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Accumulated Other Comprehensive (Loss)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Accumulated Other Comprehensive (Loss)

NOTE 19. ACCUMULATED OTHER COMPREHENSIVE (LOSS)

 

 

 

Foreign

Currency

Translation Adjustments (1)

 

 

Derivative

(Loss) Gain (1)

 

 

Pension and Postretirement Adjustments (1)

 

 

Total

Accumulated

Other

Comprehensive

(Loss) (1)

 

Balance, December 31, 2015

 

$

(33.8

)

 

$

(3.3

)

 

$

(450.3

)

 

$

(487.4

)

Separation of AFI, net of tax (benefit) of $-,

   $-, ($37.8), and ($37.8)

 

 

(4.6

)

 

 

(0.4

)

 

 

61.8

 

 

 

56.8

 

Other comprehensive (loss) income before reclassifications,

   net of tax expense of $ -, $3.9, $0.2, and $4.1

 

 

(11.8

)

 

 

(6.6

)

 

 

3.1

 

 

 

(15.3

)

Amounts reclassified from accumulated other

   comprehensive (loss)

 

 

-

 

 

 

6.1

 

 

 

13.9

 

 

 

20.0

 

Net current period other comprehensive (loss) income

 

 

(11.8

)

 

 

(0.5

)

 

 

17.0

 

 

 

4.7

 

Balance at June 30, 2016

 

$

(50.2

)

 

$

(4.2

)

 

$

(371.5

)

 

$

(425.9

)

 

 

 

Foreign

Currency

Translation Adjustments (1)

 

 

Derivative

(Loss) Gain (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) income before reclassifications,

   net of tax expense (benefit) of $ -, $0.4, ($3.0), and ($2.6)

 

 

(7.9

)

 

 

(0.1

)

 

 

3.0

 

 

 

(5.0

)

Amounts reclassified from accumulated other

   comprehensive (loss)

 

 

-

 

 

 

(1.0

)

 

 

18.1

 

 

 

17.1

 

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

)

 

(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,

 

 

 

 

 

2016

 

 

2015

 

 

 

Derivative Adjustments:

 

 

 

 

 

 

 

 

 

 

Natural gas commodity contracts

 

$

1.3

 

 

$

2.6

 

 

Cost of goods sold

Foreign exchange contracts - purchases

 

 

(0.5

)

 

 

(0.2

)

 

Cost of goods sold

Foreign exchange contracts - sales

 

 

(2.1

)

 

 

(4.0

)

 

Net sales

Interest rate swap contracts

 

 

10.7

 

 

 

-

 

 

Interest expense

Total (loss) income before tax

 

 

9.4

 

 

 

(1.6

)

 

 

Tax impact

 

 

(3.3

)

 

 

0.6

 

 

Income tax expense

Total income (loss), net of tax

 

 

6.1

 

 

 

(1.0

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and Postretirement Adjustments:

 

 

 

 

 

 

 

 

 

 

Prior service cost amortization

 

 

0.3

 

 

 

0.4

 

 

Cost of goods sold

Prior service cost amortization

 

 

0.3

 

 

 

0.4

 

 

SG&A expense

Amortization of net actuarial loss

 

 

11.0

 

 

 

14.2

 

 

Cost of goods sold

Amortization of net actuarial loss

 

 

9.8

 

 

 

12.8

 

 

SG&A expense

Total expense before tax

 

 

21.4

 

 

 

27.8

 

 

 

Tax impact

 

 

(7.5

)

 

 

(9.7

)

 

Income tax expense

Total expense, net of tax

 

 

13.9

 

 

 

18.1

 

 

 

Total reclassifications for the period

 

$

20.0

 

 

$

17.1