The following table summarizes the reclassifications from accumulated other comprehensive income (loss) into income:
|
|
Thirteen Weeks Ended |
|
|
Affected Line Item in the Condensed Consolidated
Statement of Earnings1 |
|
|
November 28, 2021 |
|
|
November 29, 2020 |
|
|
|
Net derivative adjustments: |
|
|
|
|
|
|
|
|
|
|
Cash flow hedges |
|
$ |
(0.7 |
) |
|
$ |
(0.7 |
) |
|
Interest expense, net |
Cash flow hedges |
|
|
— |
|
|
|
(0.5 |
) |
|
Selling, general and administrative expenses |
Cash flow hedges |
|
|
0.4 |
|
|
|
— |
|
|
Equity method investment earnings |
|
|
|
(0.3 |
) |
|
|
(1.2 |
) |
|
Total before tax |
|
|
|
— |
|
|
|
0.3 |
|
|
Income tax expense |
|
|
$ |
(0.3 |
) |
|
$ |
(0.9 |
) |
|
Net of tax |
Pension and postretirement liabilities: |
|
|
|
|
|
|
|
|
|
|
Net prior service cost |
|
$ |
0.1 |
|
|
$ |
0.1 |
|
|
Pension and postretirement non-service income |
Net actuarial gain |
|
|
(1.0 |
) |
|
|
(0.9 |
) |
|
Pension and postretirement non-service income |
|
|
|
(0.9 |
) |
|
|
(0.8 |
) |
|
Total before tax |
|
|
|
0.3 |
|
|
|
0.2 |
|
|
Income tax expense |
|
|
$ |
(0.6 |
) |
|
$ |
(0.6 |
) |
|
Net of tax |
|
|
Twenty-Six Weeks Ended |
|
|
Affected Line Item in the Condensed Consolidated
Statement of Earnings1 |
|
|
November 28, 2021 |
|
|
November 29, 2020 |
|
|
|
Net derivative adjustment, net of tax: |
|
|
|
|
|
|
|
|
|
|
Cash flow hedges |
|
$ |
(1.5 |
) |
|
$ |
(1.6 |
) |
|
Interest expense, net |
Cash flow hedges |
|
|
— |
|
|
|
(0.5 |
) |
|
Selling, general and administrative expenses |
Cash flow hedges |
|
|
0.9 |
|
|
|
— |
|
|
Equity method investment earnings |
|
|
|
(0.6 |
) |
|
|
(2.1 |
) |
|
Total before tax |
|
|
|
0.1 |
|
|
|
0.5 |
|
|
Income tax expense |
|
|
$ |
(0.5 |
) |
|
$ |
(1.6 |
) |
|
Net of tax |
Pension and postretirement liabilities: |
|
|
|
|
|
|
|
|
|
|
Net prior service cost |
|
$ |
0.1 |
|
|
$ |
0.2 |
|
|
Pension and postretirement non-service income |
Net actuarial gain |
|
|
(1.8 |
) |
|
|
(1.8 |
) |
|
Pension and postretirement non-service income |
|
|
|
(1.7 |
) |
|
|
(1.6 |
) |
|
Total before tax |
|
|
|
0.5 |
|
|
|
0.4 |
|
|
Income tax expense |
|
|
$ |
(1.2 |
) |
|
$ |
(1.2 |
) |
|
Net of tax |
1Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.
|