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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2016
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, 2016 and 2015 were as follows:

 

 

(In millions)

 

Unrecognized Net Defined

Plan Costs

 

 

Change in Fair Value of Derivatives

Products

 

 

Foreign Currency Translation

 

 

Total

 

Balance at December 31, 2015

 

$

(22.7

)

 

$

(14.6

)

 

$

(86.6

)

 

$

(123.9

)

Other comprehensive income (loss) before reclassifications

 

 

9.0

 

 

 

(18.7

)

 

 

(54.5

)

 

 

(61.0

)

Amounts reclassified from accumulated other comprehensive loss

 

 

(0.9

)

 

 

14.6

 

 

 

 

 

 

10.5

 

Other comprehensive income (loss)

 

 

8.1

 

 

 

(4.1

)

 

 

(54.5

)

 

 

(50.5

)

Balance at December 31, 2016

 

$

(14.6

)

 

$

(18.7

)

 

$

(141.1

)

 

$

(174.4

)

 

The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the year ended December 31, 2016 were net gains of $1.3 million less taxes of $0.4 million primarily due to the amortization of net actuarial losses. The amounts reclassified to earnings from the change in fair value of the derivatives component of accumulated other comprehensive loss for the year ended December 31, 2016 were net losses of $19.6 million less taxes of $5.1 million related to foreign currency forward exchange contracts and $0.2 million less taxes of $0.1 million related to interest swaps. The currency translation adjustments are not currently adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.