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Shareholders' Investment (Tables)
9 Months Ended
Sep. 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        (14.6     —          (13.0

Tax (provision) benefit(a)

    (0.9     —          —          (0.9
 

 

 

   

 

 

   

 

 

   

 

 

 

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

    0.7        (14.6     —          (13.9
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications

    0.7 (b)      —          7.5 (c)      8.2   

Tax provision (benefit)

    (0.1     —          (2.6     (2.7
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

    0.6        —          4.9        5.5   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

    1.3        (14.6     4.9        (8.4
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at September 30, 2014

  $ 1.3      $ 32.7      $ (63.3   $ (29.3
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2014

  $ 0.9      $ (3.1   $ (86.6   $ (88.8

Other comprehensive income (loss) before reclassifications

    (8.3     (61.4     —          (69.7

Tax (provision) benefit(a)

    2.4        —          —          2.4   
 

 

 

   

 

 

   

 

 

   

 

 

 

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

    (5.9     (61.4     —          (67.3
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications

    (8.0 )(b)      —          8.9 (c)      0.9   

Tax provision (benefit)

    2.4        —          (3.1     (0.7
 

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

    (5.6     —          5.8        0.2   
 

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

    (11.5     (61.4     5.8        (67.1
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at September 30, 2015

  $ (10.6   $ (64.5   $ (80.8   $ (155.9
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(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.