Footnote 5 — Stockholders’ Equity

The following tables display the components of accumulated other comprehensive income (loss) (“AOCI”) as of and for the years ended December 31, 2018 and 2017 (in millions):


	Cumulative Translation Adjustment			Pension and Postretirement Costs			Derivative Financial Instruments			AOCI
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	)
Other comprehensive (loss) income 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	)

(1)	Reclassification is due to the adoption of ASU 2018-02 (see Footnote 1).

For 2018, 2017 and 2016 reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were a pre-tax expense of $16.3 million, $14.6 million and $16.5 million, respectively, and primarily represent the amortization of net actuarial losses and plan settlements (see Footnote 14). These costs are recorded in selling, general and administrative expenses and cost of sales. For 2018, 2017 and 2016, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were pre-tax loss of $42.7 million, $8.3 million and $12.0 million, respectively (see Footnote 12). The amounts reclassified to earnings from the cumulative translation adjustment are due to divestitures (see Footnote 4).

The income tax provision (benefit) allocated to the components of OCI for the years ended December 31, are as follows (in millions):


	2018		2017			2016
Foreign currency translation adjustments	$	3.7	$	0.5		$	—
Unrecognized pension and postretirement costs		11.3		12.3			19.6
Derivative hedging (loss) gain		18.6		(8.7	)		(20.7	)

Income tax provision (benefit) related to OCI	$	33.6	$	4.1		$	(1.1	)