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ACCUMULATED OTHER COMPREHENSIVE LOSS
9 Months Ended
Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of accumulated other comprehensive loss as of September 30, 2014 and 2013, were as follows:
 
 
Foreign
Currency
Translation
Adjustment
 
Unrealized
Gain on
Equity Investment
 
Net
Unrealized
Holding
Gain
on Available-
For-Sale
Equity
Securities
 
Pension
Adjustment
 
Total
Balance, January 1, 2013
 
$
(119.5
)
 
$

 
$
0.4

 
$
(0.3
)
 
$
(119.4
)
Foreign currency translation adjustment
 
(40.5
)
 

 

 

 
(40.5
)
Reclassification to net income (loss)(1)
 

 

 
(4.0
)
 

 
(4.0
)
Net unrealized holding gain on available-for-sale equity securities
 

 

 
3.6

 

 
3.6

Balance, September 30, 2013
 
$
(160.0
)
 
$

 
$

 
$
(0.3
)
 
$
(160.3
)
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2014
 
$
(170.3
)
 
$

 
$

 
$
37.5

 
$
(132.8
)
Foreign currency translation adjustment
 
(439.9
)
 

 

 

 
(439.9
)
Unrealized gain on equity method investment, net of tax
 

 
22.5

 

 

 
22.5

Net unrealized holding gain on available-for-sale equity securities, net of tax
 

 

 
1.8

 

 
1.8

Reclassification to net income (loss)(1)
 

 

 
(1.8
)
 

 
(1.8
)
Pension adjustment(2)
 

 

 

 
(1.8
)
 
(1.8
)
Balance, September 30, 2014
 
$
(610.2
)
 
$
22.5

 
$

 
$
35.7

 
$
(552.0
)
____________________________________
(1)
Included in gain on investments, net.
(2)
Reflects changes in defined benefit obligations and related plan assets of the Company’s defined benefit pension plans and the U.S. postretirement benefit plan (as described in note 13).
Income taxes are not provided for foreign currency translation adjustments arising on the translation of the Company’s operations having a functional currency other than the U.S. dollar. Income taxes allocated to pension adjustments and reclassification adjustments were not material.