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Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income

22. Accumulated Other Comprehensive Income

The reclassifications out of accumulated other comprehensive income for the year ended December 31, 2013 were as follows:

(In millions)
Details about Accumulated Other
Comprehensive Income Components

Affected Line Item in the

Statement of Comprehensive Income

Gains (losses) on cash flow hedges

Foreign exchange contracts

$ 2.3 Cost of products sold

Commodity contract

(0.3 ) Cost of products sold

2.0 Total before tax
(0.7 ) Tax expense

$ 1.3 Net of tax

Defined benefit plan items

Amortization of prior service cost

$ 27.3 (a)

Recognition of actuarial losses

(5.2 ) (a)

Curtailment and settlement losses

(0.2 ) (a)

21.9 Total before tax
(8.4 ) Tax expense

$ 13.5 Net of tax

Total reclassifications for the period

$ 14.8 Net of tax

(a)

These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. Refer to Note 12, “Defined Benefit Plans,” for additional information.

Total accumulated other comprehensive income consists of net income (loss) and other changes in business equity from transactions and other events from sources other than shareholders. It includes currency translation gains and losses, unrealized gains and losses from derivative instruments designated as cash flow hedges, and defined benefit plan adjustments. The components of and changes in accumulated other comprehensive income were as follows:

(In millions) Foreign
Currency
Adjustments
Derivative
Hedging
Gain
Defined
Benefit Plan
Adjustments
Accumulated
Other
Comprehensive
Income

Balance at December 31, 2010

$ 56.9 $ 1.2 $ (28.6 ) $ 29.5

Changes during year

(1.8 ) (0.7 ) (16.4 ) (18.9 )

Balance at December 31, 2011

55.1 0.5 (45.0 ) 10.6

Changes during year

8.4 (0.3 ) 11.9 20.0

Balance at December 31, 2012

$ 63.5 $ 0.2 $ (33.1 ) $ 30.6

Amounts classified into accumulated other comprehensive income

(10.2 ) 2.0 87.8 79.6

Amounts reclassified from accumulated other comprehensive income

(1.3 ) (13.5 ) (14.8 )

Net current period other comprehensive income

(10.2 ) 0.7 74.3 64.8

Balance at December 31, 2013

$ 53.3 $ 0.9 $ 41.2 $ 95.4