14. ACCUMULATED OTHER COMPREHENSIVE LOSS | The table below summarizes changes in accumulated other comprehensive loss (AOCL), net of tax, attributable to Air Products for the three and six months ended 31 March 2015: | | | | | Net loss on derivatives qualifying as hedges | Foreign currency translation adjustments | Pension and postretirement benefits | Total | | | | | | Balance at 31 December 2014 | $ | (38.9) | | $ | (507.9) | | $ | (923.8) | | $ | (1,470.6) | | | | Other comprehensive loss before reclassifications | | (.4) | | | (232.1) | | | (4.6) | | | (237.1) | | | | Amounts reclassified from AOCL | | 17.6 | | | - | | | 28.6 | | | 46.2 | | | | Net current period other comprehensive income (loss) | $ | 17.2 | | $ | (232.1) | | $ | 24.0 | | $ | (190.9) | | | | Amount attributable to noncontrolling interest | | - | | | .6 | | | - | | | .6 | | | | Balance at 31 March 2015 | $ | (21.7) | | $ | (740.6) | | $ | (899.8) | | $ | (1,662.1) | | | | | | | | | | | | | | | | | | | | Net loss on derivatives qualifying as hedges | Foreign currency translation adjustments | Pension and postretirement benefits | Total | | | | | | Balance at 30 September 2014 | $ | (28.5) | | $ | (268.7) | | $ | (944.7) | | $ | (1,241.9) | | | | Other comprehensive loss before reclassifications | | (24.2) | | | (476.5) | | | (4.6) | | | (505.3) | | | | Amounts reclassified from AOCL | | 31.1 | | | - | | | 49.5 | | | 80.6 | | | | Net current period other comprehensive income (loss) | $ | 6.9 | | $ | (476.5) | | $ | 44.9 | | $ | (424.7) | | | | Amount attributable to noncontrolling interest | | .1 | | | (4.6) | | | - | | | (4.5) | | | | Balance at 31 March 2015 | $ | (21.7) | | $ | (740.6) | | $ | (899.8) | | $ | (1,662.1) | | |
| The table below summarizes the reclassifications out of accumulated other comprehensive loss and the affected line item on the consolidated income statements: | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | | | | 31 March | | 31 March | | | | 2015 | | | 2014 | | 2015 | | | 2014 | | | (Gain) Loss on Cash Flow Hedges, net of tax | | | | | | | | | | | | | Sales/Cost of sales | $ | .9 | | $ | .8 | $ | .3 | | $ | 1.0 | | | Other income (expense), net | | 16.0 | | | (11.1) | | 30.1 | | | (23.0) | | | Interest expense | | .7 | | | (.5) | | .7 | | | (.7) | | | Total (Gain) Loss on Cash Flow Hedges, net of tax | $ | 17.6 | | $ | (10.8) | $ | 31.1 | | $ | (22.7) | | | | | | | | | | | | | | | | | Pension and Postretirement Benefits, net of tax(A) | $ | 28.6 | | $ | 20.6 | $ | 49.5 | | $ | 40.6 | | | | | | | | | | | | | | | | | (A)The components include items such as prior service cost amortization, actuarial loss amortization, and settlements and are reflected | | in net periodic benefit cost. Refer to Note 10, Retirement Benefits. |
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