Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 28, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (“AOCI”) by component, net of tax, for the second quarter and six months ended June 28, 2015 and June 29, 2014 are as follows (in millions):

	Foreign Currency Translation			Cash Flow Hedges			Pension and Postretirement Benefits			Total
Balance as of March 29, 2015	$	(139.8	)	$	(7.6	)	$	(222.4	)	$	(369.8	)
Other comprehensive gain (loss) before reclassifications	20.8			0.4			—			21.2
Amounts reclassified from AOCI	—			1.4			4.0			5.4
Net other comprehensive income gain	20.8			1.8			4.0			26.6
Balance as of June 28, 2015	$	(119.0	)	$	(5.8	)	$	(218.4	)	$	(343.2	)
	Foreign Currency Translation			Cash Flow Hedges			Pension and Postretirement Benefits			Total
Balance as of March 30, 2014	$	(41.8	)	$	(4.3	)	$	(126.9	)	$	(173.0	)
Other comprehensive income gain before reclassifications	16.5			1.8			—			18.3
Amounts reclassified from AOCI	—			0.7			2.0			2.7
Net other comprehensive income gain	16.5			2.5			2.0			21.0
Balance as of June 29, 2014	$	(25.3	)	$	(1.8	)	$	(124.9	)	$	(152.0	)

	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	(28.4		)	(2.9		)	—			(31.3		)
Amounts reclassified from AOCI	—			2.4			8.9			11.3
Net other comprehensive gain (loss)	(28.4		)	(0.5		)	8.9			(20.0		)
Balance as of June 28, 2015	$	(119.0	)	$	(5.8	)	$	(218.4	)	$	(343.2	)
	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 gain before reclassifications	7.1			0.2			—			7.3
Amounts reclassified from AOCI	—			1.3			4.9			6.2
Net other comprehensive income gain	7.1			1.5			4.9			13.5
Balance as of June 29, 2014	$	(25.3	)	$	(1.8	)	$	(124.9	)	$	(152.0	)

The reclassifications out of AOCI for the second quarter and six months ended June 28, 2015 and June 29, 2014 are as follows (in millions):

	Amount Reclassified from AOCI Three Months Ended			Amount Reclassified from AOCI Three Months Ended			Statement of Income
	June 28, 2015			June 29, 2014			Presentation
Loss on cash flow hedges:
Loss recognized in income on derivatives	$	1.8		$	0.9		Other expense
Income tax benefit	(0.4		)	(0.2		)	Income tax benefit
Total	$	1.4		$	0.7
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	8.1			4.3			Pension expense
Total before tax	6.6			3.2
Income tax benefit	(2.6		)	(1.2		)	Income tax benefit
Total	$	4.0		$	2.0

	Amount Reclassified from AOCI Six Months Ended			Amount Reclassified from AOCI Six Months Ended			Statement of Income
	June 28, 2015			June 29, 2014			Presentation
Loss on cash flow hedges:
Loss recognized in income on derivatives	$	3.2		$	1.8		Other expense
Income tax benefit	(0.8		)	(0.5		)	Income tax benefit
Total	$	2.4		$	1.3
Amortization of defined benefit pension and postretirement plan items:
Amortization of prior service cost	(3.0		)	(2.2		)	Pension expense
Amortization of net actuarial loss	17.1			10.2			Pension expense
Total before tax	14.1			8.0
Income tax benefit	(5.2		)	(3.1		)	Income tax benefit
Total	$	8.9		$	4.9