Annual report pursuant to Section 13 and 15(d)

Comprehensive Income (Notes)

v2.4.0.8
Comprehensive Income (Notes)
 12 Months Ended
Dec. 31, 2013
Comprehensive Income [Abstract]  
Comprehensive Income
Note 18 – Comprehensive Income

The following table presents reclassification adjustments out of Accumulated other comprehensive loss during the year ended December 31, 2013:
(in millions)
 
 
 
 
Details about Accumulated other comprehensive income (loss) components
 
Amount reclassified from Accumulated other comprehensive income (loss)
 
Affected line item in the statement where net income is presented
Amount of gain reclassified into earnings on foreign currency:
 
 
 
 
Foreign currency cumulative translation adjustment
 
$
0.7

 
Selling, general and administrative expense
 
 
0.7

 
Total before tax
 
 
—

 
Tax benefit (A)
 
 
$
0.7

 
Net of tax
 
 
 
 
 
Amortization of defined benefit items:
 
 
 
 
Prior service credits
 
$
7.0

 
(B) 
Net actuarial losses
 
(23.4
)
 
(B) 
 
 
(16.4
)
 
Total before tax
 
 
0.2

 
Tax benefit (A)
 
 
$
(16.2
)
 
Net of tax
 
 
 
 
 
 
 
 
 
 
Amount of loss reclassified into earnings on derivative contracts:
 
 
 
 
Interest rate contracts
 
$
1.4

 
Interest expense
Foreign exchange contracts
 
(3.0
)
 
Cost of sales
Commodity contracts
 
(2.7
)
 
Cost of sales
 
 
(4.3
)
 
Total before tax
 
 
(0.4
)
 
Tax expense (A)
 
 
$
(4.7
)
 
Net of tax


(A) Pre-tax and after-tax amounts are substantially the same as the Company maintained a tax valuation allowance for these items until December 31, 2013. See Note 11 – Income Taxes for additional details.

(B) These Accumulated other comprehensive income (loss) components are included in the computation of net pension and other benefit costs. See Note 16 – Postretirement Benefits for additional details.