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Accumulated Other Comprehensive (Loss) Income (Tables)
12 Months Ended
Dec. 31, 2015
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

The reclassifications out of accumulated other comprehensive (loss) income for the year ended December 31, 2015 and 2014 were as follows:

 

     
(In millions)            
       

Details about Accumulated Other

Comprehensive Income Components

          

Affected Line Item in the

Consolidated Statements of Income

      
      2015      2014       
Cumulative translation adjustments    $         1.5      Restructuring charges

Gains (losses) on cash flow hedges

       

Foreign exchange contracts

   $ 4.0       $ 0.5      Cost of products sold
             (0.4   Other expense, net

Commodity contracts

     (0.4           Cost of products sold
     3.6         0.1      Total before tax
       (1.8      (0.1   Tax expense
     $ 1.8       $      Net of tax

Defined benefit plan items

       

Amortization of prior service cost

   $ 13.4       $ 27.5       (a)

Recognition of actuarial losses

     (2.5      (13.7 )    (a)

Recognition of prior service in discontinued operations

     1.0              (b)

Recognition of actuarial losses in discontinued operations

     (6.1           (b)
     5.8         13.8      Total before tax
       (3.0      (5.2   Tax expense
   $ 2.8       $ 8.6      Net of tax

Total reclassifications for the period

   $ 4.6       $ 10.1      Net of tax

 

(a) 

These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost. Refer to Note 14, “Defined Benefit Plans,” for additional information.

 

(b) 

These accumulated other comprehensive loss components are included in discontinued operations.

After-Tax Components of and Changes in Accumulated Other Comprehensive (Loss) Income

The after-tax components of and changes in accumulated other comprehensive (loss) income were as follows:

 

         
(In millions)    Foreign
Currency
Adjustments
   

Derivative

Hedging

Gain
(Loss)

   

Defined
Benefit

Plan
Adjustments

     Accumulated
Other
Comprehensive
(Loss) Income
 

Balance at December 31, 2012

   $ 63.5      $ 0.2      $ (33.1    $ 30.6   

Amounts classified into accumulated other comprehensive (loss) income

     (10.2     2.0        87.8         79.6   

Amounts reclassified from accumulated other comprehensive (loss) income into earnings

            (1.3     (13.5      (14.8

Net current period other comprehensive (loss) income

     (10.2     0.7        74.3         64.8   

Balance at December 31, 2013

     53.3        0.9        41.2         95.4   

Amounts classified into accumulated other comprehensive (loss) income

     (20.8     (1.5     (69.7      (92.0

Amounts reclassified from accumulated other comprehensive (loss) income into earnings

     (1.5            (8.6      (10.1

Net current period other comprehensive (loss) income

     (22.3     (1.5     (78.3      (102.1

Balance at December 31, 2014

     31.0        (0.6     (37.1      (6.7

Amounts classified into accumulated other comprehensive (loss) income

     (44.3     4.5        (1.4      (41.2

Amounts reclassified from accumulated other comprehensive (loss) income into earnings

            (1.8     (2.8      (4.6

Net current period other comprehensive (loss) income

     (44.3     2.7        (4.2      (45.8

Balance at December 31, 2015

   $ (13.3   $ 2.1      $ (41.3    $ (52.5