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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 12 — Accumulated Other Comprehensive Loss

 

Comprehensive income represents net income and other gains and losses affecting stockholders’ equity that are not reflected in the Condensed Consolidated Statements of Operations. The components of accumulated other comprehensive loss as of September 30, 2019 and December 31, 2018 were as follows:

(In millions)

 

Unrecognized Net Defined Benefit and Postretirement Plan Costs

 

 

Change in Fair Value of Derivatives

Products (1)

 

 

Foreign Currency Translation

 

 

Total

 

Balance at December 31, 2018

 

$

(15.4

)

 

$

(5.8

)

 

$

(86.8

)

 

$

(108.0

)

     Other comprehensive loss before reclassifications

 

 

0.6

 

 

 

(23.2

)

 

 

(37.3

)

 

 

(59.9

)

Amounts reclassified from accumulated other comprehensive loss

 

 

(0.6

)

 

 

7.4

 

 

—

 

 

 

6.8

 

Other comprehensive loss

 

—

 

 

 

(15.8

)

 

 

(37.3

)

 

 

(53.1

)

Balance at September 30, 2019

 

$

(15.4

)

 

$

(21.6

)

 

$

(124.1

)

 

$

(161.1

)

 

 

 

(1)

Includes forward foreign exchange contracts, interest rate derivatives and commodity swaps.

 

The amounts of net gains reclassified to earnings from the unrecognized net defined benefit and postretirement plan costs component of accumulated other comprehensive loss for the three and nine months ended September 30, 2019, were $0.2 million with no material tax impact and $0.8 million less taxes of $0.2 million, respectively. 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, 2019 were net losses of $3.8 million less taxes of $0.9 million and $8.4 million less taxes of $1.9 million, respectively, related to foreign currency forward exchange contracts and $0.8 million less taxes of $0.2 million and $2.4 million less taxes of $0.6 million, respectively, related to commodity swaps. We also recorded net gains of $0.3 million less taxes of less than $0.1 million and $1.1 million less taxes of $0.2 million related to interest rate swaps, in the three and nine month periods ended September 30, 2019, respectively.