

     26.7        (11.6     15.1   

Available-for-sale securities

     (2.0     0.7        (1.3
  

 

 

   

 

 

   

 

 

 

Net current period other comprehensive loss

   $ 24.0      $ (10.9   $ 13.1   
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012

   $ (9.2   $ (34.7   $ (43.9

Foreign currency translation

     (5.0     —          (5.0

Pension and OPEB liability adjustment

     46.4        (17.4     29.0   

Available-for-sale securities

     (1.9     0.8        (1.1
  

 

 

   

 

 

   

 

 

 

Net current period other comprehensive income

   $ 39.5      $ (16.6   $ 22.9   
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013

   $ 30.3      $ (51.3   $ (21.0

Foreign currency translation

     (7.4     —          (7.4

Pension and OPEB liability adjustment

     (14.6     5.5        (9.1

Available-for-sale securities

     (3.2     1.2        (2.0
  

 

 

   

 

 

   

 

 

 

Net current period other comprehensive loss

   $ (25.2   $ 6.7      $ (18.5

Balance at December 31, 2014

   $ 5.1      $ (44.6   $ (39.5
Consolidated Statements of Comprehensive Income Affected by Reclassifications from by AOCL

The following table shows the location in the Consolidated Statements of Comprehensive Income affected by reclassifications from AOCL (dollars in millions):

 

     For the year ended December 31, 2014
AOCL Components    Amount
reclassified from
AOCL
    Affected line item in the consolidated
statements of comprehensive income

Amortization of defined benefit pension items:

    

Prior service cost

   $ 3.2      Cost of sales
     0.3      Selling, general and
administrative
     0.1      Engineering – research and
development

Actuarial loss

     0.7      Cost of sales
     (0.0   Selling, general and
administrative
     (0.0   Engineering – research and
development
  

 

 

   

Total reclassifications, before tax

     4.3      Income before income
taxes

Income tax expense

     (1.6   Tax expense
  

 

 

   

Total reclassifications

   $ 2.7      Net of tax