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Shareholders' Investment (Tables)
6 Months Ended
Jun. 30, 2015
Changes in Accumulated Other Comprehensive Income (Loss) by Component

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
    Total  
(dollars in millions)                        

Balance at December 31, 2013

  $ —        $ 47.3      $ (68.2   $ (20.9

Other comprehensive income (loss) before reclassifications

    1.6        3.4        —          5.0   

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

    0.4        —          —          0.4   
 

 

 

   

 

 

   

 

 

   

 

 

 

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

    2.0        3.4        —          5.4   
 

 

 

   

 

 

   

 

 

   

 

 

 

Amounts reclassified from accumulated other comprehensive income (loss)

  0.2 (b)    —        4.9 (c)    5.1   

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

  (0.5   —        (1.7   (2.2
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

  (0.3   —        3.2      2.9   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

  1.7      3.4      3.2      8.3   
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 30, 2014

$ 1.7    $ 50.7    $ (65.0 $ (12.6
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2014

$ 0.9    $ (3.1 $ (86.6 $ (88.8

Other comprehensive income (loss) before reclassifications

  10.0      (64.6   —        (54.6

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

  (2.4   —        —        (2.4
 

 

 

   

 

 

   

 

 

   

 

 

 

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

  7.6      (64.6   —        (57.0
 

 

 

   

 

 

   

 

 

   

 

 

 

Amounts reclassified from accumulated other comprehensive income (loss)

  (5.1 )(b)    —        5.8 (c)    0.7   

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

  1.4      —        (2.0   (0.6
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

  (3.7   —        3.8      0.1   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

  3.9      (64.6   3.8      (56.9
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 30, 2015

$ 4.8    $ (67.7 $ (82.8 $ (145.7
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Income taxes are not provided for foreign currency translation adjustment.
(b) See Note 5 of the notes to condensed consolidated financial statements.
(c) These components are included in the computation of net periodic pension cost. See Note 9 of the notes to condensed consolidated financial statements.