Post- retirement benefit plans | Currency translation adjustment | Unrealized holding gains on securities | Derivatives | Total | |||||||||||||||
Attributable to ATI: | |||||||||||||||||||
Balance, December 31, 2012 | $ | (1,030.0 | ) | $ | 3.4 | $ | (0.1 | ) | $ | (2.7 | ) | $ | (1,029.4 | ) | |||||
OCI before reclassifications | 241.1 | 10.4 | 0.1 | (15.5 | ) | 236.1 | |||||||||||||
Amounts reclassified from AOCI | (a) | 70.0 | (b) | 1.5 | (c) | — | (d) | 8.6 | 80.1 | ||||||||||
Net current-period OCI | 311.1 | 11.9 | 0.1 | (6.9 | ) | 316.2 | |||||||||||||
Balance, December 31, 2013 | $ | (718.9 | ) | $ | 15.3 | $ | — | $ | (9.6 | ) | $ | (713.2 | ) | ||||||
Attributable to noncontrolling interests: | |||||||||||||||||||
Balance, December 31, 2012 | $ | — | $ | 23.7 | $ | — | $ | — | $ | 23.7 | |||||||||
OCI before reclassifications | — | 3.4 | — | — | 3.4 | ||||||||||||||
Amounts reclassified from AOCI | — | (c) | — | — | — | — | |||||||||||||
Net current-period OCI | — | 3.4 | — | — | 3.4 | ||||||||||||||
Balance, December 31, 2013 | $ | — | $ | 27.1 | $ | — | $ | — | $ | 27.1 |
(a) | Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 10). |
(b) | Amount was included in discontinued operations as part of the gain on sale of the tungsten materials business (see Note 2). |
(c) | No amounts were reclassified to earnings. |
(d) | Amounts were included in cost of goods sold in the period or periods the hedged item affects earnings (see Note 8). |
Amount reclassified from AOCI (c) | ||||||||
Fiscal year ended | ||||||||
Details about AOCI Components (in millions) | December 31, 2013 | Affected line item in the statement of operations | ||||||
Postretirement benefit plans | ||||||||
Prior service credit | $ | 15.2 | (a) | |||||
Actuarial losses | (129.0 | ) | (a) | |||||
(113.8 | ) | (d) | Total before tax | |||||
(43.8 | ) | Tax provision (benefit) | ||||||
$ | (70.0 | ) | Net of tax | |||||
Currency translation adjustment | ||||||||
Tungsten materials sale | $ | (1.5 | ) | (b) , (d) | Discontinued operations | |||
Derivatives | ||||||||
Nickel and other raw material contracts | $ | (8.8 | ) | (c) | ||||
Natural gas contracts | (3.8 | ) | (c) | |||||
Electricity contracts | (0.3 | ) | (c) | |||||
Foreign exchange contracts | (1.1 | ) | (c) | |||||
(14.0 | ) | (d) | Total before tax | |||||
(5.4 | ) | Tax provision (benefit) | ||||||
$ | (8.6 | ) | Net of tax |
(a) | Amounts are included in the computation of pension and other postretirement benefit expense, which is reported in both cost of goods sold and selling and administrative expenses. For additional information, see Note 10. |
(b) | Amount is included in discontinued operations as part of the gain on sale of the tungsten materials business (see Note 2). |
(c) | Amounts are included in cost of goods sold in the period or periods the hedged item affects earnings. For additional information, see Note 8. |
(d) | For pretax items, positive amounts are income and negative amounts are expense in terms of the impact to net income. Tax effects are presented in conformity with ATI’s presentation in the consolidated statements of operations. |