21. | Accumulated Other Comprehensive Loss |
The following tables present changes in accumulated other comprehensive loss by component (net of tax) (in millions):
Foreign Currency Adjustments |
Derivative Instruments (a) |
Pension and Other Postretirement Adjustments (b) |
Accumulated Other Comprehensive Loss |
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Balance at December 31, 2012 |
$ | (71.1 | ) | $ | 4.0 | $ | (118.9 | ) | $ | (186.0 | ) | |||||
Other comprehensive income (loss) before reclassifications (net of tax expense of $0, $2.9, $19.4, and $22.3) |
6.0 | 4.9 | 28.3 | 39.2 | ||||||||||||
(Gains) losses reclassified from accumulated other comprehensive loss (net of tax (expense) benefit of $0, $(3.1), $1.4, and $(1.7)) |
— | (5.4 | ) | 5.4 | — | |||||||||||
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Net current year other comprehensive income (loss) |
6.0 | (0.5 | ) | 33.7 | 39.2 | |||||||||||
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Balance at December 31, 2013 |
$ | (65.1 | ) | $ | 3.5 | $ | (85.2 | ) | $ | (146.8 | ) | |||||
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(a) | Pre-tax amounts reclassified from AOCI in the year ended December 31, 2013 are reported in Net sales ($5.4 million (gain)) and loss on early extinguishment of debt ($3.1 million (gain)). |
(b) | Pre-tax amounts reclassified from AOCI represent amortization of net loss, which is included in the computation of net periodic benefit cost (see Note 17, Pension and Other Postretirement Benefits). |