ACCUMULATED OTHER COMPREHENSIVE INCOME
Changes in accumulated other comprehensive income by component, after tax, for the twelve months ended December 31, 2017, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign
currency
|
|
Pension and other postretirement benefit plans |
|
Cash flow hedging transactions |
|
|
Total |
|
(In millions) |
Balance, December 31, 2016 |
$ |
(262.0 |
) |
|
$ |
(265.9 |
) |
|
$ |
(1.0 |
) |
|
|
$ |
(528.9 |
) |
Other comprehensive income before reclassifications |
158.7 |
|
|
(4.0 |
) |
|
(0.2 |
) |
|
|
154.5 |
|
Amounts reclassified from accumulated other comprehensive income |
— |
|
|
12.4 |
|
|
— |
|
|
|
12.4 |
|
Net current-period other comprehensive income |
158.7 |
|
|
8.4 |
|
|
(0.2 |
) |
|
|
166.9 |
|
Amounts reclassified to retained earnings |
— |
|
|
(50.0 |
) |
|
$ |
— |
|
|
|
(50.0 |
) |
Balance, December 31, 2017 |
$ |
(103.3 |
) |
|
$ |
(307.5 |
) |
|
$ |
(1.2 |
) |
|
|
$ |
(412.0 |
) |
Reclassifications out of accumulated other comprehensive income for the twelve months ended December 31, 2017, are as follows:
|
|
|
|
|
|
|
|
Details about accumulated other comprehensive income components |
|
Amount reclassified from accumulated other comprehensive income |
|
Affected line item in the statement where net income is presented |
|
|
(In millions) |
Amortization of pension and other postretirement plan items: |
|
|
|
|
|
Prior service cost |
|
$ |
0.4 |
|
|
(1) |
Recognized actuarial loss |
|
(16.8 |
) |
|
(1) |
|
|
(16.4 |
) |
|
Total before tax |
|
|
4.0 |
|
|
Tax benefit |
|
|
$ |
(12.4 |
) |
|
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, 2017.
|