The following table presents reclassification adjustments out of Accumulated other comprehensive loss during the year ended December 31, 2014:
|
|
|
|
|
|
|
|
(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 loss reclassified into earnings on foreign currency: |
|
|
|
|
Foreign currency cumulative translation adjustment |
|
$ |
(1.2 |
) |
|
Gain on disposal of discontinued operations, net of tax |
|
|
(1.2 |
) |
|
Total before tax |
|
|
0.5 |
|
|
Tax benefit |
|
|
$ |
(0.7 |
) |
|
Net of tax |
|
|
|
|
|
Amortization of defined benefit items: |
|
|
|
|
Prior service credits |
|
$ |
2.2 |
|
|
(A) |
Net actuarial losses |
|
(43.3 |
) |
|
(A) |
|
|
(41.1 |
) |
|
Total before tax |
|
|
16.7 |
|
|
Tax benefit |
|
|
$ |
(24.4 |
) |
|
Net of tax |
|
|
|
|
|
Amount of loss reclassified into earnings on derivative contracts: |
|
|
|
|
Interest rate contracts |
|
$ |
(0.1 |
) |
|
Interest expense |
Foreign exchange contracts |
|
(0.2 |
) |
|
Cost of sales |
Commodity contracts |
|
(1.9 |
) |
|
Cost of sales |
|
|
(2.2 |
) |
|
Total before tax |
|
|
0.8 |
|
|
Tax benefit |
|
|
$ |
(1.4 |
) |
|
Net of tax |
(A) These Accumulated other comprehensive income (loss) components are included in the computation of net pension and other benefit costs. See Note 17 – Postretirement Benefits for additional details.
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 gain (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 its reversal at December 31, 2013. See Note 12 – 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 17 – Postretirement Benefits for additional details.
|