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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2012
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

Note 16 — Accumulated Other Comprehensive Loss

 

Comprehensive income represents net income and other gains and losses affecting stockholders’ equity that are not reflected in the consolidated statements of operations.  The components of accumulated other comprehensive income (loss) as of December 31, 2012 and 2011 were as follows:

 

(In millions)

 

2012

 

2011

 

Currency translation adjustments (a)

 

$

7.1

 

$

(4.6

)

Net unrealized gains (losses) on financial instruments, net of tax (b)

 

2.2

 

(4.8

)

Pension obligation adjustment, net of tax (c)

 

(41.2

)

(30.4

)

Accumulated other comprehensive loss

 

$

(31.9

)

$

(39.8

)

 

(a)

 

The currency translation adjustments are not currently adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.

(b)

 

(Increased) reduced by the tax impact of ($0.1) million and $2.1 million at December 31, 2012 and 2011, respectively.

(c)

 

Reduced by the tax impact of $16.0 million and $12.3 million at December 31, 2012 and 2011, respectively.