Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v2.4.1.9
Consolidated Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Comprehensive income (loss) [Abstract]      
Net earnings $ 245.7us-gaap_NetIncomeLoss $ 769.2us-gaap_NetIncomeLoss $ 50.0us-gaap_NetIncomeLoss
Foreign currency translation [Abstract]      
Foreign currency translation adjustments arising during period (26.2)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax [1] (6.7)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax [1] 6.4us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax [1]
Less: reclassification of foreign currency translation included in Net earnings 0.7us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax [2] (0.7)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax [2] 0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax [2]
Net foreign currency translation (25.5)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (7.4)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 6.4us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Defined benefit plans [Abstract]      
Prior service credits arising during period 0us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax 0.2us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
Net actuarial gains (losses) arising during period (83.7)us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax [1] 145.4us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax [1] (30.0)us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax [1]
Less: amortization of prior service credits included in Net earnings (1.3)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax [2] (7.0)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax [2] (7.5)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax [2]
Less: amortization of net actuarial losses included in Net earnings 25.7us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax [2] 23.2us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax [2] 22.9us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax [2]
Net defined benefit plans (59.3)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax 161.6us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax (14.4)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
Investments [Abstract]      
Unrealized holding gains arising during period 0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 0.1us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Less: reclassification adjustment included in Net earnings 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax [2] 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax [2] 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax [2]
Net unrealized investment gains 0us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 0us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 0.1us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Derivatives [Abstract]      
Gains (losses) on derivatives arising during the period 4.4us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax [1] (5.3)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax [1] (10.0)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax [1]
Less: reclassification adjustment included in Net earnings 1.4us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax [2] 4.7us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax [2] 3.6us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax [2]
Net unrealized gains (losses) on derivatives 5.8us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (0.6)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (6.4)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
Other comprehensive income (loss) (79.0)us-gaap_OtherComprehensiveIncomeLossNetOfTax 153.6us-gaap_OtherComprehensiveIncomeLossNetOfTax (14.3)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income 166.7us-gaap_ComprehensiveIncomeNetOfTax 922.8us-gaap_ComprehensiveIncomeNetOfTax 35.7us-gaap_ComprehensiveIncomeNetOfTax
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]      
Foreign currency translation adjustments arising during period, tax effect 8.9us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax [1] 0us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax [1] 0us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax [1]
Net actuarial gains (losses) arising during period, tax effect 53.2us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax [1] 0.4us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax [1] 1.0us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax [1]
Gains (losses) on derivatives arising during period, tax effect (2.1)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax [1] (0.8)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax [1] 0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax [1]
Other comprehensive income (loss), tax effect   $ (0.1)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax [2]  
[1] The tax effects for the year ended December 31, 2014 were $8.9 million for foreign currency translation, $53.2 million for net actuarial gains (losses) arising during the period and $(2.1) million for derivatives. The tax effects for the year ended December 31, 2013 were$0.0 million for foreign currency translation, $0.4 million for net actuarial gains (losses) arising during the period and $(0.8) million for derivatives. The tax effects for the year ended December 31, 2012 were $0.0 million for foreign currency translation, $1.0 million for net actuarial gains (losses) arising during the period and $0.0 million for derivatives. Pre-tax and after-tax amounts for the years ended December 31, 2013 and 2012 are substantially the same as the Company maintained a tax valuation allowance for these items until its reversal at December 31, 2013. See Note 12 – Income Taxes and Note 19 – Comprehensive Income for additional details.
[2] See Note 19 – Comprehensive Income for the tax effects for the years ended December 31, 2014 and December 31, 2013. The pre-tax and after-tax amounts for the year ended December 31, 2012 for foreign currency translation, investments and derivatives are the same as the Company maintained a valuation allowance for these items until its reversal at December 31, 2013. The tax effect for defined benefit plans was $(0.1) million for the year ended December 31, 2012, primarily related to certain foreign defined benefit plans as all other defined benefit plans included corresponding tax valuation allowance adjustments. See Note 12 – Income Taxes for additional details.