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Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2019
Federal Home Loan Banks [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
The following tables display the components of accumulated other comprehensive income (loss) (“AOCL”) as of and for the years ended December 31, 2019 and 2018 (in millions):
 
Cumulative
Translation
Adjustment
 
Pension and
Postretirement
Costs
 
Derivative
Financial
Instruments
 
AOCL
Balance at December 31, 2017
$
(318.8
)
 
$
(385.5
)
 
$
(58.8
)
 
$
(763.1
)
Other comprehensive income (loss) before reclassifications
(203.0
)
 
29.1

 
14.6

 
(159.3
)
Amounts reclassified to earnings
29.2

 
12.8

 
30.2

 
72.2

Net current period other comprehensive income (loss)
(173.8
)
 
41.9

 
44.8

 
(87.1
)
Reclassification to retained earnings (1)

 
(54.5
)
 
(8.1
)
 
(62.6
)
Balance at December 31, 2018
$
(492.6
)
 
$
(398.1
)
 
$
(22.1
)
 
$
(912.8
)
Other comprehensive income (loss) before reclassifications
4.4

 
(8.0
)
 
(14.1
)
 
(17.7
)
Amounts reclassified to earnings
9.7

 
7.1

 
(6.2
)
 
10.6

Net current period other comprehensive income (loss)
14.1

 
(0.9
)
 
(20.3
)
 
(7.1
)
Balance at December 31, 2019
$
(478.5
)
 
$
(399.0
)
 
$
(42.4
)
 
$
(919.9
)
(1)
Reclassification is due to the adoption of ASU 2018-2.
Schedule of Income Tax Provision (Benefit) Allocated to Components of OCI
The income tax provision (benefit) allocated to the components of OCI for the years ended December 31, are as follows (in millions):
 
2019
 
2018
 
2017
Foreign currency translation adjustments
$
0.2

 
$
3.7

 
$
0.5

Unrecognized pension and postretirement costs
(0.2
)
 
11.3

 
12.3

Derivative financial instruments
(2.8
)
 
18.6

 
(8.7
)
Income tax related to AOCL
$
(2.8
)
 
$
33.6

 
$
4.1