Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 28, 2020

The changes in AOCI by component, net of tax, for the second quarter ended June 28, 2020 and June 30, 2019 are as follows (in millions):


	Foreign Currency Translation		Cash Flow Hedges and Other		Pension and Postretirement Benefits		Total
Balance as of March 29, 2020	$	(211.7)	$	(8.2)	$	(319.6)	$	(539.5)
Other comprehensive income/(loss) before reclassifications	1.4		(0.2)		—		1.2
Amounts reclassified from AOCI	—		4.1		3.2		7.3
Net other comprehensive income	1.4		3.9		3.2		8.5

Balance as of June 28, 2020	$	(210.3)	$	(4.3)	$	(316.4)	$	(531.0)

	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 December 29, 2019	$	(150.4)	$	(2.3)	$	(323.1)	$	(475.8)
Other comprehensive loss before reclassifications	(59.9)		(3.8)		—		(63.7)
Amounts reclassified from AOCI	—		1.8		6.7		8.5
Net other comprehensive income/(loss)	(59.9)		(2.0)		6.7		(55.2)
Balance as of June 28, 2020	$	(210.3)	$	(4.3)	$	(316.4)	$	(531.0)

	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)

The reclassifications out of AOCI to net income for the second quarter and six months ended June 28, 2020 and June 30, 2019 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 28, 2020		June 30, 2019		Presentation
(Gain) loss on cash flow hedges:
(Gain) loss recognized in income on derivatives	$	5.5	$	1.1	See Note 4
Income tax impact	(1.4)		(0.3)		Provision for income taxes
Total	$	4.1	$	0.8

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	5.7		7.9		Costs and expenses
Total before tax	4.2		6.4
Income tax impact	(1.0)		(1.5)		Provision for income taxes
Total	$	3.2	$	4.9


	Amount Reclassified from AOCI for the Six Months Ended		Amount Reclassified from AOCI for the Six Months Ended		Statement of Income
	June 28, 2020		June 30, 2019		Presentation
(Gain) loss on cash flow hedges:
(Gain) loss recognized in income on derivatives	$	2.4	$	(0.9)	See Note 4
Income tax impact	(0.6)		0.3		Provision for income taxes
Total	$	1.8	$	(0.6)

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	11.7		15.5		Costs and expenses
Total before tax	8.7		12.5
Income tax impact	(2.0)		(3.0)		Provision for income taxes
Total	$	6.7	$	9.5