XML 60 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Accumulated Other Comprehensive (Loss) Income (Tables)
 3 Months Ended
Mar. 30, 2019
Equity [Abstract]  
Changes in Accumulated Other Comprehensive (Loss) Income by Component
Changes in accumulated other comprehensive (loss) income (“AOCI”) by component for the three months ended March 30, 2019 and March 31, 2018 were as follows:
(in millions of U.S. dollars) 1
Gains and Losses
on Derivative
Instruments
 
Pension
Benefit
Plan Items
 
Currency
Translation
Adjustment Items
 
Total
Beginning balance December 30, 2017
$
(1.4
)
 
$
(16.8
)
 
$
(76.2
)
 
$
(94.4
)
OCI before reclassifications
(4.7
)
 
—

 
(1.1
)
 
(5.8
)
Amounts reclassified from AOCI
0.9

 
16.9

 
9.4

 
27.2

Net current-period OCI
(3.8
)
 
16.9

 
8.3

 
21.4

Ending balance March 31, 2018
$
(5.2
)
 
$
0.1

 
$
(67.9
)
 
$
(73.0
)
Beginning balance December 29, 2018
$
(9.7
)
 
$
0.3

 
$
(92.3
)
 
$
(101.7
)
OCI before reclassifications
(8.1
)
 
—

 
10.6

 
2.5

Amounts reclassified from AOCI
2.6

 
—

 
—

 
2.6

Net current-period OCI
(5.5
)
 
—

 
10.6

 
5.1

Ending balance March 30, 2019
$
(15.2
)
 
$
0.3

 
$
(81.7
)
 
$
(96.6
)
______________________
1
All amounts are net of tax. Amounts in parentheses indicate debits.
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income
The following table summarizes the amounts reclassified from AOCI for the three months ended March 30, 2019 and March 31, 2018, respectively:

(in millions of U.S. dollars)
For the Three Months Ended
 
Affected Line Item in the Statement Where Net Income Is Presented
Details About AOCI Components 1
March 30, 2019
 
March 31, 2018
 
Gains and losses on derivative instruments
 
 
 
 
 
Foreign currency and commodity hedges
$
(2.6
)
 
$
(0.9
)
 
Cost of sales
 
(2.6
)
 
(0.9
)
 
Total before taxes
 
—

 
—

 
Tax expense or (benefit)
 
$
(2.6
)
 
$
(0.9
)
 
Net of tax
Amortization of pension benefit plan items

 

 
 
Recognized net actuarial loss 2
$
—

 
$
(16.9
)
 
Gain on sale of discontinued operations
Prior service costs
—

 
—

 
Cost of sales
 
—

 
(16.9
)
 
Total before taxes
 
—

 
—

 
Tax expense or (benefit)
 
$
—

 
$
(16.9
)
 
Net of tax
Foreign currency translation adjustments
$
—

 
$
(9.4
)
 
Gain on sale of discontinued operations
Total reclassifications for the period
$
(2.6
)
 
$
(27.2
)
 
Net of tax
______________________
1
Amounts in parentheses indicate debits.
2
Net of $3.6 million of associated tax impact that resulted in an increase to the gain on the sale of discontinued operations for the three months ended March 31, 2018.