NOTE 11—ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the change in accumulated other comprehensive income by component:


					Unrealized Net		Unrealized Net
			Pension and		Gain from		Gain from Equity
	Foreign		Other		Marketable		Method Investees’
(In millions)	Currency		Benefits		Securities		Cash Flow Hedge		Total
Balance, December 31, 2017	$	129.9	$	(6.6)	$	0.6	$	1.7	$	125.6
Other comprehensive income (loss) before reclassifications		(101.6)		(1.4)		—		0.2		(102.8)
Amounts reclassified from accumulated other comprehensive income		1.0		—		—		(2.2)		(1.2)
Other comprehensive income (loss)		(100.6)		(1.4)		—		(2.0)		(104.0)
Adoption of ASU 2016-01 - reclassification to retained earnings		—		—		(0.6)		—		(0.6)
Adoption of ASU 2018-02 - reclassification to retained earnings		4.0		0.6		—		0.4		5.0
Balance, September 30, 2018	$	33.3	$	(7.4)	$	—	$	0.1	$	26.0

The tax effects allocated to each component of other comprehensive income (loss) during the three months ended September 30, 2018 and September 30, 2017 are as follows:


	Three Months Ended
	September 30, 2018						September 30, 2017
			Tax						Tax
	Pre-Tax		(Expense)		Net-of-Tax		Pre-Tax		(Expense)		Net-of-Tax
(In millions)	Amount		Benefit		Amount		Amount		Benefit		Amount
Unrealized foreign currency translation adjustment (1)	$	(5.7)	$	—	$	(5.7)	$	39.0	$	(4.6)	$	34.4
Pension and other benefit adjustments:
Net gain arising during the period		0.2		(0.1)		0.1		—		—		—
Marketable securities:
Unrealized net holding gain (loss) arising during the period		—		—		—		0.4		(0.2)		0.2
Equity method investees' cash flow hedge:
Unrealized net holding loss arising during the period		—		—		—		0.1		—		0.1
Realized net loss reclassified into equity in earnings of non-consolidated entities		(2.5)		0.6		(1.9)		(1.6)		0.6		(1.0)
Other comprehensive income (loss)	$	(8.0)	$	0.5	$	(7.5)	$	37.9	$	(4.2)	$	33.7

(1)

Deferred tax impacts of foreign currency translation for the Odeon and Nordic international operations have not been recorded due to the Company’s intent to remain permanently invested.

The tax effects allocated to each component of other comprehensive income (loss) during the nine months ended September 30, 2018 and September 30, 2017 are as follows:


	Nine Months Ended
	September 30, 2018						September 30, 2017
			Tax						Tax
	Pre-Tax		(Expense)		Net-of-Tax		Pre-Tax		(Expense)		Net-of-Tax
(In millions)	Amount		Benefit		Amount		Amount		Benefit		Amount
Unrealized foreign currency translation adjustment (1)	$	(101.7)	$	0.1	$	(101.6)	$	120.4	$	(11.1)	$	109.3
Realized loss on foreign currency transactions		1.0		—		1.0		—		—		—
Pension and other benefit adjustments:
Net loss arising during the period		(1.5)		0.2		(1.3)		—		—		—
Amortization of net (gain) loss reclassified into general and administrative: other		—		—		—		(0.5)		—		(0.5)
Marketable securities:
Unrealized net holding gain (loss) arising during the period		—		—		—		0.9		(0.4)		0.5
Realized net gain reclassified into investment expense (income)		—		—		—		(0.1)		—		(0.1)
Equity method investees' cash flow hedge:
Unrealized net holding gain (loss) arising during the period		0.2		—		0.2		—		—		—
Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities		(2.8)		0.6		(2.2)		(1.5)		0.6		(0.9)
Other comprehensive income (loss)	$	(104.8)	$	0.9	$	(103.9)	$	119.2	$	(10.9)	$	108.3

(1)

Deferred tax impacts of foreign currency translation for the Odeon and Nordic international operations have not been recorded due to the Company’s intent to remain permanently invested.