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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (Loss)

AOCI activity for the three months ended March 31, 2014 is as follows:

 

(in millions)

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

AOCI at December 31, 2013

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

AOCI activity, net of tax:

           

OCI excluding reclassifications

     (7.8     (0.1     —         —          (7.9

Reclassifications to earnings

     —         (1.2     0.8        —          (0.4
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

OCI, net of tax

     (7.8     (1.3     0.8        —          (8.3
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

AOCI at March 31, 2014

   $ (21.4   $ (0.3   $ (45.5   $ 0.3       $ (66.9
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

For the three months ended March 31, 2014 and 2013, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.2 and $1.9, respectively (see Note 13). For the three months ended March 31, 2014 and 2013, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were income of $2.0 and $6.1, respectively (see Note 8).

 

The income tax (provision) benefit allocated to the components of OCI for the three months ended March 31, 2014 and 2013 is as follows:

 

     Three months ended
March 31,
 

(in millions)

   2014     2013  

Cumulative translation adjustment

   $  —       $  —    

Derivative financial instruments

     0.8        (2.8

Accrued benefit cost

     (0.4     (0.6

Unrealized gain on investment

     —         (0.1
  

 

 

   

 

 

 

Income tax (provision) benefit related to OCI

   $ 0.4      $ (3.5