Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss)

Note 15 – Accumulated Other Comprehensive Income (Loss)

The following tables summarize the components of AOCI at December 31, 2014, 2013, and 2012, and changes during the years then ended.

TABLE 75: SUMMARY OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

(In Millions)	BALANCE AT DECEMBER 31, 2014			NET CHANGE			BALANCE AT DECEMBER 31, 2013			NET CHANGE			BALANCE AT DECEMBER 31, 2012			NET CHANGE			BALANCE AT DECEMBER 31, 2011
Net Unrealized Gains (Losses) on Securities Available for Sale	$	27.6		$	21.6		$	6.0		$	(95.0	)	$	101.0		$	61.2		$	39.8
Net Unrealized (Losses) Gains on Cash Flow Hedges		(4.7	)		(7.6	)		2.9			4.3			(1.4	)		5.6			(7.0	)
Net Foreign Currency Adjustments		(1.7	)		(8.8	)		7.1			(3.4	)		10.5			20.0			(9.5	)
Net Pension and Other Postretirement Benefit Adjustments		(340.9	)		(80.6	)		(260.3	)		132.8			(393.1	)		(24.2	)		(368.9	)
Total	$	(319.7	)	$	(75.4	)	$	(244.3	)	$	38.7		$	(283.0	)	$	62.6		$	(345.6	)

TABLE 76: DETAILS OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	FOR THE YEAR ENDED DECEMBER 31,
	2014									2013									2012
(In Millions)	BEFORE TAX			TAX EFFECT			AFTER TAX			BEFORE TAX			TAX EFFECT			AFTER TAX			BEFORE TAX			TAX EFFECT			AFTER TAX
Unrealized Gains (Losses) on Securities Available for Sale
Noncredit-Related Unrealized Losses on Securities OTTI	$	4.5		$	(1.7	)	$	2.8		$	3.0		$	(1.1	)	$	1.9		$	15.7		$	(5.9	)	$	9.8
Other Unrealized Gains (Losses) on Securities Available for Sale		30.1			(11.4	)		18.7			(156.8	)		59.0			(97.8	)		96.2			(36.1	)		60.1
Reclassification Adjustment for (Gains) Losses Included in Net Income		0.1			–			0.1			1.6			(0.7	)		0.9			(13.9	)		5.2			(8.7	)
Net Change	$	34.7		$	(13.1	)	$	21.6		$	(152.2	)	$	57.2		$	(95.0	)	$	98.0		$	(36.8	)	$	61.2
Unrealized Gains (Losses) on Cash Flow Hedges
Unrealized Gains (Losses) on Cash Flow Hedges	$	(8.7	)	$	3.6		$	(5.1	)	$	2.1		$	(0.7	)	$	1.4		$	3.2		$	(0.6	)	$	2.6
Reclassification Adjustment for (Gains) Losses Included in Net Income		(4.0	)		1.5			(2.5	)		4.7			(1.8	)		2.9			4.8			(1.8	)		3.0
Net Change	$	(12.7	)	$	5.1		$	(7.6	)	$	6.8		$	(2.5	)	$	4.3		$	8.0		$	(2.4	)	$	5.6
Foreign Currency Adjustments
Foreign Currency Translation Adjustments	$	(107.8	)	$	10.8		$	(97.0	)	$	91.9		$	(29.7	)	$	62.2		$	37.9		$	3.1		$	41.0
Long-Term Intra-Entity Foreign Currency Transaction Losses		(1.0	)		0.4			(0.6	)		–			–			–			–			–			–
Net Investment Hedge Gains (Losses)		142.6			(53.8	)		88.8			(107.3	)		41.7			(65.6	)		(33.7	)		12.7			(21.0	)
Net Change	$	33.8		$	(42.6	)	$	(8.8	)	$	(15.4	)	$	12.0		$	(3.4	)	$	4.2		$	15.8		$	20.0
Pension and Other Postretirement Benefit Adjustments
Net Actuarial Gains (Losses)	$	(137.8	)	$	41.5		$	(96.3	)	$	157.7		$	(54.9	)	$	102.8		$	(62.8	)	$	15.8		$	(47.0	)
Reclassification Adjustment for Losses Included in Net Income		25.2			(9.5	)		15.7			46.1			(16.1	)		30.0			33.9			(11.1	)		22.8
Net Change	$	(112.6	)	$	32.0		$	(80.6	)	$	203.8		$	(71.0	)	$	132.8		$	(28.9	)	$	4.7		$	(24.2	)

The following table provides the location and before-tax amounts of reclassifications out of AOCI during the years ended December 31, 2014, 2013 and 2012.

TABLE 77: RECLASSIFICATION ADJUSTMENT OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME

(In Millions)	LOCATION OF RECLASSIFICATION ADJUSTMENTS RECOGNIZED IN INCOME	AMOUNT OF RECLASSIFICATION ADJUSTMENTS RECOGNIZED IN INCOME YEAR ENDED DECEMBER 31,
		2014			2013			2012
Securities Available for Sale
Realized (Gains) Losses on Securities Available for Sale	Investment Security Gains (Losses), net	$	0.1		$	1.6		$	(13.9	)
Realized (Gains) Losses on Cash Flow Hedges
Foreign Exchange Contracts	Other Operating Income/ Expense		(4.0	)		4.7			4.8
Pension and Other Postretirement Benefit Adjustments
Amortization of Net Actuarial (Gains) Losses	Employee Benefits		25.1			49.0			38.8
Amortization of Prior Service Cost	Employee Benefits		0.1			(2.9	)		(4.9	)
Gross Reclassification Adjustment		$	25.2		$	46.1		$	33.9