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Shareholders' Investment (Tables)
3 Months Ended
Mar. 31, 2017
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, 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
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2016

   $ (9.9   $ (116.0   $ (109.6   $ (235.5

Other comprehensive income (loss) before reclassifications

     1.4       4.6       —         6.0  

Tax (provision) benefit (a)

     1.6       —         —         1.6  
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     3.0       4.6       —         7.6  
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications

     4.3 (b)      —         3.3 (c)      7.6  

Tax provision (benefit)

     (0.7     —         (1.1     (1.8
  

 

 

   

 

 

   

 

 

   

 

 

 

Reclassifications, net of tax

     3.6       —         2.2       5.8  
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

     6.6       4.6       2.2       13.4  
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 31, 2017

   $ (3.3   $ (111.4   $ (107.4   $ (222.1
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(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.