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Accumulated Other Comprehensive (Loss) Income
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income

Note 10 — Accumulated Other Comprehensive (Loss) Income

 

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) income as of September 30, 2017 and December 31, 2016 were as follows:

 

(In millions)

 

 

Unrecognized Defined Benefit and Postretirement Plan Costs

 

 

 

Change in Fair Value of Derivatives

Products (a)

 

 

 

Foreign Currency Translation

 

 

 

Total

 

Balance at December 31, 2016

 

$

 

(14.6

)

 

$

 

(18.7

)

 

$

 

(141.1

)

 

$

 

(174.4

)

Other comprehensive (loss) income before reclassifications

 

 

 

(1.1

)

 

 

 

23.1

 

 

 

 

87.2

 

 

 

 

109.2

 

Amounts reclassified from accumulated other comprehensive loss

 

 

 

(0.5

)

 

 

 

8.5

 

 

 

 

—

 

 

 

 

8.0

 

Other comprehensive (loss) income

 

 

 

(1.6

)

 

 

 

31.6

 

 

 

 

87.2

 

 

 

 

117.2

 

Balance at September 30, 2017

 

$

 

(16.2

)

 

$

 

12.9

 

 

$

 

(53.9

)

 

$

 

(57.2

)

 

 

 

(a)

Includes forward foreign exchange contracts and interest rate derivatives

 

The amounts reclassified to earnings from the unrecognized net defined benefit and postretirement plan costs component of accumulated other comprehensive loss for the quarter were $0.4 million of net gains less taxes of $0.1 million and were $0.7 million of  net gains less $0.2 million of taxes for the nine months ended September 30, 2017.  The amounts reclassified to earnings from the change in fair value of the derivatives component of accumulated other comprehensive loss for the three and nine months ended September 30, 2017 were net losses of $0.4 million net taxes of $0.1 million and net losses of $10.7 million less taxes of $2.2 million, respectively.  The currency translation adjustments are not currently adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.