OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

6 Months Ended

Jun. 30, 2017

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

OTHER COMPREHENSIVE INCOME (LOSS) INFORMATION

9. OTHER COMPREHENSIVE INCOME (LOSS) 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 pension and postretirement benefits activity.

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions)	2017		2016		2017		2016
Derivative and Hedging Instruments
Unrealized gains (losses) on derivative & hedging instruments
Amount recognized in AOCI		$ (28.9)		$ (28.4)		$ (44.3)		$ (40.4)
(Gains) losses reclassified from AOCI into income
Cost of sales		8.3		(8.9)		10.8		(21.6)
SG&A		23.3		9.0		22.7		19.6
Interest expense, net		0.3		0.2		0.7		0.3
		31.9		0.3		34.2		(1.7)
Other activity		0.4		(0.8)		0.5		-
Tax impact		(2.5)		8.7		1.3		11.4
Net of tax		$ 0.9		$ (20.2)		$ (8.3)		$ (30.7)
Pension and Postretirement Benefits
Amount reclassified from AOCI into income
Actuarial losses		11.0		10.9		22.0		21.8
Prior service costs		(5.9)		(2.0)		(12.0)		(4.0)
		5.1		8.9		10.0		17.8
Tax impact		(1.5)		(3.4)		(3.1)		(6.7)
Net of tax		$ 3.6		$ 5.5		$ 6.9		$ 11.1

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

	Second Quarter Ended				Six Months Ended
	June 30				June 30
	2017		2016		2017		2016
(millions)
Derivative losses (gains) reclassified from AOCI into income, net of tax		$ 24.5		$ (0.1)		$ 25.5	$	(1.4)
Pension and postretirement benefits net actuarial losses
and prior services costs reclassified from AOCI into income, net of tax		$ 3.6		$ 5.5		$ 6.9	$	11.1