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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jul. 01, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
AOCI represents net earnings and any revenue, expenses, gains and losses that, under U.S. GAAP, are excluded from net earnings and recognized directly as a component of stockholders’ equity.
The change in AOCI during the second quarter of fiscal 2017 and fiscal 2016 is as follows:
(In millions)
Foreign
currency
translation
adjustments
 
Derivatives
 
Pension
adjustments
 
Total
Balance of AOCI as of March 26, 2016
$
(42.3
)
 
$
(3.2
)
 
$
(12.0
)
 
$
(57.5
)
Other comprehensive income (loss) before reclassifications (1)
5.3

 
(3.9
)
 
—

 
1.4

Amounts reclassified from AOCI
—

 
(2.7
)
(2) 
1.2

(3) 
(1.5
)
Income tax expense (benefit)
—

 
0.8

 
(0.5
)
 
0.3

Net reclassifications
—

 
(1.9
)
 
0.7

 
(1.2
)
Net current-period other comprehensive income (loss) (1)
5.3

 
(5.8
)
 
0.7

 
0.2

Balance of AOCI as of June 18, 2016
$
(37.0
)
 
$
(9.0
)
 
$
(11.3
)
 
$
(57.3
)
 
 
 
 
 
 
 
 
Balance of AOCI as of April 1, 2017
$
(50.8
)
 
$
1.5

 
$
(28.8
)
 
$
(78.1
)
Other comprehensive income (loss) before reclassifications (1)
9.2

 
(9.6
)
 
—

 
(0.4
)
Amounts reclassified from AOCI
—

 
(1.9
)
(2) 
2.5

(3) 
0.6

Income tax expense (benefit)
—

 
0.3

 
(0.9
)
 
(0.6
)
Net reclassifications
—

 
(1.6
)
 
1.6

 
—

Net current-period other comprehensive income (loss) (1)
9.2

 
(11.2
)
 
1.6

 
(0.4
)
Balance of AOCI as of July 1, 2017
$
(41.6
)
 
$
(9.7
)
 
$
(27.2
)
 
$
(78.5
)
(1) 
Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.
(2) 
Amounts related to foreign currency derivatives are included in cost of goods sold. Amounts related to interest rate swaps and cross currency hedges are included in interest expense.
(3) 
Amounts reclassified are included in the computation of net pension expense.
The change in accumulated other comprehensive income (loss) during the first two quarters of fiscal 2017 and fiscal 2016 is as follows:
(In millions)
Foreign
currency
translation
adjustments
 
Derivatives
 
Pension
adjustments
 
Total
Balance of AOCI as of January 2, 2016
$
(47.3
)
 
$
4.0

 
$
(12.8
)
 
$
(56.1
)
Other comprehensive income (loss) before reclassifications (1)
10.3

 
(10.0
)
 
—

 
0.3

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(4.2
)
(2) 
2.3

(3) 
(1.9
)
Income tax expense (benefit)
—

 
1.2

 
(0.8
)
 
0.4

Net reclassifications
—

 
(3.0
)
 
1.5

 
(1.5
)
Net current-period other comprehensive income (loss) (1)
10.3

 
(13.0
)
 
1.5

 
(1.2
)
Balance of AOCI as of June 18, 2016
$
(37.0
)
 
$
(9.0
)
 
$
(11.3
)
 
$
(57.3
)
 
 
 
 
 
 
 
 
Balance of AOCI as of December 31, 2016
$
(53.5
)
 
$
2.8

 
$
(30.4
)
 
$
(81.1
)
Other comprehensive income (loss) before reclassifications (1)
11.9

 
(10.2
)
 
—

 
1.7

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(2.6
)
(2) 
4.9

(3) 
2.3

Income tax expense (benefit)
—

 
0.3

 
(1.7
)
 
(1.4
)
Net reclassifications
—

 
(2.3
)
 
3.2

 
0.9

Net current-period other comprehensive income (loss) (1)
11.9

 
(12.5
)
 
3.2

 
2.6

Balance of AOCI as of July 1, 2017
$
(41.6
)
 
$
(9.7
)
 
$
(27.2
)
 
$
(78.5
)
(1) 
Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.
(2) 
Amounts related to foreign currency derivatives are included in cost of goods sold. Amounts related to interest rate swaps and cross currency hedges are included in interest expense.
(3) 
Amounts reclassified are included in the computation of net pension expense.