ACCUMULATED OTHER COMPREHENSIVE INCOME
Changes in accumulated other comprehensive income by component, after tax, for the twelve months ended December 31, 2016, are as follows:
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Foreign
currency
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Pension and other postretirement benefit plans |
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Cash flow hedging transactions |
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Total |
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(In millions) |
Balance, December 31, 2015 |
$ |
(237.4 |
) |
|
$ |
(245.8 |
) |
|
$ |
(1.6 |
) |
|
$ |
(484.8 |
) |
Other comprehensive income before reclassifications |
(24.6 |
) |
|
(28.9 |
) |
|
0.6 |
|
|
(52.9 |
) |
Amounts reclassified from accumulated other comprehensive income |
— |
|
|
8.8 |
|
|
— |
|
|
8.8 |
|
Net current-period other comprehensive income |
(24.6 |
) |
|
(20.1 |
) |
|
0.6 |
|
|
(44.1 |
) |
Balance, December 31, 2016 |
$ |
(262.0 |
) |
|
$ |
(265.9 |
) |
|
$ |
(1.0 |
) |
|
$ |
(528.9 |
) |
Reclassifications out of accumulated other comprehensive income for the twelve months ended December 31, 2016, are as follows:
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Details about accumulated other comprehensive income components |
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Amount reclassified from accumulated other comprehensive income |
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Affected line item in the statement where net income is presented |
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(In millions) |
Amortization of pension and other postretirement plan items: |
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Prior service cost |
|
$ |
0.3 |
|
|
(1) |
Recognized actuarial loss |
|
(14.4 |
) |
|
(1) |
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|
(14.1 |
) |
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Total before tax |
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|
5.3 |
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Tax benefit |
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|
$ |
(8.8 |
) |
|
Net of tax |
|
|
(1) |
These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 10 Benefit Plans for additional details). |
Changes in accumulated other comprehensive income related to noncontrolling interests were not material as of December 31, 2016.
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