Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Apr. 02, 2016

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Note 10—Accumulated Other Comprehensive (Loss) Income

Changes in accumulated other comprehensive (loss) income (“AOCI”) by component for the three months ended April 2, 2016 were as follows:

	April 2, 2016
	Gains and Losses			Pension			Currency
	on Derivative			Benefit			Translation
(in millions of U.S. dollars)1	Instruments			Plan Items			Adjustment Items			Total
Beginning balance January 2, 2016	$	(4.7	)	$	(10.1	)	$	(61.4	)	$	(76.2	)
OCI before reclassifications		1.5			—			(3.2	)		(1.7	)
Amounts reclassified from AOCI		(1.0	)		0.1			—			(0.9	)
Net current-period OCI		0.5			0.1			(3.2	)		(2.6	)
Ending balance April 2, 2016	$	(4.2	)	$	(10.0	)	$	(64.6	)	$	(78.8	)

^1. All amounts are net of tax. Amounts in parentheses indicate debits.

The following table summarizes the amounts reclassified from AOCI for the three months ended April 2, 2016 and April 4, 2015, respectively.

(in millions of U.S. dollars)	For the Three Months Ended						Affected Line Item in the Statement
Details About AOCI Components1	April 2, 2016			April 4, 2015			Where Net Income Is Presented
Gains and losses on derivative instruments Foreign currency and commodity hedges	$	1.6		$	0.3		Cost of sales
	$	1.6		$	0.3		Total before taxes
		(0.6	)		(0.1	)	Tax (expense) or benefit
	$	1.0		$	0.2		Net of tax
Amortization of pension benefit plan items Prior service costs 2	$	(0.1	)	$	(0.1	)	Cost of sales
		(0.1	)		(0.1	)	Total before taxes
		—			—		Tax (expense) or benefit
	$	(0.1	)	$	(0.1	)	Net of tax
Total reclassifications for the period	$	0.9		$	0.1		Net of tax

^1. Amounts in parenthesis indicate debits.

^2. These AOCI components are included in the computation of net periodic pension cost.