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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss)

18. Accumulated Other Comprehensive Income (Loss)

AOCI activity for 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

     (125.9     16.6        (10.8     (0.3     (120.4

Reclassifications to earnings

     —         (4.2     2.5        —         (1.7
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

OCI, net of tax

  (125.9   12.4      (8.3   (0.3   (122.1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

AOCI at December 31, 2014

$ (139.5 $ 13.4    $ (54.6 ) $ —     $ (180.7
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For 2014, 2013 and 2012 reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $3.8, $7.4 and $6.8, respectively, and primarily represent the amortization of net actuarial losses (see Note 15). For 2014, 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 $6.3, $18.2 and $5.9, respectively (see Note 10).

The income tax (provision) benefit allocated to the components of OCI for 2014, 2013 and 2012 is as follows:

 

(in millions)

   2014      2013      2012  

Cumulative translation adjustment

   $ (12.5 )    $ —        $ —    

Derivative financial instruments

     (6.0      (2.3      0.7   

Accrued benefit cost

     4.2         (14.5      3.3   

Unrealized gain on investment

     0.1                (0.2
  

 

 

    

 

 

    

 

 

 

Income tax (provision) benefit related to OCI

$ (14.2 $ (16.8 $ 3.8