XML 57 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 28, 2014
Equity [Abstract]  
Changes in AOCI by Component
The changes in accumulated other comprehensive income (“AOCI”) by component, net of tax, for the third quarter and nine months ended September 28, 2014 and September 29, 2013 are as follows (in millions):
 
Foreign Currency Translation
 
Cash Flow Hedges
 
Pension and Postretirement Benefits
 
Total
Balance as of June 29, 2014
$
(25.3
)
 
$
(1.8
)
 
$
(124.9
)
 
$
(152.0
)
   Other comprehensive loss before reclassifications
(35.8
)
 
(2.4
)
 
—

 
(38.2
)
   Amounts reclassified from AOCI
—

 
0.5

 
3.1

 
3.6

Net other comprehensive income (loss)
(35.8
)
 
(1.9
)
 
3.1

 
(34.6
)
Balance as of September 28, 2014
$
(61.1
)
 
$
(3.7
)
 
$
(121.8
)
 
$
(186.6
)
 
 
 
 
 
 
 
 
 
Foreign Currency Translation
 
Cash Flow Hedges
 
Pension and Postretirement Benefits
 
Total
Balance as of June 30, 2013
$
(46.6
)
 
$
(3.7
)
 
$
(243.2
)
 
$
(293.5
)
   Other comprehensive income (loss) before reclassifications
21.7

 
1.0

 
(0.2
)
 
22.5

   Amounts reclassified from AOCI
—

 
0.5

 
5.4

 
5.9

Net other comprehensive income
21.7

 
1.5

 
5.2

 
28.4

Balance as of September 29, 2013
$
(24.9
)
 
$
(2.2
)
 
$
(238.0
)
 
$
(265.1
)
 
Foreign Currency Translation
 
Cash Flow Hedges
 
Pension and Postretirement Benefits
 
Total
Balance as of December 29, 2013
$
(32.4
)
 
$
(3.3
)
 
$
(129.8
)
 
$
(165.5
)
   Other comprehensive loss before reclassifications
(28.7
)
 
(2.2
)
 
—

 
(30.9
)
   Amounts reclassified from AOCI
—

 
1.8

 
8.0

 
9.8

Net other comprehensive (loss) income
(28.7
)
 
(0.4
)
 
8.0

 
(21.1
)
Balance as of September 28, 2014
$
(61.1
)
 
$
(3.7
)
 
$
(121.8
)
 
$
(186.6
)
 
 
 
 
 
 
 
 
 
Foreign Currency Translation
 
Cash Flow Hedges
 
Pension and Postretirement Benefits
 
Total
Balance as of December 30, 2012
$
(17.2
)
 
$
(1.9
)
 
$
(254.3
)
 
$
(273.4
)
   Other comprehensive loss before reclassifications
(7.7
)
 
(1.1
)
 
—

 
(8.8
)
   Amounts reclassified from AOCI
—

 
0.8

 
16.3

 
17.1

Net other comprehensive income (loss)
(7.7
)
 
(0.3
)
 
16.3

 
8.3

Balance as of September 29, 2013
$
(24.9
)
 
$
(2.2
)
 
$
(238.0
)
 
$
(265.1
)

The reclassifications out of AOCI for the third quarter and nine months ended September 28, 2014 and September 29, 2013 are as follows (in millions):
 
Amount Reclassified from AOCI Three Months Ended
 
Amount Reclassified from AOCI Nine Months Ended
Statement of Income
 
September 28, 2014
 
September 28, 2014
Presentation
Loss on cash flow hedges:
 
 
 
 
Loss recognized in income on derivatives
$
0.6

 
$
2.4

Other expense
Income tax benefit
(0.1
)
 
(0.6
)
Income tax benefit
Total
$
0.5

 
$
1.8

 
 
 
 
 
 
Amortization of defined benefit pension and postretirement plan items:
 
 
 
 
Amortization of prior service cost
$
(1.2
)
 
$
(3.6
)
Pension expense
Amortization of net actuarial loss
6.1

 
16.4

Pension expense
Total before tax
4.9

 
12.8

 
Income tax benefit
(1.8
)
 
(4.8
)
Income tax benefit
Total
$
3.1

 
$
8.0

 
 
Amount Reclassified from AOCI Three Months Ended
 
Amount Reclassified from AOCI Nine Months Ended
Statement of Income
 
September 29, 2013
 
September 29, 2013
Presentation
Loss on cash flow hedges:
 
 
 
 
Loss recognized in income on derivatives
$
0.7

 
$
1.0

Other expense
Income tax benefit
(0.2
)
 
(0.2
)
Income tax benefit
Total
$
0.5

 
$
0.8

 
 
 
 
 
 
Amortization of defined benefit pension and postretirement plan items:
 
 
 
 
Amortization of prior service cost
(1.3
)
 
(3.9
)
Pension expense
Amortization of net actuarial loss
10.1

 
30.5

Pension expense
Total before tax
8.8

 
26.6

 
Income tax benefit
(3.4
)
 
(10.3
)
Income tax benefit
Total
$
5.4

 
$
16.3