Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 03, 2016

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 first quarter ended April 3, 2016 and March 29, 2015 are as follows (in millions):

	Foreign Currency Translation			Cash Flow Hedges and Other			Pension and Postretirement Benefits			Total
Balance as of January 3, 2016	$	(174.2	)	$	(6.7	)	$	(232.3	)	$	(413.2	)
Other comprehensive income before reclassifications	23.1			3.0			—			26.1
Amounts reclassified from AOCI	—			1.6			3.6			5.2
Net other comprehensive income	23.1			4.6			3.6			31.3
Balance as of April 3, 2016	$	(151.1	)	$	(2.1	)	$	(228.7	)	$	(381.9	)
	Foreign Currency Translation			Cash Flow Hedges and Other			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	)

The reclassifications out of AOCI for the first quarter ended April 3, 2016 and March 29, 2015 are as follows (in millions):

	Amount Reclassified from AOCI Three Months Ended			Amount Reclassified from AOCI Three Months Ended			Statement of Income
	April 3, 2016			March 29, 2015			Presentation
Loss on cash flow hedges:
Loss recognized in income on derivatives	$	2.2		$	1.4		Costs and expenses
Income tax benefit	(0.6		)	(0.3		)	Income tax benefit
Total	$	1.6		$	1.1
Amortization of defined benefit pension and postretirement plan items:
Amortization of prior service cost	$	(1.5	)	$	(1.5	)	Costs and expenses
Amortization of net actuarial loss	7.1			9.0			Costs and expenses
Total before tax	5.6			7.5
Income tax benefit	(2.0		)	(2.6		)	Income tax benefit
Total	$	3.6		$	4.9