|
NOTE 15 - 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 |
) |
Other comprehensive income (loss) before reclassifications |
0.3 |
|
|
(0.5 |
) |
|
(0.2 |
) |
Net loss reclassified from accumulated other comprehensive loss |
5.5 |
|
|
0.9 |
|
|
6.4 |
|
September 30, 2019 |
$ |
(263.8 |
) |
|
$ |
(1.8 |
) |
|
$ |
(265.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
) |
Other comprehensive income (loss) before reclassifications |
0.3 |
|
|
(0.2 |
) |
|
0.2 |
|
|
0.3 |
|
Net loss (gain) reclassified from accumulated other comprehensive loss |
6.5 |
|
|
(228.1 |
) |
|
0.1 |
|
|
(221.5 |
) |
September 30, 2018 |
$ |
(243.7 |
) |
|
$ |
— |
|
|
$ |
0.3 |
|
|
$ |
(243.4 |
) |
The following table reflects the details about Accumulated other comprehensive loss components related to shareholders’ equity (deficit):
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
|
(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
September 30, |
|
Nine Months Ended
September 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
Amortization of pension and OPEB liability: |
|
|
|
|
|
|
|
|
|
|
Prior service credits |
|
$ |
(0.2 |
) |
|
$ |
(0.1 |
) |
|
$ |
(0.6 |
) |
|
$ |
(0.5 |
) |
|
Other non-operating income |
Net actuarial loss |
|
7.2 |
|
|
6.6 |
|
|
21.5 |
|
|
19.7 |
|
|
Other non-operating income |
|
|
$ |
7.0 |
|
|
$ |
6.5 |
|
|
$ |
20.9 |
|
|
$ |
19.2 |
|
|
|
|
|
(1.5 |
) |
|
— |
|
|
(4.4 |
) |
|
— |
|
|
Income tax expense |
|
|
$ |
5.5 |
|
|
$ |
6.5 |
|
|
$ |
16.5 |
|
|
$ |
19.2 |
|
|
Net of taxes |
|
|
|
|
|
|
|
|
|
|
|
Changes in foreign currency translation: |
|
|
|
|
|
|
|
|
|
|
Gain on foreign currency translation |
|
$ |
— |
|
|
$ |
(228.1 |
) |
|
$ |
— |
|
|
$ |
(228.1 |
) |
|
Income (loss) from discontinued operations, net of tax |
|
|
$ |
— |
|
|
$ |
(228.1 |
) |
|
$ |
— |
|
|
$ |
(228.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized loss (gain) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
Commodity contracts |
|
$ |
1.2 |
|
|
$ |
0.1 |
|
|
$ |
1.7 |
|
|
$ |
— |
|
|
Cost of goods sold |
|
|
(0.3 |
) |
|
— |
|
|
(0.4 |
) |
|
— |
|
|
Income tax expense |
|
|
$ |
0.9 |
|
|
$ |
0.1 |
|
|
$ |
1.3 |
|
|
$ |
— |
|
|
Net of taxes |
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
6.4 |
|
|
$ |
(221.5 |
) |
|
$ |
17.8 |
|
|
$ |
(208.9 |
) |
|
|
|