XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The changes in AOCI by component, net of tax, for the second quarter and six months ended June 30, 2019 and July 1, 2018 are as follows (in millions):
 
Foreign Currency Translation
 
Cash Flow Hedges and Other
 
Pension and Postretirement Benefits
 
Total
Balance as of March 31, 2019
$
(164.5
)
 
$
(3.1
)
 
$
(302.2
)
 
$
(469.8
)
   Other comprehensive income/(loss) before reclassifications
(4.6
)
 
0.5

 
—

 
(4.1
)
   Amounts reclassified from AOCI
—

 
0.8

 
4.9

 
5.7

Net other comprehensive income/(loss)
(4.6
)
 
1.3

 
4.9

 
1.6

Balance as of June 30, 2019
$
(169.1
)
 
$
(1.8
)
 
$
(297.3
)
 
$
(468.2
)
 
 
 
 
 
 
 
 
 
Foreign Currency Translation
 
Cash Flow Hedges and Other
 
Pension and Postretirement Benefits
 
Total
Balance as of April 1, 2018
$
(84.8
)
 
$
(1.1
)
 
$
(271.1
)
 
$
(357.0
)
   Other comprehensive income/(loss) before reclassifications
(59.3
)
 
2.6

 
—

 
(56.7
)
   Amounts reclassified from AOCI
—

 
(5.5
)
 
5.1

 
(0.4
)
Net other comprehensive income/(loss)
(59.3
)
 
(2.9
)
 
5.1

 
(57.1
)
Balance as of July 1, 2018
$
(144.1
)
 
$
(4.0
)
 
$
(266.0
)
 
$
(414.1
)




 
Foreign Currency Translation
 
Cash Flow Hedges and Other
 
Pension and Postretirement Benefits
 
Total
Balance as of December 30, 2018
$
(181.5
)
 
$
(4.9
)
 
$
(306.8
)
 
$
(493.2
)
   Other comprehensive income before reclassifications
12.4

 
3.7

 
—

 
16.1

   Amounts reclassified from AOCI
—

 
(0.6
)
 
9.5

 
8.9

Net other comprehensive income
12.4

 
3.1

 
9.5

 
25.0

Balance as of June 30, 2019
$
(169.1
)
 
$
(1.8
)
 
$
(297.3
)
 
$
(468.2
)
 
 
 
 
 
 
 
 
 
Foreign Currency Translation
 
Cash Flow Hedges and Other
 
Pension and Postretirement Benefits
 
Total
Balance as of December 31, 2017
(102.0
)
 
0.5

 
(227.8
)
 
(329.3
)
   Other comprehensive loss before reclassifications
(42.1
)
 
—

 
—

 
(42.1
)
   Amounts reclassified from AOCI
—

 
(4.5
)
 
9.4

 
4.9

Net other comprehensive income/(loss)
(42.1
)
 
(4.5
)
 
9.4

 
(37.2
)
Reclassification of income tax effects for ASU 2018-02
—

 
—

 
(47.6
)
 
(47.6
)
Balance as of July 1, 2018
(144.1
)
 
(4.0
)
 
(266.0
)
 
(414.1
)

The reclassifications out of AOCI to net income for the second quarter and six months ended June 30, 2019 and July 1, 2018 are as follows (in millions):
 
Amount Reclassified from AOCI for the Three Months Ended
 
Amount Reclassified from AOCI for the Three Months Ended
Statement of Income
 
June 30, 2019
 
July 1, 2018
Presentation
(Gain) loss on cash flow hedges:
 
 
 
 
(Gain) loss recognized in income on derivatives
$
1.1

 
$
(7.4
)
See Note 4
Income tax impact
(0.3
)
 
1.9

Provision for income taxes
Total
$
0.8

 
$
(5.5
)
 
 
 
 
 
 
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
7.9

 
8.1

Costs and expenses
Total before tax
6.4

 
6.6

 
Income tax impact
(1.5
)
 
(1.5
)
Provision for income taxes
Total
$
4.9

 
$
5.1

 

 
Amount Reclassified from AOCI Six Months Ended
 
Amount Reclassified from AOCI Six Months Ended
Statement of Income
 
June 30, 2019
 
July 1, 2018
Presentation
Gain on cash flow hedges:
 
 
 
 
Gain recognized in income on derivatives
$
(0.9
)
 
$
(6.1
)
See Note 4
Income tax impact
0.3

 
1.6

Provision for income taxes
Total
$
(0.6
)
 
$
(4.5
)
 
 
 
 
 
 
Amortization of defined benefit pension and postretirement plan items:
 
 
 
 
Amortization of prior service cost
(3.0
)
 
(3.0
)
Costs and expenses
Amortization of net actuarial loss
15.5

 
15.4

Costs and expenses
Total before tax
12.5

 
12.4

 
Income tax impact
$
(3.0
)
 
$
(3.0
)
Provision for income taxes
Total
$
9.5

 
$
9.4