ACCUMULATED OTHER COMPREHENSIVE INCOME AND OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of amounts recorded in accumulated other comprehensive income, net of tax, and changes within the period

(In millions)	Accrued Pension and OPEB Plan Liabilities			Foreign Currency Items			Derivative Cash Flow Hedges			Accumulated Other Comprehensive Income (loss)
Balance at December 31, 2012	$	(48.6	)	$	26.7		$	-		$	(21.9	)
Other comprehensive income (loss) before reclassifications		118.8			(20.0	)		(0.9	)		97.9
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		(9.7	)		-			-			(9.7	)
Net current period other comprehensive income (loss)		109.1			(20.0	)		(0.9	)		88.2
Balance at December 31, 2013		60.5			6.7			(0.9	)		66.3
Other comprehensive income (loss) before reclassifications		(103.2	)		(27.1	)		(7.4	)		(137.7	)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		(2.3	)		-			-			(2.3	)
Net current period other comprehensive income (loss)		(105.5	)		(27.1	)		(7.4	)		(140.0	)
Balance at December 31, 2014	$	(45.0	)	$	(20.4	)	$	(8.3	)	$	(73.7	)

Schedule of components of other comprehensive loss

	Year Ended December 31,
(In millions)	2014			2013			2012
Change in foreign currency translation adjustment:
Currency translation adjustments	$	(57.7	)	$	(34.7	)	$	8.0
Tax expense (benefit)		(22.9	)		(14.7	)		3.9
Change in foreign currency translation adjustment, net of tax	$	(34.8	)	$	(20.0	)	$	4.1
Change in pension and OPEB liability adjustments:
Adjustments to pension liabilities	$	(164.9	)	$	189.1		$	(15.0	)
Curtailment gain		-			(15.5	)		-
Settlement loss		5.8			-			-
Amortization of actuarial loss (gain) and prior service credit		(9.5	)		(0.2	)		1.6
Pre-tax amount		(168.6	)		173.4			(13.4	)
Tax expense (benefit)		(63.1	)		64.3			(5.1	)
Pension and OPEB liability adjustment, net of tax	$	(105.5	)	$	109.1		$	(8.3	)
Change in derivative cash flow hedges:
Commodity hedge contracts	$	(10.6	)	$	-		$	0.7
Equity interest in investee's other comprehensive loss		(1.2	)		(1.4	)		-
Pre-tax amount		(11.8	)		(1.4	)		0.7
Tax expense (benefit)		(4.4	)		(0.5	)		0.2
Unrealized gain (loss) on derivative cash flow hedges, net of tax	$	(7.4	)	$	(0.9	)	$	0.5
Other comprehensive income (loss), before income taxes	$	(238.1	)	$	137.3		$	(4.7	)
Total tax expense (benefit) for the period		(90.4	)		49.1			(1.0	)
Other comprehensive income (loss), net of tax	$	(147.7	)	$	88.2		$	(3.7	)

Schedule of components of other comprehensive loss that have been reclassified

	Year Ended December 31,
									Affected Line Items on the Consolidated Statements of Operations
(In millions)	2014			2013			2012
Details about other comprehensive income (loss) components:
Change in pension and OPEB liability adjustments:
Curtailment gain(1)	$	-		$	(15.5	)	$	-	Transaction-related costs and other, net
Settlement loss(1)		5.8			-			-	Transaction-related costs and other, net
Amortization of actuarial loss (gain) and prior service credit(1)		(9.5	)		(0.2	)		1.6	Cost of sales and selling, general and administrative expenses
Pre-tax amount		(3.7	)		(15.7	)		1.6
Tax expense (benefit)		(1.4	)		(6.0	)		0.6	Provision for income taxes
Reclassifications for the period, net of tax	$	(2.3	)	$	(9.7	)	$	1.0

(1) These other comprehensive income (loss) components are included in the computation of net periodic benefit income (expense). See Note 12 of the Notes to the Consolidated Financial Statements for additional details.