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Shareholders' Investment (Tables)
3 Months Ended
Mar. 31, 2016
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, 2014

   $ 0.9      $ (3.1   $ (86.6   $ (88.8

Other comprehensive income (loss) before reclassifications

     0.2        (53.7     —          (53.5

Tax (provision) benefit (a)

     1.3        —          —          1.3   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     1.5        (53.7     —          (52.2
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications

     (1.9 )(b)      —          2.9 (c)      1.0   

Tax provision (benefit)

     0.5        —          (1.0     (0.5
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

     (1.4     —          1.9        0.5   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

     0.1        (53.7     1.9        (51.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 31, 2015

   $ 1.0      $ (56.8   $ (84.7   $ (140.5
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2015

   $ (8.7   $ (94.2   $ (105.1   $ (208.0

Other comprehensive income (loss) before reclassifications

     (15.9     1.6        —          (14.3

Tax (provision) benefit (a)

     5.5        —          —          5.5   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     (10.4     1.6        —          (8.8
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications

     0.6 (b)      —          2.6 (c)      3.2   

Tax provision (benefit)

     0.6        —          (0.9     (0.3
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

     1.2        —          1.7        2.9   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

     (9.2     1.6        1.7        (5.9
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 31, 2016

   $ (17.9   $ (92.6   $ (103.4   $ (213.9
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(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.