Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (Loss)

AOCI activity for the six months ended June 30, 2015 is as follows:

(in millions)	Cumulative Translation Adjustment			Derivative Financial Instruments			Accrued Benefit Cost			AOCI
AOCI balance at December 31, 2014	$	(139.5	)	$	13.4		$	(54.6	)	$	(180.7	)
AOCI activity, net of tax:
OCI excluding reclassifications		(76.1	)		5.8			0.6			(69.7	)
Reclassifications to earnings		—			(13.6	)		2.2			(11.4	)
Subtotal OCI, net of tax		(76.1	)		(7.8	)		2.8			(81.1	)
AOCI balance at June 30, 2015	$	(215.6	)	$	5.6		$	(51.8	)	$	(261.8	)

For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.7 and $1.1, respectively, and $3.4 and $2.3, respectively, and primarily represent the amortization of net actuarial losses (see Note 13). For the three and six months ended June 30, 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 $11.2 and $2.2, respectively, and $18.6 and $4.2, respectively (see Note 8).

The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015			2014
Cumulative translation adjustment	$	3.3		$	—		$	(8.7	)	$	—
Derivative financial instruments		3.7			2.3			2.9			3.1
Accrued benefit cost		(0.4	)		(0.4	)		(1.5	)		(0.8	)
Unrealized gain on investment		—			(1.5	)		—			(1.5	)
Income tax (provision) benefit related to OCI	$	6.6		$	0.4		$	(7.3	)	$	0.8