Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Comprehensive Income (Loss)

Comprehensive Income (Loss)

The details of other comprehensive income (loss), net of tax, are as follows:

	2014			2013
Foreign currency translation
Balance at beginning of period	$	4.7		$	3.5
Other comprehensive income (loss):
Foreign currency translation gain (loss)	(3.7		)	1.2
Balance at end of period	$	1.0		$	4.7
Cash flow hedges
Balance at beginning of period	$	18.3		$	31.7
Other comprehensive income (loss):
Gains (losses) arising in period	(51.6		)	3.5
Income tax expense	—			1.3
Gains (losses) arising in period, net of tax	(51.6		)	2.2
Reclassification of losses (gains) to net income (loss):
Hot roll carbon steel coil contracts (a)	—			(0.4		)
Other commodity contracts (b)	1.1			(24.8		)
Subtotal	1.1			(25.2		)
Income tax expense (d)	—			(9.6		)
Net amount of reclassification of losses (gains) to net income (loss)	1.1			(15.6		)
Total other comprehensive income (loss), net of tax	(50.5		)	(13.4		)
Balance at end of period	$	(32.2	)	$	18.3
Unrealized holding gains on securities
Balance at beginning of period	$	0.4		$	0.3
Other comprehensive income (loss):
Unrealized holding gains (losses) arising in period	—			0.2
Income tax expense	—			0.1
Unrealized holding gains (losses) arising in period, net of tax	—			0.1
Balance at end of period	$	0.4		$	0.4
Pension and OPEB plans
Balance at beginning of period	$	300.0		$	(34.4	)
Other comprehensive income (loss):
Prior service credit (cost) arising in period	10.9			(6.1		)
Gains (losses) arising in period	(422.5		)	422.3
Subtotal	(411.6		)	416.2
Income tax expense	—			50.3
Gains (losses) arising in period, net of tax	(411.6		)	365.9
Reclassification to net income (loss):
Prior service costs (credits) (c)	(68.9		)	(76.2		)
Actuarial (gains) losses (c)	6.9			25.3
Subtotal	(62.0		)	(50.9		)
Income tax expense (d)	—			(19.4		)
Amount of reclassification to net income (loss), net of tax	(62.0		)	(31.5		)
Total other comprehensive income (loss), net of tax	(473.6		)	334.4
Balance at end of period	$	(173.6	)	$	300.0

(a) Amounts are included in net sales on the Consolidated Statements of Operations.

(b) Amounts are included in cost of products sold on the Consolidated Statements of Operations.

(c) Amounts are included in pension and OPEB expense (income) on the Consolidated Statements of Operations.

(d) Amounts are included in income tax expense (benefit) on the Consolidated Statements of Operations.

Because of the valuation allowance recorded in 2012, no income tax was allocated to other comprehensive income (loss).