Changes in Accumulated Other Comprehensive Loss by Component

3 Months Ended

Mar. 31, 2018

Changes in Accumulated Other Comprehensive Loss by Component

15. 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 March 31,
	2018			2017
Cumulative foreign currency translation
Balance at beginning of period	$	(26.5	)	$	(79.2	)
Other comprehensive income before reclassifications		18.4			7.3
Balance at end of period		(8.1	)		(71.9	)
Unrealized net gain on cash flow derivatives
Balance at beginning of period		(0.9	)		0.2
Other comprehensive income before reclassifications		2.0			0.8
Realized gains on derivatives reclassified to cost of products sold (net of income tax provision of $- and $(0.2) in 2018 and 2017, respectively)		—			0.3
Balance at end of period		1.1			1.3
Pension liability
Balance at beginning of period		(272.1	)		(284.2	)
Amounts reclassified from accumulated other comprehensive loss: (1)		3.4			2.6
Balance at end of period		(268.7	)		(281.6	)
Accumulated other comprehensive loss, end of period	$	(275.7	)	$	(352.2	)

⁽¹⁾ Amortization of pension items:

Actuarial losses	$	4.7	(2)	$	4.5	(2)
Prior year service cost		(0.1	)(2)		(0.1	)(2)
		4.6			4.4
Income tax benefit		(1.2	)		(1.8	)
Reclassification net of income tax benefit	$	3.4		$	2.6

⁽²⁾  These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 10 - Pensions for additional details