v3.20.4
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
12 Months Ended
Dec. 31, 2020
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
ACCUMULATED OTHER COMPREHENSIVE INCOME (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)

from Equity

Foreign

Method Investees’

(In millions)

    

Currency

    

Pension 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 loss

 

0.5

 

 

 

0.5

Balance December 31, 2019

$

(8.8)

$

(17.3)

$

$

(26.1)

Other comprehensive (gain) loss before reclassifications

67.0

(4.1)

62.9

Amounts reclassified from accumulated other comprehensive loss

1.9

1.9

Balance December 31, 2020

$

60.1

$

(21.4)

$

$

38.7

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

Year Ended

December 31, 2020

December 31, 2019

December 31, 2018

   

   

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

$

66.8

$

0.2

$

67.0

$

(18.3)

$

1.8

$

(16.5)

$

(127.5)

$

(0.2)

$

(127.7)

Realized loss on foreign currency transactions

1.9

1.9

0.5

0.5

1.0

1.0

Pension and other benefit adjustments:

Net gain (loss) arising during the period

(4.1)

(4.1)

(16.1)

0.6

(15.5)

3.8

0.4

4.2

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)

Other comprehensive income (loss)

$

64.6

$

0.2

$

64.8

$

(34.0)

$

2.4

$

(31.6)

$

(124.7)

$

0.2

$

(124.5)