Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Apr. 04, 2021

The changes in AOCI by component, net of tax, for the first quarter ended April 4, 2021 and March 29, 2020 are as follows (in millions):


	Foreign Currency Translation		Cash Flow Hedges and Other		Pension and Postretirement Benefits		Total
Balance as of January 3, 2021	$	(84.6)	$	2.3	$	(347.8)	$	(430.1)
Other comprehensive income before reclassifications	1.0		9.5		—		10.5
Amounts reclassified from AOCI	—		(9.6)		4.3		(5.3)
Net other comprehensive income (loss)	1.0		(0.1)		4.3		5.2

Balance as of April 4, 2021	$	(83.6)	$	2.2	$	(343.5)	$	(424.9)

	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	(61.3)		(3.6)		—		(64.9)
Amounts reclassified from AOCI	—		(2.3)		3.5		1.2
Net other comprehensive income (loss)	(61.3)		(5.9)		3.5		(63.7)

Balance as of March 29, 2020	$	(211.7)	$	(8.2)	$	(319.6)	$	(539.5)

The reclassifications out of AOCI to net income for the first quarter ended April 4, 2021 and March 29, 2020 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
	April 4, 2021		March 29, 2020		Presentation
(Gain) loss on cash flow hedges:
Gain recognized in income on derivatives	$	(12.9)	$	(3.1)	See Note 4
Income tax impact	3.3		0.8		Provision for income taxes
Total	$	(9.6)	$	(2.3)

Amortization of defined benefit pension and postretirement plan items:
Amortization of prior service cost	$	(0.9)	$	(1.5)	Costs and expenses
Amortization of net actuarial loss	6.6		6.0		Costs and expenses
Total before tax	5.7		4.5
Income tax impact	(1.4)		(1.0)		Provision for income taxes
Total	$	4.3	$	3.5