XML 55 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
ACCUMULATED OTHER COMPREHENSIVE INCOME
The tables below present the changes in accumulated other comprehensive loss ("AOCI") by component and the reclassifications out of AOCI for the three months ended June 30, 2015 and 2014:
Three Months Ended June 30, 2015:
 
Foreign Currency Translation Adjustments
 
Cash Flow Hedges
 
Net Investment Hedges
 
Pension and Postretirement Benefits
 
Total
Balance at March 31, 2015
 
$
(803.1
)
 
$
(2.8
)
 
$
(4.3
)
 
$
(523.4
)
 
$
(1,333.6
)
Other comprehensive income other than reclassifications
 
21.4

 

 

 

 
21.4

Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
Derivative losses on cash flow hedges, net of tax of $0.0(1)
 

 
.5

 

 

 
.5

Amortization of net actuarial loss and prior service cost, net of tax of $.3(2)
 

 

 

 
13.3

 
13.3

Total reclassifications into earnings
 

 
.5

 

 
13.3

 
13.8

Balance at June 30, 2015
 
$
(781.7
)
 
$
(2.3
)
 
$
(4.3
)
 
$
(510.1
)
 
$
(1,298.4
)
Three Months Ended June 30, 2014:
 
Foreign Currency Translation Adjustments
 
Cash Flow Hedges
 
Net Investment Hedges
 
Pension and Postretirement Benefits
 
Total
Balance at March 31, 2014
 
$
(438.3
)
 
$
(4.8
)
 
$
(4.3
)
 
$
(423.7
)
 
$
(871.1
)
Other comprehensive loss other than reclassifications
 
32.3

 

 

 
(32.7
)
 
(.4
)
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
Derivative losses on cash flow hedges, net of tax of $.2(1)
 

 
.3

 

 

 
.3

Amortization of net actuarial loss and prior service cost, net of tax of $13.9(2)
 

 

 

 
24.9

 
24.9

Total reclassifications into earnings
 

 
.3

 

 
24.9

 
25.2

Balance at June 30, 2014
 
$
(406.0
)
 
$
(4.5
)
 
$
(4.3
)
 
$
(431.5
)
 
$
(846.3
)
The tables below present the changes in accumulated other comprehensive loss ("AOCI") by component and the reclassifications out of AOCI for the six months ended June 30, 2015 and 2014:
Six Months Ended June 30, 2015:
 
Foreign Currency Translation Adjustments
 
Cash Flow Hedges
 
Net Investment Hedges
 
Pension and Postretirement Benefits
 
Total
Balance at December 31, 2014
 
$
(677.0
)
 
$
(3.2
)
 
$
(4.3
)
 
$
(533.1
)
 
$
(1,217.6
)
Other comprehensive loss other than reclassifications
 
(104.7
)
 

 

 
(3.6
)
 
(108.3
)
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
Derivative losses on cash flow hedges, net of tax of $0.0(1)
 

 
.9

 

 

 
.9

Amortization of net actuarial loss and prior service cost, net of tax of $.6(2)
 

 

 

 
26.6

 
26.6

Total reclassifications into earnings
 

 
.9

 

 
26.6

 
27.5

Balance at June 30, 2015
 
$
(781.7
)
 
$
(2.3
)
 
$
(4.3
)
 
$
(510.1
)
 
$
(1,298.4
)
Six Months Ended June 30, 2014:
 
Foreign Currency Translation Adjustments
 
Cash Flow Hedges
 
Net Investment Hedges
 
Pension and Postretirement Benefits
 
Total
Balance at December 31, 2013
 
$
(429.3
)
 
$
(5.1
)
 
$
(4.3
)
 
$
(431.7
)
 
$
(870.4
)
Other comprehensive loss other than reclassifications
 
23.3

 

 

 
(32.7
)
 
(9.4
)
Reclassifications into earnings:
 
 
 
 
 
 
 
 
 
 
Derivative losses on cash flow hedges, net of tax of $.4(1)
 

 
.6

 

 

 
.6

Amortization of net actuarial loss and prior service cost, net of tax of $18.0(2)
 

 

 

 
32.9

 
32.9

Total reclassifications into earnings
 

 
.6

 

 
32.9

 
33.5

Balance at June 30, 2014
 
$
(406.0
)
 
$
(4.5
)
 
$
(4.3
)
 
$
(431.5
)
 
$
(846.3
)
(1) Gross amount reclassified to interest expense, and related taxes reclassified to income taxes.
(2) Gross amount reclassified to pension and postretirement expense, within selling, general & administrative expenses, and related taxes reclassified to income taxes.
Foreign exchange net gains of $10.4 and $5.4 for the three months ended June 30, 2015 and 2014, respectively, and a foreign exchange net loss of $8.3 and net gain of $.1 for the six months ended June 30, 2015 and 2014, respectively, resulting from the translation of actuarial losses and prior service cost recorded in AOCI are included in changes in foreign currency translation adjustments in the Consolidated Statements of Comprehensive Income.