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ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Mar. 31, 2016
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 March 31, 2016 are as follows:
 
Foreign Currency Translation
 
Actuarial (Loss) Gain on Post-retirement Benefits
 
Deferred Gain (Loss) - Hedging
 
Other
 
Accumulated Other Comprehensive Loss
Balance at December 31, 2015
$
(23.5
)
 
$
(217.7
)
 
$
(3.8
)
 
$
(0.3
)
 
$
(245.3
)
Currency translation adjustment, net of tax of $0.1 million
$
2.7

 


 


 


 
2.7

Amortization of pension related costs, net of tax of $0.3 million(a)     


 
$
1.8

 


 


 
1.8

Revaluation of derivative financial instrument, net of amounts reclassified into earnings and tax benefit of $0.5 million(b)


 


 
$
(0.9
)
 


 
(0.9
)
Other comprehensive loss
2.7

 
1.8

 
(0.9
)
 
—

 
3.6

Balance at March 31, 2016
$
(20.8
)
 
$
(215.9
)
 
$
(4.7
)
 
$
(0.3
)
 
$
(241.7
)
(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 three months ended March 31, 2016, the Company's 2013 Interest Rate Swap was deemed effective and therefore, the changes in fair value related to the 2013 Interest Rate Swap were recorded in other comprehensive income (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 qualifies for hedge accounting. A rollforward of the amounts reclassified out of accumulated other comprehensive loss into earnings as of March 31, 2016 are as follows:
 
 
2013
Interest Rate Swap
Beginning accumulated losses at December 31, 2015
 
(3.8
)
Reclassifications into earnings (net of $0.4 million tax expense)(a)    
 
0.7

Change in fair value (net of $0.9 million tax benefit)
 
(1.6
)
Ending accumulated losses at March 31, 2016
 
$
(4.7
)
(a) 
Reclassified to interest expense.
There were no amounts reclassified into earnings in the three months ended March 31, 2015.