FOOTNOTE 4

Stockholders’ Equity

The following tables display the components of AOCI as of and for the years ended December 31, 2017 and 2016 (in millions):


	Cumulative Translation Adjustment			Pension and Postretirement Costs			Derivative Financial Instruments			AOCI
Balance at December 31, 2015	$	(411.7	)	$	(422.3	)	$	0.2		$	(833.8	)
Other comprehensive (loss) income before reclassifications		(198.0	)		10.0			(48.0	)		(236.0	)
Amounts reclassified to earnings		1.8			12.3			10.9			25.0

Net current period other comprehensive income (loss)		(196.2	)		22.3			(37.1	)		(211.0	)

Balance at December 31, 2016	$	(607.9	)	$	(400.0	)	$	(36.9	)	$	(1,044.8	)
Other comprehensive (loss) income before reclassifications		201.7			6.6			(27.8	)		180.5
Amounts reclassified to earnings		87.4			7.9			5.9			101.2

Net current period other comprehensive income (loss)		289.1			14.5			(21.9	)		281.7

Balance at December 31, 2017	$	(318.8	)	$	(385.5	)	$	(58.8	)	$	(763.1	)

For 2017, 2016 and 2015 reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were a pre-tax expense of $14.6 million, $16.5 million and $74.1 million, respectively, and primarily represent the amortization of net actuarial losses and plan settlements (see Footnote 13). These costs are recorded in selling, general and administrative expenses and cost of sales. For 2017, 2016 and 2015, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were pre-tax (loss) income of ($8.3) million, ($12.0) million and $14.3 million, respectively (see Footnote 11). The amounts reclassified to earnings from the cumulative translation adjustment are due to divestitures (see Footnote 3).

The income tax provision (benefit) allocated to the components of OCI are as follows (in millions):


	2017			2016			2015
Foreign currency translation adjustments	$	0.5		$	—		$	10.3
Unrecognized pension and postretirement costs		12.3			19.6			41.1
Derivative hedging (loss) gain		(8.7	)		(20.7	)		0.6

Income tax provision (benefit) related to OCI	$	4.1		$	(1.1	)	$	52.0