Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income (Loss)

15. Accumulated Other Comprehensive Income (Loss)

AOCI activity for the three months ended March 31, 2015 is as follows:

(in millions)	Cumulative Translation Adjustment			Derivative Financial Instruments			Accrued Benefit Cost			AOCI
AOCI at December 31, 2014	$	(139.5	)	$	13.4		$	(54.6	)	$	(180.7	)
AOCI activity, net of tax:
OCI excluding reclassifications		(95.6	)		7.1			1.0			(87.5	)
Reclassifications to earnings		—			(5.2	)		1.1			(4.1	)
OCI, net of tax		(95.6	)		1.9			2.1			(91.6	)
AOCI at March 31, 2015	$	(235.1	)	$	15.3		$	(52.5	)	$	(272.3	)

For the three months ended March 31, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.6 and $1.2, respectively (see Note 12). For the three months ended March 31, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were income of $7.4 and $2.0, respectively (see Note 8).

The income tax (provision) benefit allocated to the components of other comprehensive income (“OCI”) for the three months ended March 31, 2015 and 2014 is as follows:

	Three months ended March 31,
(in millions)	2015			2014
Cumulative translation adjustment	$	(12.0	)	$	—
Derivative financial instruments		(0.8	)		0.8
Accrued benefit cost		(1.1	)		(0.4	)
Income tax (provision) benefit related to OCI	$	(13.9	)	$	0.4