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ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Sep. 30, 2016
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, 2016 and 2015, were as follows:
 
 
Foreign Currency Translation Adjustment
 
Pension Adjustment
 
Total
Balance, January 1, 2015
 
$
(886.5
)
 
$
(29.4
)
 
$
(915.9
)
Foreign currency translation adjustment
 
(546.1
)
 
—

 
(546.1
)
Pension adjustment(1)
 
—

 
(1.4
)
 
(1.4
)
Balance, September 30, 2015
 
$
(1,432.6
)
 
$
(30.8
)
 
$
(1,463.4
)
 
 
 
 
 
 
 
Balance, January 1, 2016
 
$
(1,529.4
)
 
$
(12.2
)
 
$
(1,541.6
)
Foreign currency translation adjustment
 
(35.7
)
 
—

 
(35.7
)
Pension adjustment(1)
 
—

 
(1.6
)
 
(1.6
)
Balance, September 30, 2016
 
$
(1,565.1
)
 
$
(13.8
)
 
$
(1,578.9
)
____________________________________
(1)
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.