Other Comprehensive Income Information

9 Months Ended

Sep. 30, 2015

Other Comprehensive Income Information

Other Comprehensive Income Information

9.Other Comprehensive Income Information

Other comprehensive income (loss) includes net income, foreign currency translation adjustments, unrecognized gains and losses on securities, defined benefit pension and postretirement plan adjustments, gains and losses on derivative instruments designated and effective as cash flow hedges and non-derivative instruments designated and effective as foreign currency net investment hedges that are charged or credited to the accumulated other comprehensive loss account in shareholders’ equity.

The following tables provide other comprehensive income information related to the company’s derivatives and hedging instruments and pension and postretirement benefits. See Note 8 for additional information related to the company’s derivatives and hedging transactions. See Note 13 for additional information related to the company’s recognition of net actuarial losses and amortization of prior service benefits.

	Third Quarter Ended						Nine Months Ended
	September 30						September 30
(millions)	2015			2014			2015			2014
Derivative & Hedging Instruments
Unrealized gains (losses) on derivative & hedging instruments
Amount recognized into AOCI	$	26.7		$	6.0		$	40.1		$	3.3
(Gains) losses reclassified from AOCI into income
Cost of sales	(13.3		)	(0.9		)	(23.2		)	(3.4		)
SG&A	(0.2		)	—			(1.1		)	(1.0		)
Interest expense, net	—			1.0			2.6			3.0
	(13.5		)	0.1			(21.7		)	(1.4		)
Translation & other insignificant activity	0.2			(0.4		)	(0.3		)	(0.1		)
Tax impact	(6.2		)	(0.7		)	(6.0		)	(0.9		)
Net of tax	$	7.2		$	5.0		$	12.1		$	0.9
Pension & Postretirement Benefits
Amounts reclassified from AOCI into income
Actuarial losses	$	14.5		$	5.7		$	43.5		$	17.2
Prior service costs	(1.7		)	(1.6		)	(5.4		)	(5.0		)
	12.8			4.1			38.1			12.2
Tax impact	(5.3		)	(1.5		)	(14.5		)	(4.5		)
Net of tax	$	7.5		$	2.6		$	23.6		$	7.7

The following table summarizes the derivative and pension and postretirement benefit amounts reclassified from AOCI into income.

	Third Quarter Ended					Nine Months Ended
	September 30					September 30
(millions)	2015			2014		2015			2014
Derivative (gains) losses reclassified from AOCI into income, net of tax	$	(10.5	)	$	0.1	$	(16.9	)	$	(1.0	)
Pension and Postretirement Benefits net actuarial losses and prior services costs reclassified from AOCI into income, net of tax	$	7.5		$	2.6	$	23.6		$	7.7