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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income

The following tables display the changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, for the three months ended March 31, 2018 (in millions):

 

     Cumulative
Translation
Adjustment
     Pension and
Postretirement
Costs
     Derivative
Financial
Instruments
     AOCI  

Balance at December 31, 2017

   $ (318.8    $ (385.5    $ (58.8    $ (763.1

Other comprehensive (loss) income before reclassifications

     64.1        (19.2      (8.8      36.1  

Amounts reclassified to earnings

     —        2.9        12.4        15.3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net current period other comprehensive income (loss)

     64.1        (16.3      3.6        51.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at March 31, 2018

   $ (254.7    $ (401.8    $ (55.2    $ (711.7
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Income Tax (Provision) Benefit Allocated to Components of OCI

The income tax provision (benefit) allocated to the components of other comprehensive income (loss) (“OCI”) for the periods indicated are as follows (in millions):

 

     Three Months Ended March 31,  
     2018      2017  

Foreign currency translation adjustments

   $ 7.9      $ 1.8  

Unrecognized pension and postretirement costs

     4.0        1.3  

Derivative financial instruments

     (0.2      (4.4
  

 

 

    

 

 

 

Income tax provision (benefit) related to OCI

   $ 11.7      $ (1.3