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Accumulated Other Comprehensive Income/(Loss) (Tables)
 6 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income, Net of Tax
(In millions)
Foreign currency translation adjustment
 
Pension and other employee benefits
 
Unrealized holding loss on available-for-sale securities
 
Hedging activities
 
Accumulated other comprehensive (loss)/income
As of January 1, 2017
$
(1,505.4
)
 
$
(5.2
)
 
$
6.6

 
$
6.4

 
$
(1,497.6
)
Current period change:
 
 
 
 
 
 
 
 
 
Other comprehensive income/(loss) before reclassifications
1,696.5

 
9.7

 
(2.3
)
 
(0.5
)
 
1,703.4

Amounts reclassified from AOCI
—

 
0.9

 
(1.2
)
 
(5.4
)
 
(5.7
)
Net current period other comprehensive income/(loss)
1,696.5

 
10.6

 
(3.5
)
 
(5.9
)
 
1,697.7

As of June 30, 2017
$
191.1

 
$
5.4

 
$
3.1

 
$
0.5

 
$
200.1


The following is a summary of the amounts reclassified from AOCI to the Unaudited Consolidated Statements of Operations during the six months ended June 30, 2018 and 2017.
 
Six months ended June 30,
 
(In millions)
2018
 
2017
Location of impact in the Unaudited Consolidated Statements of Operations
Pension and employee benefits
 
 
 
 
Amortization of net prior service credit
$
(0.4
)
 
$
—

Other income, net
Amortization of actuarial (gain)/loss
(0.6
)
 
0.9

Other income, net
 
(1.0
)
 
0.9

Total before tax
 
—

 
—

Tax expense
 
(1.0
)
 
0.9

Net of tax
Hedging activities
 
 
 
 
Gain on foreign exchange contracts
—

 
(8.3
)
Cost of sales
 
—

 
(8.3
)
Total before tax
 
—

 
2.9

Tax expense
 
—

 
(5.4
)
Net of tax
 
 
 
 
 
Available for sale securities
 
 
 
 
Available for sale securities gain
—

 
(1.2
)
Other income, net
 
—

 
(1.2
)
Total before tax
 
—

 
—

Tax expense
 
—

 
(1.2
)
Net of tax
 


 
 
 
Total reclassifications for the period
$
(1.0
)
 
$
(5.7
)
Total net of tax
The changes in Accumulated other comprehensive income/(loss) (AOCI), net of their related tax effects, for the six months ended June 30, 2018 and 2017 are as follows:
(In millions)
Foreign currency translation adjustment
 
Pension and other employee benefits
 
Unrealized
holding gain/(loss) on available-for-sale debt securities
 
Accumulated other comprehensive income/(loss)
As of January 1, 2018
$
1,279.6

 
$
27.5

 
$
67.9

 
$
1,375.0

Current period change:
 
 
 
 
 
 
 
Other comprehensive loss before reclassifications
(578.5
)
 
—

 
—

 
(578.5
)
Amounts reclassified from AOCI
—

 
(1.0
)
 
(67.9
)
 
(68.9
)
Net current period other comprehensive loss
(578.5
)
 
(1.0
)
 
(67.9
)
 
(647.4
)
As of June 30, 2018
$
701.1

 
$
26.5

 
$
—

 
$
727.6