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Accumulated Other Comprehensive Earnings
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Earnings
19.

Accumulated Other Comprehensive Earnings

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

 

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

Balance as of January 1, 2016, as previously reported

    $ (42.9 )    $ (477.4 )    $ (2.2 )    $ (522.5 ) 

Adoption of Topic 606

      —         7.0       —         7.0  

Net change in period

      (4.4 )      (231.8 )      (4.9 )      (241.1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2016, as restated

      (47.3 )      (702.2 )      (7.1 )      (756.6 ) 

Adoption of Topic 606

      —         (2.5 )      —         (2.5 ) 

Net change in period

      4.3       183.4       16.0       203.7  
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2017, as restated

      (43.0 )      (521.3 )      8.9       (555.4 ) 

Reclassification to retained earnings of income tax effects related to the Tax Act

      (7.9 )      —         1.3       (6.6 ) 

Net change in period

      (10.3 )      (197.7 )      (15.6 )      (223.6 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2018

    $ (61.2 )    $ (719.0 )    $ (5.4 )    $ (785.6 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

The foreign currency translation in 2018, 2017 and 2016 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 2018, 2017 and 2016, $4.9 million, $5.0 million and $5.3 million, respectively, of expense related to the pension liability was reclassified from accumulated other comprehensive earnings (loss) to compensation expense in the statement of earnings. During 2018, 2017 and 2016, $5.7 million of income, $5.2 million of expense and $8.2 million of expense, respectively, related to the fair value of derivative investments, was reclassified from accumulated other comprehensive earnings (loss) to the statement of earnings. During 2018, 2017 and 2016, no amounts related to foreign currency translation were reclassified from accumulated other comprehensive earnings (loss) to the statement of earnings.