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Changes in Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 2016 and 2015 were (in millions):
2016
Forward-Starting Interest Rate Swap
 
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
)
 
0.1

 

 
(53.4
)
 
(81.8
)
Amounts reclassified from accumulated other comprehensive income (loss)
1.5

 

 
6.0

 

 
7.5

Other comprehensive income (loss)
(27.0
)
 
0.1

 
6.0

 
(53.4
)
 
(74.3
)
September 30
$
(30.3
)
 
$
(0.8
)
 
$
(81.9
)
 
$
(976.7
)
 
$
(1,089.7
)

2015
 
 
 
 
 
 
 
 
 
January 1
$

 
$
(1.2
)
 
$
(92.1
)
 
$
(524.9
)
 
$
(618.2
)
Other comprehensive income (loss) before reclassifications
(9.2
)
 
0.3

 

 
(361.1
)
 
(370.0
)
Amounts reclassified from accumulated other comprehensive income (loss)

 

 
6.6

 

 
6.6

Other comprehensive income (loss)
(9.2
)
 
0.3

 
6.6

 
(361.1
)
 
(363.4
)
September 30
$
(9.2
)
 
$
(0.9
)
 
$
(85.5
)
 
$
(886.0
)
 
$
(981.6
)

On March 28, 2016, we settled the outstanding forward-starting interest rate swap at a loss of $54.5 million, $31.8 million net of income taxes. Beginning in April 2016, the loss is being amortized in interest expense over the term of the 2026 Notes (see Note 5).
Reclassifications from accumulated other comprehensive income (loss) for the nine months ended September 30, 2016 and 2015 were (in millions):
 
2016
 
2015
Amortization of loss on cash flow hedge:
 
 
 
Interest expense
$
2.6

 
$

Income taxes
1.1

 

Interest expense, net of income tax
$
1.5

 
$

 
 
 
 
Amortization of defined benefit pension and postemployment plans:
 
 
 
Prior service cost
$
5.5

 
$
5.5

Actuarial (gains) losses
4.4

 
5.5

 Net periodic benefit cost (see Note 8)
9.9

 
11.0

Income taxes
3.9

 
4.4

Periodic benefit cost, net of income tax
$
6.0

 
$
6.6