Reclassifications Out of Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Income

Reclassifications Out of Accumulated Other Comprehensive Income

The following table presents the amounts reclassified out of AOCI for the years ended December 31:

	2014			2013			2012
Pension and postretirement benefits:
Amortization of prior service credit, net of tax	$	0.2		$	7.1		$	3.9
Amortization of net actuarial gain, net of tax	11.8			30.0			6.1
Reclassification of prior service credit and net actuarial gain due to curtailment, net of tax	—			—			44.1
Total reclassification, net of tax - pension and postretirement benefits	$	12.0		$	37.1		$	54.1
Cash flow hedges:
Reclassification adjustment for gain, net of tax - commodities	$	0.1		$	0.4		$	1.9
Reclassification adjustment for (loss) gain, net of tax - currency	(0.3		)	(1.2		)	8.4
Total reclassification, net of tax - cash flow hedges	$	(0.2	)	$	(0.8	)	$	10.3
Total reclassification, net of tax	$	11.8		$	36.3		$	64.4

Gains and losses on our currency derivatives that are reclassified out of AOCI are recognized as part of "Cost of sales" on our Consolidated Statements of Operations in their entirety.

Gains and losses on our commodity derivatives that are reclassified out of AOCI are partially recognized as part of "Cost of sales" on our Consolidated Statement of Operations and partially capitalized as part of "Inventories" on our Consolidated Balance Sheets. (See Note 14, "Derivative Instruments and Hedging Activities" for additional information.)

Gains and losses on amortization of prior service credit and net actuarial gain that are reclassified out of AOCI are recognized partially as a part of "Cost of sales" and "Other income" on our Consolidated Statements of Operations and partially capitalized as part of "Inventories" on our Consolidated Balance Sheets. (See Note 5, "Pension and Other Postretirement Benefit Plans" for additional information.)