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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 10 — 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 March 31, 2017 and December 31, 2016 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, 2016

 

 

$

(14.6

)

 

$

(18.7

)

 

$

(141.1

)

 

$

(174.4

)

Other comprehensive (loss) income before reclassifications

 

 

 

(0.1

)

 

 

2.5

 

 

 

9.1

 

 

 

11.5

 

Amounts reclassified from accumulated other comprehensive loss

 

 

 

(0.1

)

 

 

4.9

 

 

 

 

 

 

4.8

 

Other comprehensive (loss) income

 

 

 

(0.2

)

 

 

7.4

 

 

 

9.1

 

 

 

16.3

 

Balance at March 31, 2017

 

 

$

(14.8

)

 

$

(11.3

)

 

$

(132.0

)

 

$

(158.1

)

 

 

The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the quarter ended March 31, 2017 were net losses of $0.2 million less taxes of $0.1 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 quarter ended March 31, 2017 were net gains of $6.6 million less taxes of $1.6 million related to foreign currency forward exchange contracts and net losses of $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.