Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2016
Components of and Changes in Accumulated Other Comprehensive Loss, Net of Tax

The components of and changes in accumulated other comprehensive loss, net of tax, were as follows:

 

(In millions)    Foreign
Currency
Adjustments		      Derivative
Hedging
Gain
(Loss)		      Defined
Benefit Plan
Adjustments(a)		      Accumulated
Other
Comprehensive
Loss		  

Balance at December 31, 2014

    $ 31.0       $ (0.6 )     $ (37.1 )     $ (6.7 ) 

Amounts classified into accumulated other comprehensive loss

      (29.0 )       2.6         (3.8 )       (30.2 ) 

Amounts reclassified from accumulated other comprehensive loss

      —           (1.5 )       (0.7 )       (2.2 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive loss

      (29.0 )       1.1         (4.5 )       (32.4 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at September 30, 2015

    $ 2.0       $ 0.5       $ (41.6 )     $ (39.1 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at December 31, 2015

    $ (13.3 )     $ 2.1       $ (41.3 )     $ (52.5 ) 

Amounts classified into accumulated other comprehensive loss

      0.9         (7.3 )       9.0         2.6   

Amounts reclassified from accumulated other comprehensive loss

      —           2.8         (5.1 )       (2.3 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive loss

      0.9         (4.5 )       3.9         0.3   
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at September 30, 2016

    $ (12.4 )     $ (2.4 )     $ (37.4 )     $ (52.2 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a)  See Note 11, “Defined Benefit Plans,” for further information on the adjustments related to defined benefit plans.
Reclassifications Out of Accumulated Other Comprehensive Loss

The reclassifications out of accumulated other comprehensive loss for the nine and three months ended September 30, 2016 and 2015 were as follows:

 

(In millions)      

Details about Accumulated Other Comprehensive

Loss Components

   Amount Reclassified from
Accumulated Other Comprehensive Loss
Nine Months Ended September 30,		     Affected Line Item in
the Statement of
Comprehensive
Income		  
    2016     2015        

Cumulative translation adjustments

   $ —        $ —       

(Losses) gains on cash flow hedges

      

Foreign exchange contracts

   $ (2.5 )    $ 3.3        Cost of products sold   

Commodity contracts

     (0.1 )      (0.3 )      Cost of products sold   
 

 

 

    

 

 

    
    (2.6 )      3.0        Total before tax   
    (0.2 )      (1.5 )      Tax expense   
 

 

 

    

 

 

    
  $ (2.8 )    $ 1.5        (Loss) gain net of tax   

Defined benefit plan items

      

Recognition of prior service credits

   $ 10.0      $ 10.2        (a)   

Recognition of actuarial losses

     (1.9 )      (2.8 )      (a)   

Recognition of prior service costs in discontinued operations

     —          (0.2 )      (b)   

Recognition of actuarial losses in discontinued operations

     —          (6.1 )      (b)   
 

 

 

    

 

 

    
    8.1        1.1        Total before tax   
    (3.0 )      (0.4 )      Tax expense   
 

 

 

    

 

 

    
  $ 5.1      $ 0.7        Gains net of tax   
 

 

 

    

 

 

    

Total reclassifications for the period

   $ 2.3      $ 2.2        Gains net of tax   
(In millions)      

Details about Accumulated Other Comprehensive

Loss Components

   Amount Reclassified from
Accumulated Other Comprehensive Loss
Three Months Ended September 30,		     Affected Line Item in
the Statement of
Comprehensive
Income		  
    2016     2015        

Cumulative translation adjustments

   $ —        $ —       

Gains (losses) on cash flow hedges

      

Foreign exchange contracts

   $ (1.3 )    $ 1.2        Cost of products sold   

Commodity contracts

     0.1        (0.2 )      Cost of products sold   
 

 

 

    

 

 

    
    (1.2 )      1.0        Total before tax   
    —          (0.5 )      Tax expense   
 

 

 

    

 

 

    
  $ (1.2 )    $ 0.5        (Loss) gain net of tax   

Defined benefit plan items

      

Recognition of prior service credits

   $ 3.8      $ 3.2        (a)   

Recognition of actuarial losses

     (1.0 )      (2.8 )      (a)   

Recognition of prior service costs in discontinued operations

     —          (0.2 )      (b)   
 

 

 

      

Recognition of actuarial losses in discontinued operations

     —          (6.1 )      (b)   
 

 

 

    

 

 

    
    2.8        (5.9 )      Total before tax   
   

 

 

    
    (1.0 )      2.3        Tax expense   
   

 

 

    
  $ 1.8      $ (3.6 )      Gain (loss) net of tax   
 

 

 

    

 

 

    

Total reclassifications for the period

   $ 0.6      $ (3.1 )      Gain (loss) net of tax   

 

  (a)  These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. Refer to Note 11, “Defined Benefit Plans,” for additional information.
  (b)  These accumulated other comprehensive loss components are included in discontinued operations.