Accumulated Other Comprehensive Loss

3 Months Ended

Apr. 02, 2017

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive income/(loss) (“AOCI”) by component, net of tax, for the first quarter ended April 2, 2017 and April 3, 2016 are as follows (in millions):

	Foreign Currency Translation			Cash Flow Hedges and Other			Pension and Postretirement Benefits			Total
Balance as of January 1, 2017	$	(198.8	)	$	(2.8	)	$	(249.6	)	$	(451.2	)
Other comprehensive income before reclassifications	4.0			0.3			—			4.3
Amounts reclassified from AOCI	—			(0.5		)	3.5			3.0
Net other comprehensive income (loss)	4.0			(0.2		)	3.5			7.3
Balance as of April 2, 2017	$	(194.8	)	$	(3.0	)	$	(246.1	)	$	(443.9	)
	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	)

The reclassifications out of AOCI for the first quarter ended April 2, 2017 and April 3, 2016 are as follows (in millions):

	Amount Reclassified from AOCI Three Months Ended			Amount Reclassified from AOCI Three Months Ended			Statement of Income
	April 2, 2017			April 3, 2016			Presentation
Loss on cash flow hedges:
Loss recognized in income on derivatives	$	(0.6	)	$	2.2		Cost of sales
Income tax benefit	0.1			(0.6		)	Income tax benefit
Total	$	(0.5	)	$	1.6
Amortization of defined benefit pension and postretirement plan items:
Amortization of prior service cost	$	(1.6	)	$	(1.5	)	Costs and expenses
Amortization of net actuarial loss	7.2			7.1			Costs and expenses
Total before tax	5.6			5.6
Income tax benefit	(2.1		)	(2.0		)	Income tax benefit
Total	$	3.5		$	3.6