XML 69 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Details about Accumulated Other
Comprehensive Loss Components
Year Ended December 31,
Affected Line Item in the Consolidated Statements of Operations
2017
 
2016
 
2015
Amortization of retirement benefit items:
 
 
 
 
 
 
Prior service benefits, net
$
(84.3
)
 
$
(74.0
)
 
$
(80.7
)
(1) 
Actuarial losses
306.6

 
304.7

 
421.2

(1) 
Total before tax
222.3

 
230.7

 
340.5

 
Tax benefit
(68.9
)
 
(71.5
)
 
(105.6
)
Income taxes
Net of tax
153.4

 
159.2

 
234.9

 
 
 
 
 
 
 
 
Unrealized gains/losses on available-for-sale securities:
 
 
 
 
 
 
Realized gains, net
(170.2
)
 
(16.1
)
 
(209.3
)
Other—net, (income) expense
Impairment losses
—

 
27.3

 
12.0

Other—net, (income) expense
Total before tax
(170.2
)
 
11.2

 
(197.3
)
 
Tax (benefit) expense
59.6

 
(4.0
)
 
69.1

Income taxes
Net of tax
(110.6
)
 
7.2

 
(128.2
)
 
 
 
 
 
 
 
 
Other, net of tax (2)
17.7

 
84.3

 
9.5

Other—net, (income) expense
Total reclassifications for the period, net of tax
$
60.5

 
$
250.7

 
$
116.2

 

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 14).
(2) Amount for year ended December 31, 2016 included primarily $74.5 million of foreign currency translation losses.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the activity related to each component of other comprehensive income (loss):
(Amounts presented net of taxes)
Foreign Currency Translation Gains (Losses)
 
Unrealized Net Gains (Losses) on Securities
 
Defined Benefit Pension and Retiree Health Benefit Plans
 
Effective Portion of Cash Flow Hedges
 
Accumulated Other Comprehensive Loss
Beginning balance at January 1, 2015
$
(498.4
)
 
$
99.7

 
$
(3,402.0
)
 
$
(191.1
)
 
$
(3,991.8
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
(861.8
)
 
38.6

 
155.0

 
(36.9
)
 
(705.1
)
Net amount reclassified from accumulated other comprehensive loss
—

 
(128.2
)
 
234.9

 
9.5

 
116.2

Net other comprehensive income (loss)
(861.8
)
 
(89.6
)
 
389.9

 
(27.4
)
 
(588.9
)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
(1,360.2
)
 
10.1

 
(3,012.1
)
 
(218.5
)
 
(4,580.7
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
(581.6
)
 
206.7

 
(518.7
)
 
(2.2
)
 
(895.8
)
Net amount reclassified from accumulated other comprehensive loss
74.5

 
7.2

 
159.2

 
9.8

 
250.7

Net other comprehensive income (loss)
(507.1
)
 
213.9

 
(359.5
)
 
7.6

 
(645.1
)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016(1)
(1,867.3
)
 
224.0

 
(3,371.6
)
 
(210.9
)
 
(5,225.8
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
664.6

 
(15.7
)
 
(543.4
)
 
8.5

 
114.0

Net amount reclassified from accumulated other comprehensive loss
8.1

 
(110.6
)
 
153.4

 
9.6

 
60.5

Net other comprehensive income (loss)
672.7

 
(126.3
)
 
(390.0
)
 
18.1

 
174.5

 
 
 
 
 
 
 
 
 
 
Reclassifications of stranded tax effects - provisional (Note 2)
(38.8
)
 
15.8

 
(579.1
)
 
(41.5
)
 
(643.6
)
 
 
 
 
 
 
 
 
 
 
Ending balance at December 31, 2017(2)
$
(1,233.4
)
 
$
113.5

 
$
(4,340.7
)
 
$
(234.3
)
 
$
(5,694.9
)

(1) Accumulated other comprehensive loss as of December 31, 2016 consists of $5,274.0 million of accumulated other comprehensive loss attributable to controlling interest and $48.2 million of accumulated other comprehensive income attributable to non-controlling interest.
(2) Accumulated other comprehensive loss as of December 31, 2017 consists of $5,718.6 million of accumulated other comprehensive loss attributable to controlling interest and $23.7 million of accumulated other comprehensive income attributable to non-controlling interest.
The tax effects on the net activity related to each component of other comprehensive income (loss) for the years ended December 31, were as follows:
Tax benefit (expense)
2017
 
2016
 
2015
Foreign currency translation gains/losses
$
170.8

 
$
(70.6
)
 
$
(2.0
)
Unrealized net gains/losses on securities
55.0

 
(89.2
)
 
48.5

Defined benefit pension and retiree health benefit plans
186.6

 
153.3

 
(183.0
)
Effective portion of cash flow hedges
(9.7
)
 
(4.1
)
 
14.6

Benefit/(provision) for income taxes allocated to other comprehensive income (loss) items
$
402.7

 
$
(10.6
)
 
$
(121.9
)