Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Income (Loss)

NOTE 21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	Foreign Currency Translation Adjustments			Derivative Gain (Loss) ⁽¹⁾			Pension and Postretirement Adjustments⁽¹⁾			Total Accumulated Other Comprehensive (Loss)⁽¹⁾
Balance, June 30, 2019	$	(68.7	)	$	(7.8	)	$	(384.5	)	$	(461.0	)
Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $ -, $1.1, ($0.1) and $1.0		(2.6	)		(3.1	)		0.1			(5.6	)
Amounts reclassified from accumulated other comprehensive (loss)		81.2			0.4			5.4			87.0
Net current period other comprehensive income (loss)		78.6			(2.7	)		5.5			81.4
Balance, September 30, 2019	$	9.9		$	(10.5	)	$	(379.0	)	$	(379.6	)

	Foreign Currency Translation Adjustments			Derivative Gain (Loss) ⁽¹⁾			Pension and Postretirement Adjustments⁽¹⁾			Total Accumulated Other Comprehensive (Loss)⁽¹⁾
Balance, December 31, 2018	$	(74.7	)	$	5.3		$	(390.2	)	$	(459.6	)
Impact of ASU 2017-12 adoption		-			0.1			-			0.1
Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $ -, $5.9, ($1.1) and $4.8		3.4			(17.1	)		1.5			(12.2	)
Amounts reclassified from accumulated other comprehensive (loss)		81.2			1.2			9.7			92.1
Net current period other comprehensive income (loss)		84.6			(15.9	)		11.2			79.9
Balance, September 30, 2019	$	9.9		$	(10.5	)	$	(379.0	)	$	(379.6	)

	Foreign Currency Translation Adjustments			Derivative Gain ⁽¹⁾			Pension and Postretirement Adjustments⁽¹⁾			Total Accumulated Other Comprehensive (Loss) ⁽¹⁾
Balance, June 30, 2018	$	(62.0	)	$	10.0		$	(352.4	)	$	(404.4	)
Other comprehensive (loss) before reclassifications, net of tax expense (benefit) of $ -, ($0.7), $0.1 and ($0.6)		(7.0	)		(0.7	)		(0.3	)		(8.0	)
Amounts reclassified from accumulated other comprehensive (loss)		-			0.2			3.0			3.2
Net current period other comprehensive (loss) income		(7.0	)		(0.5	)		2.7			(4.8	)
Balance, September 30, 2018	$	(69.0	)	$	9.5		$	(349.7	)	$	(409.2	)

	Foreign Currency Translation Adjustments			Derivative Gain ⁽¹⁾		Pension and Postretirement Adjustments⁽¹⁾			Total Accumulated Other Comprehensive (Loss) ⁽¹⁾
Balance, December 31, 2017	$	(47.1	)	$	3.5	$	(302.3	)	$	(345.9	)
Impact of ASU 2018-02 adoption		-			0.7		(55.0	)		(54.3	)
Other comprehensive (loss) income before reclassifications, net of tax (benefit) expense of $ -, ($1.5), $0.3 and ($1.2)		(21.9	)		3.9		(1.2	)		(19.2	)
Amounts reclassified from accumulated other comprehensive (loss)		-			1.4		8.8			10.2
Net current period other comprehensive (loss) income		(21.9	)		5.3		7.6			(9.0	)
Balance, September 30, 2018	$	(69.0	)	$	9.5	$	(349.7	)	$	(409.2	)

(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
	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Derivative Adjustments:
Natural gas commodity contracts	$	-		$	-		$	-		$	0.4		Cost of goods sold
Foreign exchange contracts - purchases		-			(0.1	)		-			-		Cost of goods sold
Foreign exchange contracts - sales		-			-			-			0.3		Net sales
Interest rate swap contracts		0.5			0.3			1.5			1.1		Interest expense
Total loss, before tax		0.5			0.2			1.5			1.8
Tax impact		(0.1	)		-			(0.3	)		(0.4	)	Income tax expense
Total loss, net of tax		0.4			0.2			1.2			1.4

Pension and Postretirement Adjustments:
Prior service cost amortization		(0.1	)		-			(0.1	)		-		Other non-operating (income), net
Amortization of net actuarial loss		2.7			3.6			8.0			10.8		Other non-operating (income), net
Total expense, before tax		2.6			3.6			7.9			10.8
Tax impact		(0.7	)		(0.8	)		(1.7	)		(2.3	)	Income tax expense
Total expense from continuing operations, net of tax		1.9			2.8			6.2			8.5
Total expense from discontinued operations, net of tax expense of $-, ($0.1), $- and ($0.1)		-			0.2			-			0.3
Adjustments related to Sale to Knauf ⁽²⁾		3.5			-			3.5			-
Total expense, net of tax		5.4			3.0			9.7			8.8

Foreign currency translation adjustments related to Sale to Knauf ⁽²⁾		81.2			-			81.2			-
Total reclassifications for the period	$	87.0		$	3.2		$	92.1		$	10.2

(2)

Represents estimated amounts reclassified out of Accumulated other comprehensive loss as of September 30, 2019 concurrent with the Sale and included as a component of (Loss) gain from disposal of discontinued operations on the Condensed Consolidated Statement of Earnings and Comprehensive Income. A portion of these amounts were included in our previously reported estimated loss on sale. See Note 5 for additional details.