The following table summarizes the activity, by component, related to the change in AOCI for December 31, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation Adjustments |
|
Derivative Adjustments |
|
Pension and Postretirement Adjustments |
|
Total Accumulated Other Comprehensive Income (Loss) |
Balance, December 31, 2016 |
$ |
0.5 |
|
|
$ |
0.5 |
|
|
$ |
(60.8 |
) |
|
$ |
(59.8 |
) |
Other comprehensive income (loss) before reclassifications, net of tax impact of $ — , $0.7, $1.2 and $1.9 |
7.2 |
|
|
(1.9 |
) |
|
(5.4 |
) |
|
(0.1 |
) |
Amounts reclassified from accumulated other comprehensive income |
— |
|
|
0.4 |
|
|
7.0 |
|
|
7.4 |
|
Net current period other comprehensive income (loss) |
7.2 |
|
|
(1.5 |
) |
|
1.6 |
|
|
7.3 |
|
Balance, December 31, 2017 |
$ |
7.7 |
|
|
$ |
(1.0 |
) |
|
$ |
(59.2 |
) |
|
$ |
(52.5 |
) |
Cumulative effect of adoption of ASU 2018-02 as of January 1 |
— |
|
|
0.1 |
|
|
(12.7 |
) |
|
(12.6 |
) |
Other comprehensive income (loss) before reclassifications, net of tax impact of $ — , ($0.5), $1.0 and $0.5 |
(6.0 |
) |
|
1.4 |
|
|
1.2 |
|
|
(3.4 |
) |
Amounts reclassified from accumulated other comprehensive income |
— |
|
|
0.3 |
|
|
6.6 |
|
|
6.9 |
|
Net current period other comprehensive income (loss) |
(6.0 |
) |
|
1.7 |
|
|
7.8 |
|
|
3.5 |
|
Balance, December 31, 2018 |
$ |
1.7 |
|
|
$ |
0.8 |
|
|
$ |
(64.1 |
) |
|
$ |
(61.6 |
) |
The amounts and related tax effects allocated to each component of OCI in 2018, 2017 and 2016 are presented in the table below.
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|
|
|
|
|
|
Pre-tax Amount |
|
Tax Impact |
|
After-tax Amount |
2018 |
|
|
|
|
|
Foreign currency translation adjustments |
$ |
(6.0 |
) |
|
$ |
— |
|
|
$ |
(6.0 |
) |
Derivative adjustments |
2.3 |
|
|
(0.6 |
) |
|
1.7 |
|
Pension and postretirement adjustments |
8.5 |
|
|
(0.7 |
) |
|
7.8 |
|
Total other comprehensive income |
$ |
4.8 |
|
|
$ |
(1.3 |
) |
|
$ |
3.5 |
|
|
|
|
|
|
|
2017 |
|
|
|
|
|
Foreign currency translation adjustments |
$ |
7.2 |
|
|
$ |
— |
|
|
$ |
7.2 |
|
Derivative adjustments |
(2.0 |
) |
|
0.5 |
|
|
(1.5 |
) |
Pension and postretirement adjustments |
2.2 |
|
|
(0.6 |
) |
|
1.6 |
|
Total other comprehensive (loss) |
$ |
7.4 |
|
|
$ |
(0.1 |
) |
|
$ |
7.3 |
|
|
|
|
|
|
|
2016 |
|
|
|
|
|
Foreign currency translation adjustments |
$ |
(8.2 |
) |
|
$ |
— |
|
|
$ |
(8.2 |
) |
Derivative adjustments |
(2.0 |
) |
|
0.4 |
|
|
(1.6 |
) |
Postretirement adjustments |
3.3 |
|
|
(1.1 |
) |
|
2.2 |
|
Total other comprehensive (loss) |
$ |
(6.9 |
) |
|
$ |
(0.7 |
) |
|
$ |
(7.6 |
) |
|