Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income and Accumulated Other Comprehensive Loss

 v2.3.0.11
Comprehensive Income and Accumulated Other Comprehensive Loss
9 Months Ended
Jun. 30, 2011
Comprehensive Income and Accumulated Other Comprehensive Loss  
Comprehensive Income and Accumulated Other Comprehensive Loss

12.         Comprehensive Income and Accumulated Other Comprehensive Loss

 

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

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Net income

 

$

22.5

 

$

13.3

 

$

82.6

 

$

72.2

 

Change in foreign currency translation adjustment

 

18.5

 

(4.4

)

32.8

 

(3.6

)

Change in items not recognized as a component of net pension and postretirement healthcare cost

 

0.8

 

0.6

 

2.3

 

1.8

 

Change in net unrealized gains (losses) on derivative instruments

 

0.1

 

0.5

 

(0.2

)

0.8

 

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

 

0.9

 

—

 

1.0

 

(0.2

)

Comprehensive income

 

$

42.8

 

$

10.0

 

$

118.5

 

$

71.0

 

 

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

 

 

 

June 30,

 

September 30,

 

 

 

2011

 

2010

 

Cumulative foreign currency translation adjustment

 

$

41.9

 

$

9.1

 

Items not recognized as a component of net pension and postretirement benefit costs

 

(49.7

)

(52.0

)

Net unrealized loss on derivative instruments

 

(0.3

)

(0.1

)

Net unrealized gain on available-for-sale securities

 

1.0

 

—

 

Accumulated other comprehensive loss

 

$

(7.1

)

$

(43.0

)

 

The cumulative foreign currency translation increase was the result of the strengthening Swiss Franc compared to the US dollar during the nine months ended June 30, 2011.