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ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Sep. 30, 2015
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, 2015 and 2014, 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, 2014
 
$
(170.3
)
 
$
—

 
$
—

 
$
37.5

 
$
(132.8
)
Foreign currency translation adjustment
 
(439.9
)
 
—

 
—

 
—

 
(439.9
)
Unrealized gain on equity method investment, net of tax(1)
 
—

 
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)(2)
 
—

 
—

 
(1.8
)
 
—

 
(1.8
)
Pension adjustment(3)
 
—

 
—

 
—

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

 
$
—

 
$
35.7

 
$
(552.0
)
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2015
 
$
(886.5
)
 
$
—

 
$
—

 
$
(29.4
)
 
$
(915.9
)
Foreign currency translation adjustment
 
(546.1
)
 
—

 
—

 
—

 
(546.1
)
Pension adjustment(3)
 
—

 
—

 
—

 
(1.4
)
 
(1.4
)
Balance, September 30, 2015
 
$
(1,432.6
)
 
$
—

 
$
—

 
$
(30.8
)
 
$
(1,463.4
)
____________________________________
(1)
Relates to the Company's investment in PS Fund 1, LLC ("PS Fund 1"), an entity that we previously owned with Pershing Square Capital Management, L.P. ("Pershing Square"). The Company is no longer a member of PS Fund 1.
(2)
Included in gain on investments, net.
(3)
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 (see Note 11).
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 reclassification adjustments were not material.