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 October 2, 2020: | | | | | | | | | | | Balance, July 3, 2020 | $ | (1,250.5) | | | $ | (765.4) | | | $ | 0.3 | | | $ | 152.5 | | | $ | (1,863.1) | | | Other comprehensive income (loss) before reclassifications: | | | | | | | | | | | Increase (decrease) | 908.9 | | | — | | | — | | | (304.9) | | | 604.0 | | | Income tax impact | 13.9 | | | — | | | — | | | 47.8 | | | 61.7 | | | Other comprehensive income (loss) before reclassifications, net of income taxes | 922.8 | | | — | | | — | | | (257.1) | | | 665.7 | | | Amounts reclassified from accumulated other comprehensive income (loss): | | | | | | | | | | | Increase | — | | | 11.6 | | (a) | — | | | 167.5 | | (b) | 179.1 | | | Income tax impact | — | | | (2.7) | | | — | | | (0.1) | | | (2.8) | | | Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes | — | | | 8.9 | | | — | | | 167.4 | | | 176.3 | | | Net current period other comprehensive income (loss), net of income taxes | 922.8 | | | 8.9 | | | — | | | (89.7) | | | 842.0 | | | Balance, October 2, 2020 | $ | (327.7) | | | $ | (756.5) | | | $ | 0.3 | | | $ | 62.8 | | | $ | (1,021.1) | | | | | | | | | | | | | | For the Three-Month Period Ended September 27, 2019: | | | | | | | | | | | Balance, June 28, 2019 | $ | (2,155.4) | | | $ | (681.1) | | | $ | (1.0) | | | $ | (6.8) | | | $ | (2,844.3) | | | Other comprehensive income (loss) before reclassifications: | | | | | | | | | | | (Decrease) increase | (226.8) | | | — | | | 0.6 | | | (55.1) | | | (281.3) | | | Income tax impact | (9.0) | | | — | | | (0.1) | | | 13.3 | | | 4.2 | | | Other comprehensive income (loss) before reclassifications, net of income taxes | (235.8) | | | — | | | 0.5 | | | (41.8) | | | (277.1) | | | Amounts reclassified from accumulated other comprehensive income (loss): | | | | | | | | | | | Increase | — | | | 7.5 | | (a) | — | | | — | | | 7.5 | | | Income tax impact | — | | | (1.7) | | | — | | | — | | | (1.7) | | | Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes | — | | | 5.8 | | | — | | | — | | | 5.8 | | | Net current period other comprehensive income (loss), net of income taxes | (235.8) | | | 5.8 | | | 0.5 | | | (41.8) | | | (271.3) | | (c) | Balance, September 27, 2019 | $ | (2,391.2) | | | $ | (675.3) | | | $ | (0.5) | | | $ | (48.6) | | | (3,115.6) | | | Less: accumulated other comprehensive income attributable to noncontrolling interest | | | | | | | | | (27.3) | | | Accumulated other comprehensive income attributable to controlling interest | | | | | | | | | $ | (3,088.3) | | |
(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). (c) Accumulated other comprehensive income (loss) for the three-month period ended September 27, 2019 consists of $270.1 million of accumulated other comprehensive loss attributable to controlling interest and $1.2 million of accumulated other comprehensive loss attributable to noncontrolling interest. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 Nine-Month Period Ended October 2, 2020: | | | | | | | | | | | Balance, December 31, 2019 | $ | (2,173.3) | | | $ | (781.5) | | | $ | (0.7) | | | $ | (112.8) | | | $ | (3,068.3) | | | Other comprehensive income (loss) before reclassifications: | | | | | | | | | | | Increase (decrease) | 1,848.0 | | | — | | | 1.2 | | | (8.4) | | | 1,840.8 | | | Income tax impact | (2.4) | | | — | | | (0.2) | | | 3.3 | | | 0.7 | | | Other comprehensive income (loss) before reclassifications, net of income taxes | 1,845.6 | | | — | | | 1.0 | | | (5.1) | | | 1,841.5 | | | Amounts reclassified from accumulated other comprehensive income (loss): | | | | | | | | | | | Increase | — | | | 32.8 | | (a) | — | | | 184.5 | | (b) | 217.3 | | | Income tax impact | — | | | (7.8) | | | — | | | (3.8) | | | (11.6) | | | Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes | — | | | 25.0 | | | — | | | 180.7 | | | 205.7 | | | Net current period other comprehensive income (loss), net of income taxes | 1,845.6 | | | 25.0 | | | 1.0 | | | 175.6 | | | 2,047.2 | | | Balance, October 2, 2020 | $ | (327.7) | | | $ | (756.5) | | | $ | 0.3 | | | $ | 62.8 | | | $ | (1,021.1) | | | | | | | | | | | | | | For the Nine-Month Period Ended September 27, 2019: | | | | | | | | | | | Balance, December 31, 2018 | $ | (2,098.1) | | | $ | (691.1) | | | $ | (1.9) | | | $ | — | | | $ | (2,791.1) | | | Other comprehensive income (loss) before reclassifications: | | | | | | | | | | | (Decrease) increase | (286.0) | | | — | | | 1.8 | | | (64.0) | | | (348.2) | | | Income tax impact | (7.1) | | | — | | | (0.4) | | | 15.4 | | | 7.9 | | | Other comprehensive income (loss) before reclassifications, net of income taxes | (293.1) | | | — | | | 1.4 | | | (48.6) | | | (340.3) | | | Amounts reclassified from accumulated other comprehensive income (loss): | | | | | | | | | | | Increase | — | | | 20.7 | | (a) | — | | | — | | | 20.7 | | | Income tax impact | — | | | (4.9) | | | — | | | — | | | (4.9) | | | Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes | — | | | 15.8 | | | — | | | — | | | 15.8 | | | Net current period other comprehensive income (loss), net of income taxes | (293.1) | | | 15.8 | | | 1.4 | | | (48.6) | | | (324.5) | | (c) | Balance, September 27, 2019 | $ | (2,391.2) | | | $ | (675.3) | | | $ | (0.5) | | | $ | (48.6) | | | (3,115.6) | | | Less: accumulated other comprehensive income attributable to noncontrolling interest | | | | | | | | | (27.3) | | | Accumulated other comprehensive income attributable to controlling interest | | | | | | | | | $ | (3,088.3) | | |
(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). (c) Accumulated other comprehensive income (loss) for the nine-month period ended September 27, 2019 consists of $323.3 million of accumulated other comprehensive loss attributable to controlling interest and $1.2 million of accumulated other comprehensive loss attributable to noncontrolling interest.
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