|
NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables reflect the changes in Accumulated other comprehensive loss related to shareholders’ equity (deficit):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
Postretirement Benefit Liability, net of tax |
|
Derivative Financial Instruments, net of tax |
|
Accumulated Other Comprehensive Loss |
December 31, 2018 |
$ |
(281.1 |
) |
|
$ |
(2.8 |
) |
|
$ |
(283.9 |
) |
Other comprehensive income before reclassifications |
0.2 |
|
|
2.5 |
|
|
2.7 |
|
Net loss reclassified from accumulated other comprehensive loss |
5.5 |
|
|
0.2 |
|
|
5.7 |
|
March 31, 2019 |
$ |
(275.4 |
) |
|
$ |
(0.1 |
) |
|
$ |
(275.5 |
) |
Other comprehensive income (loss) before reclassifications |
0.3 |
|
|
(2.3 |
) |
|
(2.0 |
) |
Net loss reclassified from accumulated other comprehensive loss |
5.5 |
|
|
0.2 |
|
|
5.7 |
|
June 30, 2019 |
$ |
(269.6 |
) |
|
$ |
(2.2 |
) |
|
$ |
(271.8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
Postretirement Benefit Liability, net of tax |
|
Foreign Currency Translation |
|
Derivative Financial Instruments, net of tax |
|
Accumulated Other Comprehensive Loss |
December 31, 2017 |
$ |
(263.9 |
) |
|
$ |
225.4 |
|
|
$ |
(0.5 |
) |
|
$ |
(39.0 |
) |
Other comprehensive income before reclassifications |
0.5 |
|
|
0.7 |
|
|
0.4 |
|
|
1.6 |
|
Net loss (gain) reclassified from accumulated other comprehensive loss |
6.2 |
|
|
— |
|
|
(0.1 |
) |
|
6.1 |
|
March 31, 2018 |
$ |
(257.2 |
) |
|
$ |
226.1 |
|
|
$ |
(0.2 |
) |
|
$ |
(31.3 |
) |
Other comprehensive income before reclassifications |
0.2 |
|
|
2.2 |
|
|
0.2 |
|
|
2.6 |
|
Net loss reclassified from accumulated other comprehensive loss |
6.5 |
|
|
— |
|
|
— |
|
|
6.5 |
|
June 30, 2018 |
$ |
(250.5 |
) |
|
$ |
228.3 |
|
|
$ |
— |
|
|
$ |
(22.2 |
) |
The following table reflects the details about Accumulated other comprehensive loss components related to shareholders’ equity (deficit):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
|
Details about Accumulated Other Comprehensive Loss Components |
|
Amount of (Gain)/Loss Reclassified into Income, Net of Tax |
|
Affected Line Item in the Statement of Unaudited Condensed Consolidated Operations |
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
Amortization of pension and OPEB liability: |
|
|
|
|
|
|
|
|
|
|
Prior service credits |
|
$ |
(0.2 |
) |
|
$ |
(0.1 |
) |
|
$ |
(0.4 |
) |
|
$ |
(0.4 |
) |
|
Other non-operating income |
Net actuarial loss |
|
7.1 |
|
|
6.6 |
|
|
14.3 |
|
|
13.1 |
|
|
Other non-operating income |
|
|
$ |
6.9 |
|
|
$ |
6.5 |
|
|
$ |
13.9 |
|
|
$ |
12.7 |
|
|
|
|
|
(1.4 |
) |
|
— |
|
|
(2.9 |
) |
|
— |
|
|
Income tax benefit (expense) |
|
|
$ |
5.5 |
|
|
$ |
6.5 |
|
|
$ |
11.0 |
|
|
$ |
12.7 |
|
|
Net of taxes |
|
|
|
|
|
|
|
|
|
|
|
Unrealized loss (gain) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
Commodity contracts |
|
$ |
0.2 |
|
|
$ |
— |
|
|
$ |
0.5 |
|
|
$ |
(0.1 |
) |
|
Cost of goods sold |
|
|
— |
|
|
— |
|
|
(0.1 |
) |
|
— |
|
|
Income tax benefit (expense) |
|
|
$ |
0.2 |
|
|
$ |
— |
|
|
$ |
0.4 |
|
|
$ |
(0.1 |
) |
|
Net of taxes |
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
5.7 |
|
|
$ |
6.5 |
|
|
$ |
11.4 |
|
|
$ |
12.6 |
|
|
|
|