EQUITY

3 Months Ended

Mar. 29, 2015

Equity [Abstract]

SHAREHOLDERS' EQUITY

EQUITY 

Other Comprehensive Income (Loss)

The following tables present changes in the accumulated balances for each component of other comprehensive income (loss) and the related effects on net income of amounts reclassified out of other comprehensive income (loss).

	Three Months Ended
	April 3, 2016									March 29, 2015
	Before Tax			Tax			After Tax			Before Tax			Tax			After Tax
	(in millions)
Foreign currency translation:
Translation adjustment arising during the period	$	33.7		$	(0.2	)	$	33.5		$	(95.0	)	$	10.7		$	(84.3	)
Pension accounting:
Amortization of actuarial losses and prior service credits reclassified to cost of sales	1.2			(0.6		)	0.6			1.0			(0.4		)	0.6
Amortization of actuarial losses and prior service credits reclassified to SG&A	1.1			(0.5		)	0.6			0.2			(0.1		)	0.1
Hedge accounting:
Gains arising during the period	12.8			(4.6		)	8.2			99.5			(39.1		)	60.4
Gains reclassified to sales	(4.3		)	1.8			(2.5		)	(82.4		)	32.1			(50.3		)
Losses reclassified to cost of sales	11.7			(4.4		)	7.3			23.8			(9.4		)	14.4
Total other comprehensive income (loss)	$	56.2		$	(8.5	)	$	47.7		$	(52.9	)	$	(6.2	)	$	(59.1	)

Dividend

We paid a $73.6 million dividend during the current quarter to our parent company, recorded as a reduction to retained earnings.