8. ACCUMULATED OTHER COMPREHENSIVE INCOME

 

Changes in accumulated other comprehensive income by component, after tax, for the three months ended March 31, 2014, are as follows:

 

					Pension and other			Cash flow
		Foreign			postretirement			hedging
		currency			benefit plans			transactions			Total
		(In millions)
Balance, December 31, 2013		$	(108.5)		$	(202.2)		$	(1.9)		$	(312.6)
Other comprehensive income before reclassifications			(6.1)			0.1			-			(6.0)
Amounts reclassified from accumulated other comprehensive income			-			2.0			-			2.0
Net current-period other comprehensive income			(6.1)			2.1			-			(4.0)
Balance, March 31, 2014		$	(114.6)		$	(200.1)		$	(1.9)		$	(316.6)

 

Reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2014, are as follows:

 

		Amount reclassified			Affected line item in
Details about accumulated other		from accumulated other			the statement where
comprehensive income components		comprehensive income  (1)			net income is presented
		(in millions)
Amortization of pension and other postretirement plan items:
Prior service cost		$	0.1		(2)
Recognized actuarial loss			(3.3)		(2)
			(3.2)		Total before tax
			1.2		Tax benefit
		$	(2.0)		Net of tax

 

(1)        Amounts in parentheses indicate expense recognized in the Consolidated Statements of Income.

 

(2)        These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 8 Benefit Plans for additional details).

 

Changes in accumulated other comprehensive income related to noncontrolling interests were not material as of March 31, 2014.