XML 29 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Changes in Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2016
Changes in Accumulated Other Comprehensive Income (Loss) [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015 were (in millions):
2016
Unamortized
Loss on Cash Flow Hedge
 
Unrealized
Loss on Available-for-Sale Securities
 
Defined Benefit Pension and Postemployment Plans
 
Foreign
Currency Translation
 
Total
January 1
$
(3.3
)
 
$
(0.9
)
 
$
(87.9
)
 
$
(923.3
)
 
$
(1,015.4
)
Other comprehensive income (loss) before reclassifications
(28.5
)
 

 

 
92.3

 
63.8

Amounts reclassified (to) from accumulated other comprehensive income (loss)

 

 
2.3

 

 
2.3

Other comprehensive income (loss)
(28.5
)
 

 
2.3

 
92.3

 
66.1

March 31
$
(31.8
)
 
$
(0.9
)
 
$
(85.6
)
 
$
(831.0
)
 
$
(949.3
)

2015
 
 
 
 
 
 
 
 
 
January 1
$

 
$
(1.2
)
 
$
(92.1
)
 
$
(524.9
)
 
$
(618.2
)
Other comprehensive income (loss) before reclassifications
(2.5
)
 
0.2

 

 
(318.4
)
 
(320.7
)
Amounts reclassified (to) from accumulated other comprehensive income (loss)

 

 
2.2

 

 
2.2

Other comprehensive income (loss)
(2.5
)
 
0.2

 
2.2

 
(318.4
)
 
(318.5
)
March 31
$
(2.5
)
 
$
(1.0
)
 
$
(89.9
)
 
$
(843.3
)
 
$
(936.7
)

On March 28, 2016, we settled the cash flow hedge at a loss of $54.5 million, $31.8 million net of income taxes, which was paid on April 6, 2016. The loss will be amortized to interest expense over the term of the 2026 Notes beginning in April 2016 (See Note 5).
Reclassifications from accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015 were (in millions):
 
2016
 
2015
Amortization of defined benefit pension and postemployment plans:
 
 
 
Prior service cost
$
1.8

 
$
1.9

Actuarial (gains) losses
1.5

 
1.8

 Net periodic benefit cost (see Note 8)
3.3

 
3.7

Income taxes
1.0

 
1.5

Periodic benefit cost, net of income tax
$
2.3

 
$
2.2