2013 | ||||||||||||||
$ in millions | Foreign currency translation | Employee benefit plans | Equity method investments | Available-for-sale investments | Total | |||||||||
Other comprehensive income/(loss) before tax: | ||||||||||||||
Currency translation differences on investments in foreign subsidiaries* | (121.9 | ) | — | — | — | (121.9 | ) | |||||||
Actuarial (loss)/gain related to employee benefit plans | — | 7.0 | — | — | 7.0 | |||||||||
Reclassification of amortization of prior service costs (gains)/losses into employee compensation expenses | — | (1.9 | ) | — | — | (1.9 | ) | |||||||
Reclassification of amortization of actuarial (gains)/losses into employee compensation expenses | — | 2.3 | — | — | 2.3 | |||||||||
Share of other comprehensive income/(loss) of equity method investments | — | — | (3.9 | ) | — | (3.9 | ) | |||||||
Unrealized(losses)/gains on available-for-sale investments | — | — | — | 13.6 | 13.6 | |||||||||
Reclassification of net (gains)/losses realized on available-for-sale investments included in other gains and losses, net | — | — | — | (3.2 | ) | (3.2 | ) | |||||||
Other comprehensive income/(loss) before tax | (121.9 | ) | 7.4 | (3.9 | ) | 10.4 | (108.0 | ) | ||||||
Income tax related to items of other comprehensive income/(loss): | ||||||||||||||
Tax benefit/(expenses) on foreign currency translation differences | (0.4 | ) | — | — | — | (0.4 | ) | |||||||
Tax on actuarial (loss)/gain related to employee benefit plans | — | (5.8 | ) | — | — | (5.8 | ) | |||||||
Reclassification of tax on amortization of prior service costs/(credit) into income tax provision | — | 0.4 | — | — | 0.4 | |||||||||
Reclassification of tax on amortization of actuarial (loss)/gain into income tax provision | — | (0.5 | ) | — | — | (0.5 | ) | |||||||
Tax on net unrealized gains/(losses) on available-for-sale investments | — | — | — | (0.5 | ) | (0.5 | ) | |||||||
Reclassification of tax on net (gains)/losses on available-for-sale investments | — | — | — | (0.9 | ) | (0.9 | ) | |||||||
Total income tax benefit(expense) related to items of other comprehensive income | (0.4 | ) | (5.9 | ) | — | (1.4 | ) | (7.7 | ) | |||||
Accumulated other comprehensive income/(loss), net of tax: | ||||||||||||||
Beginning balance | 601.7 | (79.4 | ) | 2.1 | 6.1 | 530.5 | ||||||||
Other comprehensive income/(loss), net of tax: | (122.3 | ) | 1.5 | (3.9 | ) | 9.0 | (115.7 | ) | ||||||
Other comprehensive (income)/loss attributable to noncontrolling interest | 13.1 | — | — | — | 13.1 | |||||||||
Ending balance | 492.5 | (77.9 | ) | (1.8 | ) | 15.1 | 427.9 |
2012 | ||||||||||||||
$ in millions | Foreign currency translation | Employee benefit plans | Equity method investments | Available-for-sale investments | Total | |||||||||
Other comprehensive income/(loss) before tax: | ||||||||||||||
Currency translation differences on investments in foreign subsidiaries* | 145.0 | — | — | — | 145.0 | |||||||||
Actuarial (loss)/gain related to employee benefit plans | — | (4.8 | ) | — | — | (4.8 | ) | |||||||
Reclassification of amortization of prior service costs (gains)/losses into employee compensation expenses | — | (2.0 | ) | — | — | (2.0 | ) | |||||||
Reclassification of amortization of actuarial (gains)/losses into employee compensation expenses | — | 2.4 | — | — | 2.4 | |||||||||
Share of other comprehensive income/(loss) of equity method investments | — | — | 6.4 | — | 6.4 | |||||||||
Unrealized(losses)/gains on available-for-sale investments | — | — | — | 14.0 | 14.0 | |||||||||
Reclassification of net (gains)/losses realized on available-for-sale investments included in other gains and losses, net | — | — | — | (3.9 | ) | (3.9 | ) | |||||||
Other comprehensive income/(loss) before tax | 145.0 | (4.4 | ) | 6.4 | 10.1 | 157.1 | ||||||||
Income tax related to items of other comprehensive income/(loss): | ||||||||||||||
Tax benefit/(expenses) on foreign currency translation differences | 0.6 | — | — | — | 0.6 | |||||||||
Tax on actuarial (loss)/gain related to employee benefit plans | — | (0.1 | ) | — | — | (0.1 | ) | |||||||
Reclassification of tax on amortization of prior service costs/(credit) into income tax provision | — | 0.5 | — | — | 0.5 | |||||||||
