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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 15 — 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 loss as of December 31, 2015 and 2014 were as follows:

 

(In millions)

 

2015

 

 

2014

 

Currency translation adjustments (a)

 

$

(86.6

)

 

$

(32.8

)

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

 

 

(14.6

)

 

 

(9.3

)

Pension obligation adjustment, net of tax (c)

 

 

(22.7

)

 

 

(27.6

)

Accumulated other comprehensive loss

 

$

(123.9

)

 

$

(69.7

)

 

 

(a)

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

(b)

Reduced by the tax impact of $5.9 million and $3.2 million at December 31, 2015 and 2014, respectively.

(c)

Reduced by the tax impact of $10.0 million and $12.1 million at December 31, 2015 and 2014, respectively.