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Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income, Net of Tax
The changes in accumulated other comprehensive loss ("AOCL"), net of their related tax effects, for the three months ended March 31, 2017 and 2016 are included below:
(In millions)
Foreign currency translation adjustment
 
Pension and other employee benefits
 
Unrealized
holding gain on available-for-sale securities
 
Hedging activities
 
Accumulated other comprehensive loss
As of January 1, 2017
$
(1,505.4
)
 
$
(5.2
)
 
$
6.6

 
$
6.4

 
$
(1,497.6
)
Other comprehensive income (loss) before reclassifications
265.5

 
7.4

 
2.1

 
(0.3
)
 
274.7

Amounts reclassified from AOCL
—

 
—

 
—

 
(4.2
)
 
(4.2
)
Net current period other comprehensive income / (loss)
265.5

 
7.4

 
2.1

 
(4.5
)
 
270.5

As of March 31, 2017
$
(1,239.9
)
 
$
2.2

 
$
8.7

 
$
1.9

 
$
(1,227.1
)
(In millions)
Foreign currency translation adjustment
 
Pension and other employee benefits
 
Unrealized holding (loss)/gain on available-for-sale securities
 
Hedging activities
 
Accumulated other comprehensive loss
As of January 1, 2016
$
(182.1
)
 
$
—

 
$
(1.7
)
 
$
—

 
$
(183.8
)
Net current period other comprehensive income (loss)
24.7

 
—

 
(0.3
)
 
—

 
24.4

As of March 31, 2016
$
(157.4
)
 
$
—

 
$
(2.0
)
 
$
—

 
$
(159.4
)
Reclassification out of Accumulated Other Comprehensive Income
The following is a summary of the amounts reclassified from AOCL to net income during the three months ended March 31, 2017 and 2016:
 
Three months ended March 31,
 
 
(In millions)
2017
 
2016
 
Location of impact in Statements of Operations
Gains (losses) on hedging activities
 
 
 
 
 
Foreign exchange contracts
$
6.6

 
—

 
Cost of sales
 
6.6

 
—

 
Total before tax
 
(2.4
)
 
—

 
Tax expense
 
$
4.2

 
—

 
Total net of tax