ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2013

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

13. ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive loss includes foreign currency translation of assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature, unrealized gains and losses on derivative financial instruments designated as cash flow hedges and adjustments to pension liabilities. There were no outstanding derivative financial instruments as of March 31, 2013 or December 31, 2012. Amounts recorded in accumulated other comprehensive loss, net of tax, as of March 31, 2013 and December 31, 2012, and changes within the period are as follows:

(In millions)	Accrued Pension Benefit Liability			Foreign Currency Items			Accumulated Other Comprehensive Loss
Balance at December 31, 2012	$	(48.6	)	$	26.7		$	(21.9	)
Other comprehensive income (loss) before reclassifications		0.7			(8.1	)		(7.4	)
Less: amounts reclassified from accumulated other comprehensive income into net income		0.3			-			0.3
Net current period other comprehensive income (loss)		0.4			(8.1	)		(7.7	)
Balance at March 31, 2013	$	(48.2	)	$	18.6		$	(29.6	)

Other comprehensive income (loss) is derived from adjustments to reflect the unrealized loss on derivatives, change in pension liability adjustment and change in foreign currency translation adjustment. The components of other comprehensive income (loss) for the three months ended March 31, 2013 and 2012 are as follows:

	Three Months Ended March 31, 2012
							Affected Line Items on the Condensed Consolidated Statements of Operations
(In millions)	2013			2012
Change in foreign currency translation adjustment:
Currency translation adjustments	$	(11.5	)	$	7.0
Tax expense (benefit)		(3.4	)		3.5		Provision for income taxes
Change in foreign currency translation adjustment, net of tax	$	(8.1	)	$	3.5
Unrealized gain on derivatives:
Natural gas hedge contracts	$	-		$	(1.4	)	Cost of sales
Tax expense (benefit)		-			(0.5	)	Provision for income taxes
Change in unrealized gain on derivatives, net of tax	$	-		$	(0.9	)
Change in pension liability adjustment:
Adjustments to pension liabilities	$	0.5		$	0.4		Cost of sales/selling, general     and administrative expenses
Tax expense (benefit)		0.1			0.1		Provision for income taxes
Pension liability adjustment, net of tax	$	0.4		$	0.3
Other comprehensive income (loss), before income taxes	$	(11.0	)	$	6.0
Total tax expense (benefit) for the period		(3.3	)		3.1		Provision for income taxes
Other comprehensive income (loss), net of tax	$	(7.7	)	$	2.9