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Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2013
Reclassifications Out of 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.

Components of and Changes in Accumulated Other Comprehensive Income

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