Reclassification of tax on amortization of actuarial (loss)/gain into income tax provision | — | (0.6 | ) | — | — | (0.6 | ) | |||||||
Tax on net unrealized gains/(losses) on available-for-sale investments | — | — | — | (1.0 | ) | (1.0 | ) | |||||||
Reclassification of tax on net (gains)/losses on available-for-sale investments | — | — | — | (0.2 | ) | (0.2 | ) | |||||||
Total income tax benefit(expense) related to items of other comprehensive income | 0.6 | (0.2 | ) | — | (1.2 | ) | (0.8 | ) | ||||||
Accumulated other comprehensive income/(loss), net of tax: | ||||||||||||||
Beginning balance | 455.2 | (74.8 | ) | (4.3 | ) | (2.8 | ) | 373.3 | ||||||
Other comprehensive income/(loss), net of tax: | 145.6 | (4.6 | ) | 6.4 | 8.9 | 156.3 | ||||||||
Other comprehensive (income)/loss attributable to noncontrolling interest | 0.9 | — | — | — | 0.9 | |||||||||
Ending balance | 601.7 | (79.4 | ) | 2.1 | 6.1 | 530.5 |
* | Included in this amount are net gains of $0.9 million for the year ended December 31, 2012 related to foreign currency translation adjustments attributable to CIP. Of this amount, gross losses of $6.3 million are reclassified from accumulated other comprehensive income into retained earnings appropriated for investors in CIP. |
2011 | ||||||||||||||
$ in millions | Foreign currency translation | Employee benefit plans | Equity method investments | Available-for-sale investments | Total | |||||||||
Other comprehensive income/(loss) before tax: | ||||||||||||||
Currency translation differences on investments in foreign subsidiaries* | (48.8 | ) | — | — | — | (48.8 | ) | |||||||
Actuarial (loss)/gain related to employee benefit plans | — | (41.9 | ) | — | — | (41.9 | ) | |||||||
Reclassification of amortization of prior service costs (gains)/losses into employee compensation expenses | — | (2.0 | ) | — | — | (2.0 | ) | |||||||
Reclassification of amortization of actuarial (gains)/losses into employee compensation expenses | — | 1.5 | — | — | 1.5 | |||||||||
Share of other comprehensive income/(loss) of equity method investments | — | — | (7.2 | ) | — | (7.2 | ) | |||||||
Unrealized(losses)/gains on available-for-sale investments | — | — | — | (12.2 | ) | (12.2 | ) | |||||||
Reclassification of net (gains)/losses realized on available-for-sale investments included in other gains and losses, net | — | — | — | (0.1 | ) | (0.1 | ) | |||||||
Other comprehensive income/(loss) before tax | (48.8 | ) | (42.4 | ) | (7.2 | ) | (12.3 | ) | (110.7 | ) | ||||
Income tax related to items of other comprehensive income/(loss): | ||||||||||||||
Tax benefit/(expenses) on foreign currency translation differences | 0.5 | — | — | — | 0.5 | |||||||||
Tax on actuarial (loss)/gain related to employee benefit plans | — | 9.5 | — | — | 9.5 | |||||||||
Reclassification of tax on amortization of prior service costs/(credit) into income tax provision | — | (0.7 | ) | — | — | (0.7 | ) | |||||||
Reclassification of tax on amortization of actuarial (loss)/gain into income tax provision | — | 0.5 | — | — | 0.5 | |||||||||
Tax on net unrealized gains/(losses) on available-for-sale investments | — | — | — | 1.7 | 1.7 | |||||||||
Reclassification of tax on net (gains)/losses on available-for-sale investments | — | — | — | 0.1 | 0.1 | |||||||||
Total income tax benefit(expense) related to items of other comprehensive income | 0.5 | 9.3 | — | 1.8 | 11.6 | |||||||||
Accumulated other comprehensive income/(loss), net of tax: | ||||||||||||||
Beginning balance | 526.6 | (41.7 | ) | 2.9 | 7.7 | 495.5 | ||||||||
Other comprehensive income/(loss), net of tax: | (48.3 | ) | (33.1 | ) | (7.2 | ) | (10.5 | ) | (99.1 | ) | ||||
Other comprehensive (income)/loss attributable to noncontrolling interest | (23.1 | ) | — | — | — | (23.1 | ) | |||||||
Ending balance | 455.2 | (74.8 | ) | (4.3 | ) | (2.8 | ) | 373.3 |
* | Included in this amount are net gains of $23.1 million for the year ended December 31, 2011 related to foreign currency translation adjustments attributable to CIP. Of this amount, gross gains of $8.7 million are reclassified from accumulated other comprehensive income into retained earnings appropriated for investors in CIP. |