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Accumulated Other Comprehensive Earnings
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Earnings
16. Accumulated Other Comprehensive Earnings

The after-tax components of our accumulated comprehensive earnings (loss) consist of the following:

 

     Pension
Liability
    Foreign
Currency
Translation
    Fair Value
of Derivative
Instruments
    Accumulated
Comprehensive
Earnings (Loss)
 

Balance as of January 1, 2012

   $ (49.0   $ 4.4      $ (2.6   $ (47.2

Net change in period

     (3.4     16.1        1.7        14.4   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of December 31, 2012

     (52.4     20.5        (0.9     (32.8

Net change in period

     26.8        1.6        1.8        30.2   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of December 31, 2013

     (25.6     22.1        0.9        (2.6

Net change in period

     (18.6     (238.4     (1.0     (258.0
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of December 31, 2014

   $ (44.2   $ (216.3   $ (0.1   $ (260.6
  

 

 

   

 

 

   

 

 

   

 

 

 

The foreign currency translation in 2014, 2013 and 2012 primarily relates to the net impact of changes in the value of the local currencies relative to the U.S. dollar for our operations in Australia, Canada, the Caribbean, India, New Zealand and the U.K. During 2014, 2013 and 2012, $14.3 million, $7.9 million and $7.2 million, respectively, of expense related to the pension liability was reclassified from accumulated other comprehensive loss to compensation expense in the statement of earnings. During 2014, 2013 and 2012, $0.6 million, $0.9 million and $0.2 million, respectively, of expense related to the fair value of derivative investments was reclassified from accumulated other comprehensive loss to the statement of earnings. During 2014, 2013 and 2012, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive loss to the statement of earnings.