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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Components of accumulated other comprehensive (loss) income
The following tables set forth the changes in the balance of accumulated other comprehensive loss, net of tax, by component:
 
 
Benefit Plans
 
Currency Translation Adjustments
 
Total
 
 
(Dollars in millions)
At December 31, 2016
 
$
(4.8
)
 
$
(14.2
)
 
$
(19.0
)
Other comprehensive loss before reclassifications
 

 
(0.5
)
 
(0.5
)
Amounts reclassified from accumulated other comprehensive loss
 
0.2

 

 
0.2

Retirement benefit plans funded status adjustment
 
(0.8
)
 

 
(0.8
)
Net current period other comprehensive loss
 
(0.6
)
 
(0.5
)
 
(1.1
)
Cumulative effect from adoption of ASU 2018-02(1)
 
(1.1
)
 

 
(1.1
)
At December 31, 2017
 
$
(6.5
)
 
$
(14.7
)
 
$
(21.2
)
Other comprehensive loss before reclassifications
 

 
(1.4
)
 
(1.4
)
Amounts reclassified from accumulated other comprehensive loss
 
(0.1
)
 

 
(0.1
)
Retirement benefit plans funded status adjustment
 
0.6

 

 
0.6

Recognition of accumulated currency translation loss upon sale of equity method investment(2)
 

 
9.0

 
9.0

Net current period other comprehensive loss
 
0.5

 
7.6

 
8.1

At December 31, 2018
 
$
(6.0
)
 
$
(7.1
)
 
$
(13.1
)

(1)
As a result of the Tax Legislation, the Company revalued its deferred tax asset for our postretirement benefit plan for the impact of lower income tax rates, the impact of which was reclassified from accumulated other comprehensive loss to retained earnings.
(2)
These accumulated currency translation losses were recognized into income as a result of the sale of our equity method investment in VISA SunCoke.
The tax benefit associated with the Company's benefit plans as of December 31, 2018 and 2017 was $1.8 million and $1.9 million, respectively.
Impact of net income of reclassification adjustments
The increase (decrease) on net income due to reclassification adjustments from accumulated other comprehensive income were as follows(1):
 
 
December 31,
 
2018
 
2017
 
2016
 
(Dollars in millions)
Recognition of accumulated currency translation loss upon sale of equity method investment
 
$
(9.0
)
 
$

 
$

Amortization of benefit plans to net income:(2)
 
 
 
 
 
 
Actuarial loss
 
$
(0.6
)
 
$
(0.9
)
 
$
(0.7
)
Prior service benefit
 
0.7

 
0.7

 
0.7

Total, net of tax(3)
 
(8.9
)
 
(0.2
)
 

(1)
Amounts in parentheses indicate debits to net income.
(2)
These accumulated other comprehensive (income) loss components are included in the computation of postretirement benefit plan expense (benefit) and included in interest expense, net on the Consolidated Statements of Income. See Note 10.
(3)
The related tax cost (benefit) was zero for all years presented.