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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss as of December 31, 2014, 2013 and 2012 are as follows:
 
Foreign Currency Translation
 
Actuarial (Loss) Gain on Post-retirement Benefits
 
Prior Service Cost on Post-retirement Benefits
 
Deferred Gain (Loss) - Hedging
 
Other
 
Accumulated Other Comprehensive Loss
Balance at January 1, 2012
$
24.8

 
$
(225.6
)
 
$
(0.1
)
 
$

 
$

 
$
(200.9
)
Unrealized gains (losses), net of tax of $1.0 million
(1.5
)
 

 

 

 

 
(1.5
)
Amortization of pension related costs, net of tax of $(1.0) million(a)(b)

 
9.4

 

 

 

 
9.4

Pension re-measurement, net of tax of $7.2 million

 
(15.4
)
 

 

 

 
(15.4
)
     Pension curtailment gain(c)

 
0.1

 
0.1

 

 

 
0.2

Balance at December 31, 2012
$
23.3

 
$
(231.5
)
 
$

 
$

 
$

 
$
(208.2
)
Unrealized gains (losses), net of tax of $3.3 million
(4.1
)
 

 

 

 

 
(4.1
)
Amortization of pension related costs, net of tax of $(1.2) million(a)

 
7.7

 

 

 

 
7.7

Pension re-measurement, net of tax of $(33.5) million

 
53.3

 

 

 

 
53.3

Revaluation of derivative financial instrument, net of tax of $(1.0) million(d)

 

 

 
1.5

 

 
1.5

Balance at December 31, 2013
$
19.2

 
$
(170.5
)
 
$

 
$
1.5

 
$

 
$
(149.8
)
Currency translation adjustment, net of tax of $2.1 million
(24.6
)
 

 

 

 

 
(24.6
)
Amortization of pension related costs, net of tax of $(0.1) million(a)     

 
4.5

 

 

 

 
4.5

Pension re-measurement, net of tax of $42.0 million

 
(69.6
)
 

 

 

 
(69.6
)
Revaluation of derivative financial instrument, net of tax of $2.3 million(d)

 

 

 
(3.7
)
 

 
(3.7
)
Other

 
0.3

 

 

 
(0.3
)
 

Other comprehensive loss
(24.6
)
 
(64.8
)
 

 
(3.7
)
 
(0.3
)
 
(93.4
)
Balance at December 31, 2014
$
(5.4
)
 
$
(235.3
)
 
$

 
$
(2.2
)
 
$
(0.3
)
 
$
(243.2
)

(a) 
Amounts represent the change in Accumulated Other Comprehensive Loss as a result of the amortization of unrecognized prior service costs and actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 14, “Savings Plan, Pension and Post-retirement Benefits,” for further discussion of the Company’s pension and other post-retirement plans.
(b) 
Included in this amount is a $2.0 million reclassification adjustment recorded in the first quarter of 2012 related to deferred taxes on the amortization of actuarial losses.
(c)
As a result of the September 2012 Program, the Company recognized a curtailment gain of $1.7 million, partially offset by $0.1 million of accumulated actuarial losses and $0.1 million of prior service costs previously reported within Accumulated Other Comprehensive Loss, for a net gain of $1.5 million, which was recorded within restructuring charges for 2012. See Note 14, “Savings Plan, Pension and Post-retirement Benefits,” for further discussion of the Company’s pension and other post-retirement plans.
(d)  
For 2014 and 2013, 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 Income. See Note 13, "Financial Instruments" for further discussion of the 2013 Interest Rate Swap.