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ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS (Tables)
3 Months Ended
Mar. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS  
Schedule of amounts recorded in accumulated other comprehensive income, net of tax, and changes within the period

 

 

(In millions)
  Accrued Pension
Benefit Liabilities
  Foreign Currency
Items
  Equity Investee's
Other
Comprehensive
Loss
  Accumulated Other
Comprehensive
Income
 

Balance at December 31, 2013

    $ 60.5     $ 6.7     $ (0.9 )   $ 66.3

    

                         

Other comprehensive loss before reclassifications

    -     (11.6 )   (0.2 )   (11.8 )

Amounts reclassified from accumulated other comprehensive loss

    (1.5 )   -     -     (1.5 )
                   

Net current period other comprehensive loss

  (1.5 )   (11.6 )   (0.2 )   (13.3 )
                   

    

                         
                   

Balance at March 31, 2014

  $ 59.0     $ (4.9 )   $ (1.1 )   $ 53.0
                   
                   
Schedule of components of other comprehensive loss

 

 

 
  Three Months Ended March 31,  
(In millions)
  2014   2013  

Change in pension and OPEB liability adjustments:

           

Pension and OPEB liability adjustments

    ​$ (2.4 )   ​$ 0.5  

Tax expense (benefit)

    (0.9 )   0.1
           

Pension and OPEB liability adjustments, net of tax

    ​$ (1.5 )   ​$ 0.4  
           
           

    

           

Change in foreign currency translation adjustment:

             

Foreign currency translation loss

    $ (24.5 )   $ (11.5 )

Tax benefit

    (9.3 )   (3.4 )
           

Foreign currency translation adjustment, net of tax

  $ (15.2 )   $ (8.1 )
           
           

    

             

Unrealized loss on derivatives:

         

Equity interest in investee's other comprehensive loss

    ​$ (0.3 )   ​$ -  

Tax benefit

    (0.1 )   -
           

Equity interest in investee's other comprehensive loss, net of tax

    ​$ (0.2 )   ​$ -  
           
           

    

           

Other comprehensive loss, before income taxes

    ​$ (27.2 )   ​$ (11.0 )

Total tax benefit for the period

    (10.3 )   (3.3 )
           

Other comprehensive loss, net of tax

    ​$ (16.9 )   ​$ (7.7 )
           
           
Schedule of components of other comprehensive loss that have been reclassified

 

 

 
  Three Months Ended March 31,    
 
  Affected Line Items on the
Unaudited Condensed
Consolidated Statements
of Operations
(In millions)
  2014   2013

Details about other comprehensive loss components:

           

 

Change in pension and OPEB liability adjustments:

             

 

Amortization of actuarial loss (gain) and prior service credit (1)

    $ (2.4 )   $ 0.5  

Cost of sales and selling, general and administrative expenses

Tax expense (benefit)

    (0.9 )   0.1  

Provision for income taxes

             

Reclassifications for the period, net of tax

  $ (1.5 )   $ 0.4  

 

             
             
(1)
These other comprehensive income components are included in the computation of net periodic benefit income (expense).
        See Note 11 to the unaudited condensed consolidated financial statements for additional details.