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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss)

18. Accumulated Other Comprehensive Income (Loss)

AOCI activity for 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

     (31.3     11.4        19.2        —           (0.7

Reclassifications to earnings

     —          (9.1     4.6        —           (4.5
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

OCI, net of tax

     (31.3     2.3        23.8        —           (5.2
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

AOCI at December 31, 2013

   $ (13.6   $ 1.0      $ (46.3 )   $ 0.3       $ (58.6
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

For 2013, 2012 and 2011 reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $7.4, $6.8 and $2.3, respectively, and primarily represent the amortization of net actuarial losses (see Note 15). For 2013, 2012 and 2011, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were an (expense)/income of $18.2, $5.9 and ($19.6), respectively (see Note 10).

The income tax (provision) benefit allocated to the components of OCI for 2013, 2012 and 2011 is as follows:

 

(in millions)

   2013     2012     2011  

Cumulative translation adjustment

   $  —        $  —        $  —     

Derivative financial instruments

     (2.3     0.7        (5.8

Accrued benefit cost

     (14.5     3.3        12.1   

Unrealized gain on investment

     —          (0.2     (0.1
  

 

 

   

 

 

   

 

 

 

Income tax (provision) benefit related to OCI

   $ (16.8   $ 3.8      $ 6.2