XML 59 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
Federal Home Loan Banks [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

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
  

 

 

   

 

 

   

 

 

   

 

 

 

 

 

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):

 

     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