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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss)

15. Accumulated Other Comprehensive Income (Loss)

AOCI activity for the six months ended June 30, 2013 is as follows:

 

(in millions)

   Cumulative
Translation
Adjustment
    Derivative
Financial
Instruments
    Accrued
Benefit
Cost
    Unrealized
Gain On
Investment
     AOCI  

AOCI at December 31, 2012

   $ 17.7      $ (1.3 )   $ (70.1   $ 0.3       $ (53.4

AOCI activity, net of tax:

           

OCI excluding reclassifications

     (49.2     19.1        —         0.1         (30.0

Reclassifications to earnings

     —         (8.2     2.3        —          (5.9
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

OCI, net of tax

     (49.2     10.9        2.3        0.1         (35.9
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

AOCI at June 30, 2013

   $ (31.5   $ 9.6      $ (67.8   $ 0.4       $ (89.3
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

For the three and six months ended June 30, 2013 and 2012, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.8 and $1.6, respectively, and $3.7 and $3.3, respectively, and primarily represent the amortization of net actuarial losses (see Note 12). For the three and six months ended June 30, 2013 and 2012, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were income of $6.2 and $2.3, respectively, and $12.3 and $2.5, respectively (see Note 7).

The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2013 and 2012 is as follows:

 

     Three months ended
June  30,
    Six months ended
June  30,
 

(in millions)

   2013     2012     2013     2012  

Cumulative translation adjustment

   $ —       $ —       $ —       $ —    

Derivative financial instruments

     (2.6     1.5        (5.4     0.8   

Accrued benefit cost

     (0.8     (0.6     (1.4     (1.2

Unrealized gain on investment

     —         0.5        (0.1     —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Income tax (provision) benefit related to OCI

   $ (3.4   $ 1.4      $ (6.9   $ (0.4