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Other Comprehensive Income
12 Months Ended
Dec. 31, 2014
Other Comprehensive Income

14. Other Comprehensive Income

The changes in accumulated other comprehensive income (loss) by component are as follows:

 

    Derivative
Instruments
Designated as
Cash Flow Hedges
    Foreign Currency
Translation
Adjustments
    Benefit
Plans(C)
    Total  
(dollars in millions)                        

Balance at December 31, 2011

  $ (1.4   $ 41.1      $ (106.3   $ (66.6

Other comprehensive income (loss) before reclassifications

  $ 3.6      $ (8.5   $ (23.5   $ (28.4

Tax (provision) benefit related to other comprehensive income (loss) before reclassifications(A)

    (1.8     —          9.6        7.8   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications, net of taxes

    1.8        (8.5     (13.9     (20.6
 

 

 

   

 

 

   

 

 

   

 

 

 

Amounts reclassified from accumulated other comprehensive income (loss)

    (1.2 )(B)      —          10.8        9.6   

Tax provision (benefit) related to amounts reclassified from accumulated other comprehensive income (loss)

    0.1        —          (3.7     (3.6
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

    (1.1     —          7.1        6.0   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

    0.7        (8.5     (6.8     (14.6
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012

  $ (0.7   $ 32.6      $ (113.1   $ (81.2
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications

  $ 1.7      $ 14.7      $ 58.0      $ 74.4   

Tax (provision) benefit related to other comprehensive income (loss) before reclassifications(A)

    (0.2     —          (22.0     (22.2
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications, net of taxes

    1.5        14.7        36.0        52.2   
 

 

 

   

 

 

   

 

 

   

 

 

 

Amounts reclassified from accumulated other comprehensive income (loss)

    (1.2 )(B)      —          13.9        12.7   

Tax provision (benefit) related to amounts reclassified from accumulated other comprehensive income (loss)

    0.4        —          (5.0     (4.6
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

    (0.8     —          8.9        8.1   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

    0.7        14.7        44.9        60.3   
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013

  $ —        $ 47.3      $ (68.2   $ (20.9
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications

  $ 2.5      $ (50.4   $ (39.9   $ (87.8

Tax (provision) benefit related to other comprehensive income (loss) before reclassifications(A)

    (2.0     —          14.9        12.9   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications, net of taxes

    0.5        (50.4     (25.0     (74.9
 

 

 

   

 

 

   

 

 

   

 

 

 

Amounts reclassified from accumulated other comprehensive income (loss)

    0.6 (B)      —          10.1        10.7   

Tax provision (benefit) related to amounts reclassified from accumulated other comprehensive income (loss)

    (0.2     —          (3.5     (3.7
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

    0.4        —          6.6        7.0   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

    0.9        (50.4     (18.4     (67.9
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2014

  $ 0.9      $ (3.1   $ (86.6   $ (88.8
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(A) 

Income taxes are not provided for foreign currency translation adjustment.

(B) 

See Note 6 of the notes to consolidated financial statements.

(C) 

These components are included in the computation of net periodic pension cost. See Note 12 of the notes to consolidated financial statements.