Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Amounts Recorded in Accumulated Other Comprehensive Loss, Net of Tax, and Changes within the Period

Amounts recorded in accumulated other comprehensive loss, net of tax, as of June 30, 2016 and December 31, 2015, and changes within those periods are as follows:


*(In millions)*	Foreign Currency Items		Derivative Cash Flow Hedges		Accrued Pension and OPEB Plan Liabilities		Accumulated Other Comprehensive Loss

Balance at January 1, 2016	$	(89.4)	$	0.5	$	(29.1)	$	(118.0)

Other comprehensive income before reclassifications		23.4		0.2		0.2		23.8
Amounts reclassified from accumulated other comprehensive loss, net of tax		-		0.7		(3.0)		(2.3)

Net current period other comprehensive income (loss)		23.4		0.9		(2.8)		21.5



Balance at June 30, 2016	$	(66.0)	$	1.4	$	(31.9)	$	(96.5)

Schedule of Components of Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) for the three and six month periods ended June 30, 2016 and 2015 are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
*(In millions)*	2016		2015		2016		2015
Change in foreign currency translation adjustments:
Foreign currency translation adjustments	$	0.1	$	11.5	$	28.8	$	(23.5)
Tax expense (benefit)		-		1.7		3.4		(1.9)

Foreign currency translation adjustments, net of tax	$	0.1	$	9.8	$	25.4	$	(21.6)


Change in derivative cash flow hedges:
Commodity hedge contracts	$	1.6	$	2.0	$	1.6	$	7.2
Equity interest in investee’s other comprehensive income (loss)		-		-		(0.1)		3.9

Pre-tax amount		1.6		2.0		1.5		11.1
Tax expense		0.6		0.7		0.6		4.2

Derivative cash flow hedges, net of tax	$	1.0	$	1.3	$	0.9	$	6.9


Change in pension and OPEB liability adjustments:
Amortization of actuarial loss and prior service credit	$	(2.4)	$	(1.6)	$	(4.8)	$	(3.2)
Other pension and OPEB plan adjustments		0.1		-		0.3		0.4

Pre-tax amount		(2.3)		(1.6)		(4.5)		(2.8)
Tax benefit		(0.9)		(0.6)		(1.7)		(1.1)

Pension and OPEB liability adjustments, net of tax	$	(1.4)	$	(1.0)	$	(2.8)	$	(1.7)


Other comprehensive income (loss), before income taxes	$	(0.6)	$	11.9	$	25.8	$	(15.2)
Tax expense (benefit) for the period		(0.3)		1.8		2.3		1.2

Other comprehensive income (loss), net of tax	$	(0.3)	$	10.1	$	23.5	$	(16.4)

Schedule of Components of Other Comprehensive Income (Loss) that have been Reclassified

The components of other comprehensive income (loss) that have been reclassified during the three and six month periods ended June 30, 2016 and 2015 are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,				Affected Line Items on the Unaudited Condensed Consolidated Statements of Operations
*(In millions)*	2016		2015		2016		2015
Details about other comprehensive income (loss) components:
Change in derivative cash flow hedges:
Gain (loss) on derivative cash flow hedges	$	0.8	$	(1.3)	$	1.2	$	(8.7)	Cost of sales
Tax expense (benefit)		0.3		(0.5)		0.5		(3.3)	Provision for (benefit from) income taxes

Reclassifications for the period, net of tax	$	0.5	$	(0.8)	$	0.7	$	(5.4)


Change in pension and OPEB liability adjustments:
Amortization of actuarial loss and prior service credit	$	(2.4)	$	(1.6)	$	(4.8)	$	(3.2)	Cost of sales and selling, general and administrative expenses
Tax benefit		(0.9)		(0.6)		(1.8)		(1.2)	Provision for (benefit from) income taxes

Reclassifications for the period, net of tax	$	(1.5)	$	(1.0)	$	(3.0)	$	(2.0)