XML 37 R24.htm IDEA: XBRL DOCUMENT v3.20.2
General (Tables)
9 Months Ended
Oct. 02, 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 AdjustmentsPension & Postretirement Plan Benefit AdjustmentsUnrealized Gain (Loss) on Available-For-Sale Securities AdjustmentsCash Flow Hedge AdjustmentsTotal
For the Three-Month Period Ended October 2, 2020:
Balance, July 3, 2020$(1,250.5)$(765.4)$0.3 $152.5 $(1,863.1)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)908.9 — — (304.9)604.0 
Income tax impact13.9 — — 47.8 61.7 
Other comprehensive income (loss) before reclassifications, net of income taxes922.8 — — (257.1)665.7 
Amounts reclassified from accumulated other comprehensive income (loss):
Increase— 11.6 (a)— 167.5 (b)179.1 
Income tax impact— (2.7)— (0.1)(2.8)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes— 8.9 — 167.4 176.3 
Net current period other comprehensive income (loss), net of income taxes922.8 8.9 — (89.7)842.0 
Balance, October 2, 2020$(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 $1.2 million of accumulated other comprehensive loss attributable to noncontrolling interest.
Foreign Currency Translation AdjustmentsPension & Postretirement Plan Benefit AdjustmentsUnrealized Gain (Loss) on Available-For-Sale Securities AdjustmentsCash Flow Hedge AdjustmentsTotal
For the Nine-Month Period Ended October 2, 2020:
Balance, December 31, 2019$(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 taxes1,845.6 — 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 taxes1,845.6 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.