ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2019

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 14—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the change in accumulated other comprehensive income (loss) by component:


								Unrealized Net
									Gain (Loss)
					Pension and			from Equity
		Foreign			Other			Method Investees’
(In millions)		Currency			Benefits			Cash Flow Hedge			Total
Balance, December 31, 2018		$	7.2		$	(1.8)		$	0.1		$	5.5
Other comprehensive loss before reclassifications			(16.5)			(15.5)			(0.1)			(32.1)
Amounts reclassified from accumulated other comprehensive income			0.5			—			—			0.5
Balance, December 31, 2019		$	(8.8)		$	(17.3)		$	—		$	(26.1)


								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			(127.7)			4.2			—			0.2			(123.3)
Amounts reclassified from accumulated other comprehensive income			1.0			—			—			(2.2)			(1.2)
Other comprehensive income (loss)			(126.7)			4.2			—			(2.0)			(124.5)
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, December 31, 2018		$	7.2		$	(1.8)		$	—		$	0.1		$	5.5

The tax effects allocated to each component of other comprehensive income (loss) is as follows:


		Year Ended
		December 31, 2019									December 31, 2018									December 31, 2017
					Tax									Tax									Tax
		Pre-Tax			(Expense)			Net-of-Tax			Pre-Tax			(Expense)			Net-of-Tax			Pre-Tax			(Expense)			Net-of-Tax
(In millions)		Amount			Benefit			Amount			Amount			Benefit			Amount			Amount			Benefit			Amount
Unrealized foreign currency translation adjustment (1)		$	(18.3)		$	1.8		$	(16.5)		$	(127.5)		$	(0.2)		$	(127.7)		$	142.6		$	(10.9)		$	131.7
Realized loss on foreign currency transactions			0.5			—			0.5			1.0			—			1.0			—			—			—
Pension and other benefit adjustments:
Net gain (loss) arising during the period			(16.1)			0.6			(15.5)			3.8			0.4			4.2			(2.6)			(0.4)			(3.0)
Marketable securities:
Unrealized net holding gain (loss) arising during the period			—			—			—			—			—			—			1.2			(0.5)			0.7
Realized net gain reclassified into investment expense (income)			—			—			—			—			—			—			(0.6)			0.2			(0.4)
Equity method investee's cash flow hedge:
Unrealized net holding gain (loss) arising during the period			(0.1)			—			(0.1)			0.2			—			0.2			—			—			—
Realized net (gain) loss reclassified into equity in earnings of non-consolidated entities			—			—			—			(2.2)			—			(2.2)			(1.5)			0.6			(0.9)
Other comprehensive income (loss)		$	(34.0)		$	2.4		$	(31.6)		$	(124.7)		$	0.2		$	(124.5)		$	139.1		$	(11.0)		$	128.1

(1)

Deferred tax impacts of foreign currency translation for the international operations acquired during 2017 have not been recorded due to the Company’s intent to remain permanently invested.