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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
 
The changes in Accumulated other comprehensive loss ("AOCL"), net of their related tax effects, in the years ended December 31, 2016 are shown below:
(In millions)
Foreign currency translation adjustment
 
Pension and other employee benefits
 
Unrealized holding gain/(loss) on available-for-sale securities
 
Hedging activities
 
Accumulated other comprehensive loss
As of January 1, 2016
$
(182.1
)
 
$
—

 
$
(1.7
)
 
$
—

 
$
(183.8
)
Current period change:
 

 
 
 
 

 
 
 
 

Other comprehensive (loss)/income before reclassification
(1,323.3
)
 
38.3

 
8.3

 
9.9

 
(1,266.8
)
Amounts reclassified from AOCL
—

 
(43.5
)
 
—

 
(3.5
)
 
(47.0
)
Net current period other comprehensive (loss)/income
(1,323.3
)
 
(5.2
)
 
8.3

 
6.4

 
(1,313.8
)
As of December 31, 2016
$
(1,505.4
)
 
$
(5.2
)
 
$
6.6

 
$
6.4

 
$
(1,497.6
)

The following is a summary of the amounts reclassified from AOCL to net income during the fiscal year ended December 31, 2016:

 
Amounts reclassified from AOCL
(In millions)
2016
Location of impact in Statements of Operations
Pension and employee benefits
 
 
Curtailment gain
$
69.4

Integration and acquisition costs 
 
69.4

Total before tax
 
(25.9
)
Tax expense
 
43.5

Net of tax
Losses on hedging activities
 
 
Foreign exchange contracts
4.9

Cost of sales
 
4.9

Total before tax
 
(1.4
)
Tax expense
 
3.5

Net of tax
 
 
 
Total reclassifications for the period
$
47.0

Total net of tax


The changes in Accumulated other comprehensive loss, net of their related tax effects, in the year ended December 31, 2015 are shown below:

(In millions)
Foreign currency translation adjustment
 
Unrealized holding gain/(loss) on available-for-sale securities
 
Accumulated other comprehensive loss
As of January 1, 2015
$
(25.7
)
 
$
(5.8
)
 
$
(31.5
)
Current period change:
 

 
 

 
 

Net current period other comprehensive (loss)/income
(156.4
)
 
4.1

 
(152.3
)
As of December 31, 2015
$
(182.1
)
 
$
(1.7
)
 
$
(183.8
)

The amounts reclassified out of Accumulated other comprehensive loss and into the Statements of Operations for the fiscal year ended December 31, 2015 were immaterial.