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General (Tables)
6 Months Ended
Jul. 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components Of Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments generally relate to indefinite investments in non-U.S. subsidiaries, as well as the impact from the Company’s hedges of its net investment in foreign operations, including the Company’s cross-currency swap derivatives, net of any income tax impacts.
 
Foreign Currency Translation Adjustments
 
Pension & Postretirement Plan Benefit Adjustments
 
Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments
 
Cash Flow Hedge Adjustments
 
Total
For the Three-Month Period Ended July 3, 2020:
 
 
Balance, April 3, 2020
$
(2,327.2
)
 
$
(773.3
)
 
$
(0.1
)
 
$
309.3

 
$
(2,791.3
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
Increase (decrease)
1,070.6

 

 
0.5

 
(354.3
)
 
716.8

Income tax impact
6.1

 

 
(0.1
)
 
74.4

 
80.4

Other comprehensive income (loss) before reclassifications, net of income taxes
1,076.7

 

 
0.4

 
(279.9
)
 
797.2

Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Increase

 
10.4

(a)

 
155.8

(b)
166.2

Income tax impact

 
(2.5
)
 

 
(32.7
)
 
(35.2
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes

 
7.9

 

 
123.1

 
131.0

Net current period other comprehensive income (loss), net of income taxes
1,076.7

 
7.9

 
0.4

 
(156.8
)
 
928.2

Balance, July 3, 2020
$
(1,250.5
)
 
$
(765.4
)
 
$
0.3

 
$
152.5

 
$
(1,863.1
)
 
 
 
 
 
 
 
 
 
 
For the Three-Month Period Ended June 28, 2019:
 
 
Balance, March 29, 2019
$
(2,108.9
)
 
$
(685.7
)
 
$
(1.5
)
 
$

 
$
(2,796.1
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
(Decrease) increase
(51.9
)
 

 
0.7

 
(8.9
)
 
(60.1
)
Income tax impact
5.4

 

 
(0.2
)
 
2.1

 
7.3

Other comprehensive income (loss) before reclassifications, net of income taxes
(46.5
)
 

 
0.5

 
(6.8
)
 
(52.8
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Increase

 
6.1

(a)

 

 
6.1

Income tax impact

 
(1.5
)
 

 

 
(1.5
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes

 
4.6

 

 

 
4.6

Net current period other comprehensive income (loss), net of income taxes
(46.5
)
 
4.6

 
0.5

 
(6.8
)
 
(48.2
)
Balance, June 28, 2019
$
(2,155.4
)
 
$
(681.1
)
 
$
(1.0
)
 
$
(6.8
)
 
$
(2,844.3
)
(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost. Refer to Notes 9 and 11 for additional details.
(b) Reflects reclassification to earnings related to hedges of certain long-term debt (refer to Note 8 for additional details).
 
Foreign Currency Translation Adjustments
 
Pension & Postretirement Plan Benefit Adjustments
 
Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments
 
Cash Flow Hedge Adjustments
 
Total
For the Six-Month Period Ended July 3, 2020:
 
 
Balance, December 31, 2019
$
(2,173.3
)
 
$
(781.5
)
 
$
(0.7
)
 
$
(112.8
)
 
$
(3,068.3
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
Increase
939.1

 

 
1.2

 
296.5

 
1,236.8

Income tax impact
(16.3
)
 

 
(0.2
)
 
(44.5
)
 
(61.0
)
Other comprehensive income (loss) before reclassifications, net of income taxes
922.8

 

 
1.0

 
252.0

 
1,175.8

Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Increase

 
21.2

(a)

 
17.0

(b)
38.2

Income tax impact

 
(5.1
)
 

 
(3.7
)
 
(8.8
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes

 
16.1

 

 
13.3

 
29.4

Net current period other comprehensive income (loss), net of income taxes
922.8

 
16.1

 
1.0

 
265.3

 
1,205.2

Balance, July 3, 2020
$
(1,250.5
)
 
$
(765.4
)
 
$
0.3

 
$
152.5

 
$
(1,863.1
)
 
 
 
 
 
 
 
 
 
 
For the Six-Month Period Ended June 28, 2019:
 
 
Balance, December 31, 2018
$
(2,098.1
)
 
$
(691.1
)
 
$
(1.9
)
 
$

 
$
(2,791.1
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
(Decrease) increase
(59.2
)
 

 
1.2

 
(8.9
)
 
(66.9
)
Income tax impact
1.9

 

 
(0.3
)
 
2.1

 
3.7

Other comprehensive income (loss) before reclassifications, net of income taxes
(57.3
)
 

 
0.9

 
(6.8
)
 
(63.2
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Increase

 
13.2

(a)

 

 
13.2

Income tax impact

 
(3.2
)
 

 

 
(3.2
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes

 
10.0

 

 

 
10.0

Net current period other comprehensive income (loss), net of income taxes
(57.3
)
 
10.0

 
0.9

 
(6.8
)
 
(53.2
)
Balance, June 28, 2019
$
(2,155.4
)
 
$
(681.1
)
 
$
(1.0
)
 
$
(6.8
)
 
$
(2,844.3
)
(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost. Refer to Note 9 and 11 for additional details.
(b) Reflects reclassification to earnings related to hedges of certain long-term debt (refer to Note 8 for additional details).