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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

NOTE 15. ACCUMULATED OTHER COMPREHENSIVE INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Currency Translation Adjustments (1)

 

Derivative Adjustments (1)

 

Pension and Postretirement Adjustments (1)

 

Total Accumulated Other Comprehensive Loss (1)

Balance, December 31, 2014

 

($8.3)

 

($4.0)

 

($483.2)

 

($495.5)

Other comprehensive (loss) before reclassifications, net of tax benefit (expense) of $ -, $0.4,  ($0.6), and ($0.2)

 

(7.9)

 

(0.1)

 

(1.3)

 

(9.3)

Amounts reclassified from accumulated other comprehensive (loss)

 

 -

 

(1.0)

 

22.4 

 

21.4 

Net current period other comprehensive (loss) income

 

(7.9)

 

(1.1)

 

21.1 

 

12.1 

Balance at June 30, 2015

 

($16.2)

 

($5.1)

 

($462.1)

 

($483.4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Currency Translation Adjustments (1)

 

Derivative Adjustments (1)

 

Pension and Postretirement Adjustments (1)

 

Total Accumulated Other Comprehensive Loss (1)

Balance, December 31, 2013

 

$
21.3 

 

($0.7)

 

($392.2)

 

($371.6)

Other comprehensive income (loss) before reclassifications, net of tax benefit (expense) of $ -, $1.4,  ($0.2), and $1.2

 

4.1 

 

(3.4)

 

(0.7)

 

 -

Amounts reclassified from accumulated other comprehensive (loss)

 

 -

 

(2.8)

 

13.5 

 

10.7 

Net current period other comprehensive income (loss)

 

4.1 

 

(6.2)

 

12.8 

 

10.7 

Balance at June 30, 2014

 

$
25.4 

 

($6.9)

 

($379.4)

 

($360.9)

(1) Amounts are net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts Reclassified from Accumulated Other Comprehensive Loss

 

Affected Line Item in the Condensed Consolidated Statement of Earnings and Comprehensive Income

 

 

Six Months Ended          June 30,

 

 

 

 

2015

 

2014

 

 

Derivative Adjustments:

 

 

 

 

 

 

Natural gas commodity contracts

 

$
2.6 

 

($1.1)

 

Cost of goods sold

Foreign exchange contracts - purchases

 

(0.2)

 

(0.5)

 

Cost of goods sold

Foreign exchange contracts - sales

 

(4.0)

 

(2.7)

 

Net sales

Total income before tax

 

(1.6)

 

(4.3)

 

 

Tax impact

 

0.6 

 

1.5 

 

Income tax expense

Total income, net of tax

 

(1.0)

 

(2.8)

 

 

 

 

 

 

 

 

 

Pension and Postretirement Adjustments:

 

 

 

 

 

 

Prior service cost amortization

 

0.3 

 

0.3 

 

Cost of goods sold

Prior service cost amortization

 

0.4 

 

0.3 

 

SG&A expense

Amortization of net actuarial loss

 

17.7 

 

10.9 

 

Cost of goods sold

Amortization of net actuarial loss

 

16.1 

 

9.3 

 

SG&A expense

Total expense before tax

 

34.5 

 

20.8 

 

 

Tax impact

 

(12.1)

 

(7.3)

 

Income tax expense

Total expense, net of tax

 

22.4 

 

13.5 

 

 

Total reclassifications for the period

 

$
21.4 

 

$
10.7