Changes in Accumulated Other Comprehensive Loss by Component

6 Months Ended

Jun. 30, 2015

Changes in Accumulated Other Comprehensive Loss by Component

12. Changes in Accumulated Other Comprehensive Loss by Component

Changes to accumulated other comprehensive loss by component are as follows:

(dollars in millions)
	Three Months Ended June 30,
	2015			2014
Cumulative foreign currency translation
Balance at beginning of period	$	(6.0	)	$	9.5
Other comprehensive (loss) gain before reclassifications		(0.9	)		2.7
Balance at end of period		(6.9	)		12.2
Unrealized net gain on cash flow derivatives
Balance at beginning of period		2.1			1.9
Other comprehensive loss before reclassifications		(0.5	)		(1.1	)
Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $0.5 and $0.3 in 2015 and 2014, respectively)		(0.7	)		(0.4	)
Balance at end of period		0.9			0.4
Pension liability
Balance at beginning of period		(273.7	)		(274.7	)
Other comprehensive loss before reclassifications		0.6			(2.1	)
Amounts reclassified from accumulated other comprehensive loss: (1)		3.1			5.3
Balance at end of period		(270.0	)		(271.5	)
Accumulated other comprehensive loss, end of period	$	(276.0	)	$	(258.9	)
(1)      Amortization of pension items:
Actuarial losses	$	5.3	(2)	$	8.7	(2)
Prior year service cost		(0.2	)(2)		(0.2	)(2)
		5.1			8.5
Tax benefit		(2.0	)		(3.2	)
Reclassification net of tax	$	3.1		$	5.3
(2)       These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 7 - Pensions for additional details

Changes to accumulated other comprehensive loss by component are as follows:

(dollars in millions)
	Six Months Ended June 30,
	2015			2014
Cumulative foreign currency translation
Balance at beginning of period	$	3.3		$	19.9
Other comprehensive loss before reclassifications		(10.2	)		(7.7	)
Balance at end of period		(6.9	)		12.2
Unrealized net gain on cash flow derivatives
Balance at beginning of period		0.9			1.0
Other comprehensive gain before reclassifications		1.6			0.5
Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $1.0 and $0.7 in 2015 and 2014, respectively)		(1.6	)		(1.1	)
Balance at end of period		0.9			0.4
Pension liability
Balance at beginning of period		(276.2	)		(280.0	)
Other comprehensive loss before reclassifications		0.7			(2.1	)
Amounts reclassified from accumulated other comprehensive loss: (1)		5.5			10.6
Balance at end of period		(270.0	)		(271.5	)
Accumulated other comprehensive loss, end of period	$	(276.0	)	$	(258.9	)
(1)      Amortization of pension items:
Actuarial losses	$	9.5	(2)	$	17.6	(2)
Prior year service cost		(0.5	)(2)		(0.5	)(2)
		9.0			17.1
Tax benefit		(3.5	)		(6.5	)
Reclassification net of tax	$	5.5		$	10.6
(2)       These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 7 - Pensions for additional details