Accumulated Other Comprehensive Loss
The tables below present the changes in AOCI by component and the reclassifications out of AOCI during 2013:
|
| | | | | | | | | | | | | | | | | | | | |
| | Foreign Currency Translation Adjustments | | Cash Flow Hedges | | Net Investment Hedges | | Pension and Postretirement Benefits | | Total |
Balance at December 31, 2012 | | $ | (317.6 | ) | | $ | (6.8 | ) | | $ | (4.3 | ) | | $ | (548.0 | ) | | $ | (876.7 | ) |
Other comprehensive loss other than reclassifications | | (111.7 | ) | | — |
| | — |
| | — |
| | (111.7 | ) |
Reclassifications into earnings: | | | | | | | | | | |
Derivative losses on cash flow hedges, net of tax of $.9(1) | | — |
| | 1.7 |
| | — |
| | — |
| | 1.7 |
|
Adjustments of and amortization of net actuarial loss and prior service cost, net of tax of $55.7(2) | | — |
| | — |
| | — |
| | 116.3 |
| | 116.3 |
|
Total reclassifications into earnings | | — |
| | 1.7 |
| | — |
| | 116.3 |
| | 118.0 |
|
Balance at December 31, 2013 | | $ | (429.3 | ) | | $ | (5.1 | ) | | $ | (4.3 | ) | | $ | (431.7 | ) | | $ | (870.4 | ) |
(1) Gross amount reclassified to interest expense, and related taxes reclassified to income taxes.
(2) Gross amount reclassified to pension and postretirement expense, within selling, general & administrative expenses, and related taxes reclassified to income taxes.
Foreign exchange net gains of $.2 and $7.7 for 2013 and 2012, respectively, resulting from the translation of actuarial losses and prior service cost recorded in AOCI are included in changes in foreign currency translation adjustments in the Consolidated Statements of Comprehensive Income.
