Accumulated Other Comprehensive Income

3 Months Ended

Mar. 29, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (“AOCI”) by component, net of tax, for the first quarter and March 29, 2015 and March 30, 2014 are as follows (in millions):

	Foreign Currency Translation			Cash Flow Hedges			Pension and Postretirement Benefits			Total
Balance as of December 28, 2014	$	(90.6	)	$	(5.3	)	$	(227.3	)	$	(323.2	)
Other comprehensive loss before reclassifications	(49.2		)	(3.4		)	—			(52.6		)
Amounts reclassified from AOCI	—			1.1			4.9			6.0
Net other comprehensive income (loss)	(49.2		)	(2.3		)	4.9			(46.6		)
Balance as of March 29, 2015	$	(139.8	)	$	(7.6	)	$	(222.4	)	$	(369.8	)
	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 income (loss) before reclassifications	(9.4		)	(1.6		)	—			(11.0		)
Amounts reclassified from AOCI	—			0.6			2.9			3.5
Net other comprehensive income (loss)	(9.4		)	(1.0		)	2.9			(7.5		)
Balance as of March 30, 2014	$	(41.8	)	$	(4.3	)	$	(126.9	)	$	(173.0	)

The reclassifications out of AOCI for the first quarter and ended March 29, 2015 and March 30, 2014 are as follows (in millions):

	Amount Reclassified from AOCI Three Months Ended			Amount Reclassified from AOCI Three Months Ended			Statement of Income
	March 29, 2015			March 30, 2014			Presentation
Loss on cash flow hedges:
Loss recognized in income on derivatives	$	1.4		$	0.9		Other expense
Income tax benefit	(0.3		)	(0.3		)	Income tax benefit
Total	$	1.1		$	0.6
Amortization of defined benefit pension and postretirement plan items:
Amortization of prior service cost	$	(1.5	)	$	(1.1	)	Pension expense
Amortization of net actuarial loss	9.0			5.9			Pension expense
Total before tax	7.5			4.8
Income tax benefit	(2.6		)	(1.9		)	Income tax benefit
Total	$	4.9		$	2.9