The following table presents reclassification adjustments out of Accumulated other comprehensive loss during the years ended December 31, 2016, 2015 and 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
Twelve Months Ended |
|
|
Details about Accumulated other comprehensive loss components |
|
December 31, 2016 |
|
December 31, 2015 |
|
December 31, 2014 |
|
Affected line item in the statement where net income is presented |
Amount of loss reclassified into earnings on foreign currency: |
|
|
|
|
|
|
|
|
Foreign currency cumulative translation adjustment |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(1.2 |
) |
|
Loss on disposal of discontinued operations, net of tax |
|
|
— |
|
|
— |
|
|
(1.2 |
) |
|
Total before tax |
|
|
— |
|
|
— |
|
|
0.5 |
|
|
Tax benefit |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(0.7 |
) |
|
Net of tax |
|
|
|
|
|
|
|
|
|
Amortization of defined benefit items: |
|
|
|
|
|
|
|
|
Prior service credits |
|
$ |
0.7 |
|
|
$ |
1.3 |
|
|
$ |
2.2 |
|
|
(A) |
Net actuarial losses |
|
(73.1 |
) |
|
(103.8 |
) |
|
(43.3 |
) |
|
(A) |
|
|
(72.4 |
) |
|
(102.5 |
) |
|
(41.1 |
) |
|
Total before tax |
|
|
27.5 |
|
|
39.7 |
|
|
16.7 |
|
|
Tax benefit |
|
|
$ |
(44.9 |
) |
|
$ |
(62.8 |
) |
|
$ |
(24.4 |
) |
|
Net of tax |
|
|
|
|
|
|
|
|
|
Amount of gain (loss) reclassified into earnings on derivative contracts: |
|
|
|
|
|
|
|
|
Interest rate contracts |
|
$ |
(0.6 |
) |
|
$ |
(0.1 |
) |
|
$ |
(0.1 |
) |
|
Interest expense |
Foreign exchange contracts |
|
3.3 |
|
|
12.2 |
|
|
(0.2 |
) |
|
Cost of sales |
Commodity contracts |
|
(0.5 |
) |
|
0.7 |
|
|
(1.9 |
) |
|
Cost of sales |
|
|
2.2 |
|
|
12.8 |
|
|
(2.2 |
) |
|
Total before tax |
|
|
(0.4 |
) |
|
(4.0 |
) |
|
0.8 |
|
|
Tax (provision) benefit |
|
|
$ |
1.8 |
|
|
$ |
8.8 |
|
|
$ |
(1.4 |
) |
|
Net of tax |
(A) These Accumulated other comprehensive income (loss) components are included in the computation of net pension and other benefit costs. See Note 17 – Postretirement Benefits for additional details.
|