Accumulated Other Comprehensive Income (Loss) The components of other comprehensive income (loss) consist of changes in pension liability, changes in net unrealized gains (losses) on marketable securities classified as available-for-sale, net unrealized gains (losses) related to cash flow hedges and changes in foreign currency translation adjustments.
The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | Pension Liability | | Net Unrealized Gains (Losses) From Marketable Securities | | Net Unrealized Gains (Losses) From Hedges | | Foreign Currency Translation Adjustment | | Total Accumulated Other Comprehensive Income (Loss) | Balance December 31, 2014 | $ | (15.5 | ) | | $ | 460.9 |
| | $ | 519.6 |
| | $ | (50.2 | ) | | $ | 914.8 |
| Other comprehensive income (loss) before reclassifications | (5.9 | ) | | (50.6 | ) | | 416.8 |
| | (23.2 | ) | | 337.1 |
| Amounts reclassified from accumulated other comprehensive income | — |
| | (0.4 | ) | | (69.7 | ) | | — |
| | (70.1 | ) | Net current-period other comprehensive income (loss) | (5.9 | ) | | (51.0 | ) |
| 347.1 |
|
| (23.2 | ) |
| 267.0 |
| Balance March 31, 2015 | $ | (21.4 | ) | | $ | 409.9 |
|
| $ | 866.7 |
|
| $ | (73.4 | ) |
| $ | 1,181.8 |
| | | | | | | | | |
|
| Balance December 31, 2013 | $ | (6.9 | ) | | $ | 137.3 |
| | $ | (36.0 | ) | | $ | (0.4 | ) | | $ | 94.0 |
| Other comprehensive income (loss) before reclassifications | — |
| | 55.3 |
| | (14.9 | ) | | 3.0 |
| | 43.4 |
| Amounts reclassified from accumulated other comprehensive income | — |
| | 0.9 |
| | 1.6 |
| | — |
| | 2.5 |
| Net current-period other comprehensive income (loss) | — |
| | 56.2 |
|
| (13.3 | ) |
| 3.0 |
| | 45.9 |
| Balance March 31, 2014 | $ | (6.9 | ) | | $ | 193.5 |
|
| $ | (49.3 | ) |
| $ | 2.6 |
| | $ | 139.9 |
|
| | | | | | | | | | | | | | | | Gains (Losses) Reclassified Out of Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income Components | | Affected Line Item in the Consolidated Statements of Income | | Three-Month Periods Ended March 31, | | | 2015 | | 2014 | Gains (losses) from cash-flow hedges: | | | | | | | Foreign exchange contracts | | Net product sales | | $ | 70.5 |
| | $ | (1.0 | ) | Treasury rate lock agreements | | Interest (expense) | | (0.9 | ) | | (0.9 | ) | Interest rate swap agreements | | Interest (expense) | | (0.4 | ) | | — |
| | | Income tax benefit | | 0.5 |
| | 0.3 |
| | | | | | | | Gains (losses) from available-for-sale marketable securities: | | | | | Realized income (loss) on sales of marketable securities | | Interest and investment income, net | | 0.6 |
| | (1.4 | ) | | | Income tax benefit (expense) | | (0.2 | ) | | 0.5 |
| Total reclassification, net of tax | | | | $ | 70.1 |
| | $ | (2.5 | ) |
|