Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

v3.19.3
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE (LOSS)
The following table summarizes the activity, by component, related to the change in AOCI.
 
Foreign Currency Translation Adjustments
 
Derivative Adjustments
 
Pension and Postretirement Adjustments
 
Total Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2018
$
1.7

 
$
0.8

 
$
(64.1
)
 
$
(61.6
)
Other comprehensive (loss) before reclassifications, net of tax impact of $- , $0.2, ($0.2) and $-
(4.3
)
 
(0.1
)
 
(0.4
)
 
(4.8
)
Amounts reclassified from accumulated other comprehensive income

 
(0.6
)
 
4.1

 
3.5

Net current period other comprehensive (loss) income
(4.3
)
 
(0.7
)
 
3.7

 
(1.3
)
Balance, September 30, 2019
$
(2.6
)
 
$
0.1

 
$
(60.4
)
 
$
(62.9
)
 
 
 
 
 
 
 
 
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 (loss) income before reclassifications, net of tax impact of $- , ($0.3), $0.3, and $-
(6.2
)
 
0.7

 
0.3

 
(5.2
)
Amounts reclassified from accumulated other comprehensive income

 
0.4

 
5.0

 
5.4

Net current period other comprehensive (loss) income
(6.2
)
 
1.1

 
5.3

 
0.2

Balance, September 30, 2018
$
1.5

 
$
0.2

 
$
(66.6
)
 
$
(64.9
)

The amounts reclassified from AOCI and the affected line item of the Condensed Consolidated Statements of Operations are presented in the table below.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
 
2019
 
2018
 
2019
 
2018
 
Affected Line Item
Derivative adjustments
 
 
 
 
 
 
 
 
 
Foreign exchange contracts - purchases
$
(0.1
)
 
$
(0.1
)
 
$
(0.3
)
 
$

 
Cost of goods sold
Foreign exchange contracts - sales
(0.1
)
 

 
(0.3
)
 
0.4

 
Net sales
Foreign exchange contracts - sales

 

 

 
0.1

 
Earnings from discontinued operations
Total (income) expense before tax
(0.2
)
 
(0.1
)
 
(0.6
)
 
0.5

 
 
Tax impact

 

 

 
(0.1
)
 
Income tax (benefit)
Total (income) expense, net of tax
(0.2
)
 
(0.1
)
 
(0.6
)
 
0.4

 
 
Pension and postretirement adjustments
 
 
 
 
 
 
 
 
 
Amortization of net actuarial loss
1.9

 
2.1

 
5.2

 
6.3

 
Other expense, net
Tax impact
(0.4
)
 
(1.7
)
 
(1.1
)
 
(1.3
)
 
Income tax (benefit)
Total expense, net of tax
1.5

 
0.4

 
4.1

 
5.0

 
 
Total reclassifications for the period
$
1.3

 
$
0.3

 
$
3.5

 
$
5.4