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Shareholders' Investment (Tables)
9 Months Ended
Sep. 30, 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

     (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
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2015

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

Other comprehensive income (loss) before reclassifications

     (31.1     8.2        —          (22.9

Tax (provision) benefit (a)

     8.5        —          —          8.5   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     (22.6     8.2        —          (14.4
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications

     6.6 (b)      —          7.8 (c)      14.4   

Tax provision (benefit)

     0.1        —          (2.7     (2.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

     6.7        —          5.1        11.8   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

     (15.9     8.2        5.1        (2.6
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at September 30, 2016

   $ (24.6   $ (86.0   $ (100.0   $ (210.6
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(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.