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ACCUMULATED OTHER COMPREHENSIVE LOSS
 6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of accumulated other comprehensive loss as of June 30, 2015 are as follows:
 
Foreign Currency Translation
 
Actuarial (Loss) Gain on Post-retirement Benefits
 
Deferred Gain (Loss) - Hedging
 
Other
 
Accumulated Other Comprehensive Loss
Balance at January 1, 2015
$
(5.4
)
 
$
(235.3
)
 
$
(2.2
)
 
$
(0.3
)
 
$
(243.2
)
Currency translation adjustment, net of tax benefit of $2.8 million
$
(12.6
)
 


 


 


 
(12.6
)
Amortization of pension related costs, net of tax benefit of $0.7 million(a)     


 
$
3.5

 


 


 
3.5

Revaluation of derivative financial instrument, net of tax benefit of $1.2 million(b)


 


 
$
(2.0
)
 


 
(2.0
)
Other comprehensive loss
(12.6
)
 
3.5

 
(2.0
)
 
—

 
(11.1
)
Balance at June 30, 2015
$
(18.0
)
 
$
(231.8
)
 
$
(4.2
)
 
$
(0.3
)
 
$
(254.3
)
(a) 
Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 11, “Pension and Post-retirement Benefits,” for further discussion of the Company’s pension and other post-retirement plans.
(b)  
For the six months ended June 30, 2015, the 2013 Interest Rate Swap was deemed effective and therefore, the changes in fair value related to the 2013 Interest Rate Swap are recorded in other comprehensive loss. See Note 10, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.

As shown above, comprehensive loss includes changes in the fair value of the 2013 Interest Rate Swap, which qualify for hedge accounting. A rollforward of the amounts reclassified out of accumulated other comprehensive loss into earnings as of June 30, 2015 are as follows:
 
 
2013
Interest Rate Swap
Beginning accumulated losses at March 31, 2015
 
(4.1
)
Reclassifications into earnings (net of $0.2 million tax benefit)(a)    
 
0.3

Change in fair value (net of $0.2 million tax benefit)
 
(0.4
)
Ending accumulated losses at June 30, 2015
 
$
(4.2
)
(a) 
Reclassified to interest expense.
 
 
2013
Interest Rate Swap
Beginning accumulated losses at December 31, 2014
 
(2.2
)
Reclassifications into earnings (net of $0.2 million tax benefit)(a)    
 
0.3

Change in fair value (net of $1.4 million tax benefit)
 
(2.3
)
Ending accumulated losses at June 30, 2015
 
$
(4.2
)
(a) 
Reclassified to interest expense.
There were no amounts reclassified into earnings during 2014.