Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income and Accumulated Other Comprehensive Loss

v2.4.0.6
Comprehensive Income and Accumulated Other Comprehensive Loss
3 Months Ended
Dec. 31, 2011
Comprehensive Income and Accumulated Other Comprehensive Loss  
Comprehensive Income and Accumulated Other Comprehensive Loss

11.         Comprehensive Income and Accumulated Other Comprehensive Loss

 

The components of comprehensive income, net of tax, were:

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2011

 

2010

 

Net income

 

$

31.3

 

$

27.1

 

Change in currency translation adjustment

 

(6.6

)

9.8

 

Change in pension and postretirement

 

0.1

 

0.8

 

Change in net unrealized gains (losses) on derivative instruments

 

(0.1

)

(0.1

)

Change in net unrealized gains (losses) on available-for-sale securities

 

(1.1

)

0.3

 

Comprehensive income

 

$

23.6

 

$

37.9

 

 

The components of accumulated other comprehensive loss, net of tax, were:

 

 

 

December 31,

 

September 30,

 

 

 

2011

 

2011

 

Currency translation adjustment

 

$

13.8

 

$

20.4

 

Pension and postretirement

 

(60.4

)

(60.5

)

Net unrealized loss on derivative instruments

 

0.1

 

0.2

 

Net unrealized gain on available-for-sale securities

 

(0.7

)

0.4

 

Accumulated other comprehensive loss

 

$

(47.2

)

$

(39.5

)

 

The cumulative foreign currency translation decrease was the result of the strengthening U.S. dollar compared to the Swiss Franc and Euro during the three months ended December 31, 2011.