Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v3.3.1.900
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Comprehensive income (loss) [Abstract]      
Net earnings $ 241.4 $ 245.7 $ 769.2
Foreign currency translation [Abstract]      
Foreign currency translation adjustments arising during period [1],[2] (41.9) (26.2) (6.7)
Less: reclassification of foreign currency translation included in Net earnings [1],[3] 0.0 0.7 (0.7)
Net foreign currency translation (41.9) (25.5) (7.4)
Defined benefit plans [Abstract]      
Net actuarial gains (losses) arising during period [1],[2] (14.1) (83.7) 145.4
Less: amortization of prior service credits included in Net earnings [1],[3] (0.8) (1.3) (7.0)
Less: amortization of net actuarial losses included in Net earnings [1],[3] 63.6 25.7 23.2
Net defined benefit plans 48.7 (59.3) 161.6
Derivatives [Abstract]      
Gains (losses) on derivatives arising during the period [1],[2] 8.4 4.4 (5.3)
Less: reclassification adjustment included in Net earnings [1],[3] (8.8) 1.4 4.7
Net unrealized gains (losses) on derivatives (0.4) 5.8 (0.6)
Other comprehensive income (loss) 6.4 (79.0) 153.6
Comprehensive income 247.8 166.7 922.8
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]      
Foreign currency translation adjustments arising during period, tax effect [2] (10.6) 8.9 0.0
Net actuarial gains (losses) arising during period, tax effect [2] 10.4 53.2 0.4
Gains (losses) on derivatives arising during period, tax effect [2] $ (3.6) $ (2.1) $ (0.8)
[1] Pre-tax and after-tax amounts for the year ended December 31, 2013 are substantially the same as the Company maintained a tax valuation allowance for these items until its reversal at December 31, 2013. See Note 12 – Income Taxes and Note 19 – Comprehensive Income for additional details.
[2] The tax effects for the year ended December 31, 2015 were $(10.6) million for foreign currency translation, $10.4 million for net actuarial gains (losses) arising during the period and $(3.6) million for derivatives. The tax effects for the year ended December 31, 2014 were $8.9 million for foreign currency translation, $53.2 million for net actuarial gains (losses) arising during the period and $(2.1) million for derivatives. The tax effects for the year ended December 31, 2013 were $0.0 million for foreign currency translation, $0.4 million for net actuarial gains (losses) arising during the period and $(0.8) million for derivatives.
[3] See Note 19 – Comprehensive Income for the tax effects for the years ended December 31, 2015, December 31, 2014 and December 31, 2013.