Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Changes in Accumulated Other Comprehensive Income (loss) by Component

The components of AOCI and the changes in AOCI, net of tax, included in the Consolidated Balance Sheets and the Consolidated Statements of Stockholders’ Equity, consisted of the following:


	DERIVATIVE CONTRACTS			MARKETABLE DEBT SECURITIES			PENSION PLANS			FOREIGN CURRENCY TRANSLATION			TOTAL
Balance at January 1, 2015	$	(13.5	)	$	5.3		$	(433.1	)	$	(138.5	)	$	(579.8	)
Recorded into AOCI		27.9			(1.7	)		15.1			(483.8	)		(442.5	)
Reclassified out of AOCI		(20.8	)		(1.5	)		27.6						5.3

Net other comprehensive income (loss)		7.1			(3.2	)		42.7			(483.8	)		(437.2	)

Balance at December 31, 2015	$	(6.4	)	$	2.1		$	(390.4	)	$	(622.3	)	$	(1,017.0	)

	DERIVATIVE CONTRACTS			MARKETABLE DEBT SECURITIES			PENSION PLANS			FOREIGN CURRENCY TRANSLATION			TOTAL
Balance at January 1, 2014	$	(15.1	)	$	1.7		$	(262.2	)	$	284.3		$	8.7
Recorded into AOCI		20.0			4.2			(185.8	)		(422.8	)		(584.4	)
Reclassified out of AOCI		(18.4	)		(.6	)		14.9						(4.1	)

Net other comprehensive income (loss)		1.6			3.6			(170.9	)		(422.8	)		(588.5	)

Balance at December 31, 2014	$	(13.5	)	$	5.3		$	(433.1	)	$	(138.5	)	$	(579.8	)


	DERIVATIVE CONTRACTS			MARKETABLE DEBT SECURITIES			PENSION PLANS			FOREIGN CURRENCY TRANSLATION			TOTAL
Balance at January 1, 2013	$	(27.2	)	$	6.6		$	(496.5	)	$	357.6		$	(159.5	)
Recorded into AOCI		36.9			(6.1	)		204.8			(71.3	)		164.3
Reclassified out of AOCI		(24.8	)		1.2			29.5			(2.0	)		3.9

Net other comprehensive income (loss)		12.1			(4.9	)		234.3			(73.3	)		168.2

Balance at December 31, 2013	$	(15.1	)	$	1.7		$	(262.2	)	$	284.3		$	8.7

Reclassifications Out of Accumulated Other Comprehensive Income

Reclassifications out of AOCI during the years ended December 31, 2015, 2014 and 2013 are as follows:


		AMOUNT RECLASSIFIED OUT OF AOCI
AOCI COMPONENTS	LINE ITEM IN THE CONSOLIDATED STATEMENTS OF INCOME	2015			2014			2013
Unrealized (gains) and losses on derivative contracts:
Truck, Parts and Other
Foreign-exchange contracts	Net sales and revenues	$	(.1	)
	Cost of sales and revenues		3.4		$	.3		$	1.0
	Interest and other expense, net		(4.1	)		(2.1	)		(.6	)
Financial Services
Interest-rate contracts	Interest and other borrowing expenses		(28.5	)		(21.7	)		(36.0	)

	Pre-tax expense reduction		(29.3	)		(23.5	)		(35.6	)
	Tax expense		8.5			5.1			10.8

	After-tax expense reduction		(20.8	)		(18.4	)		(24.8	)

Unrealized (gains) and losses on marketable debt securities:
Marketable debt securities	Investment income		(2.1	)		(.9	)		1.7
	Tax expense (benefit)		.6			.3			(.5	)

	After-tax income (increase) decrease		(1.5	)		(.6	)		1.2

Pension plans:
Truck, Parts and Other
Actuarial loss	Cost of sales and revenues		22.4			11.1			21.4
	Selling, general and administrative		17.1			9.0			20.3

			39.5			20.1			41.7
Prior service costs	Cost of sales and revenues		1.0			1.0			.4
	Selling, general and administrative		.2			.2			.6
	Research and development								.3

			1.2			1.2			1.3
Financial Services
Actuarial loss	Selling, general and administrative		1.7			.7			2.3

	Pre-tax expense increase		42.4			22.0			45.3
	Tax benefit		(14.8	)		(7.1	)		(15.8	)

	After-tax expense increase		27.6			14.9			29.5

Foreign currency translation:
Truck, Parts and Other	Interest and other expense, net								(1.1	)
Financial Services	Interest and other borrowing expenses								(.9	)

	Expense reduction								(2.0	)

Total reclassifications out of AOCI		$	5.3		$	(4.1	)	$	3.9