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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 11 — 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 June 30, 2018 and December 31, 2017 were as follows:

 

(In millions)

 

Unrecognized Defined Benefit and Postretirement Plan Costs

 

 

Change in Fair Value of Derivatives

Products (1)

 

 

Foreign Currency Translation

 

 

Total

 

Balance at December 31, 2017

 

$

(18.5

)

 

$

14.8

 

 

$

(41.3

)

 

$

(45.0

)

     Other comprehensive income (loss) before reclassifications

 

 

0.6

 

 

 

(7.7

)

 

 

(25.8

)

 

 

(32.9

)

     Amounts reclassified from accumulated other comprehensive loss

 

 

(0.1

)

 

 

(2.8

)

 

―

 

 

 

(2.9

)

Net comprehensive income (loss)

 

 

0.5

 

 

 

(10.5

)

 

 

(25.8

)

 

 

(35.8

)

Balance at June 30, 2018

 

$

(18.0

)

 

$

4.3

 

 

$

(67.1

)

 

$

(80.8

)

 

 

 

(1)

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 and six months ended June 30, 2018, were not material. The amounts reclassified to earnings from the change in fair value of the derivatives component of accumulated other comprehensive loss for the three and six months ended June 30, 2018 were net gains of $1.4 million less taxes of $0.4 million, and net gains of $4.0 million less taxes of $1.2 million. The currency translation adjustments are not currently adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.