EQUITY

6 Months Ended

Jul. 03, 2016

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
	July 3, 2016									June 28, 2015
	Before Tax			Tax			After Tax			Before Tax			Tax			After Tax
	(in millions)
Foreign currency translation:
Translation adjustment arising during the period	$	(41.5	)	$	(0.2	)	$	(41.7	)	$	7.7		$	0.3		$	8.0
Translation losses reclassified to non-operating (gain) loss	—			—			—			54.6			(19.1		)	35.5
Pension accounting:
Actuarial gain	—			—			—			76.1			(29.8		)	46.3
Amortization of actuarial losses and prior service credits reclassified to cost of sales	1.2			(0.6		)	0.6			0.7			(0.3		)	0.4
Amortization of actuarial losses and prior service credits reclassified to SG&A	1.0			(0.4		)	0.6			0.5			(0.2		)	0.3
Hedge accounting:
Gains arising during the period	20.2			(7.8		)	12.4			10.3			(4.1		)	6.2
Gains reclassified to sales	(7.0		)	2.6			(4.4		)	(87.0		)	33.9			(53.1		)
Losses reclassified to cost of sales	7.1			(2.9		)	4.2			20.8			(7.9		)	12.9
Losses reclassified to SG&A	—			—			—			1.0			(0.3		)	0.7
Total other comprehensive income (loss)	$	(19.0	)	$	(9.3	)	$	(28.3	)	$	84.7		$	(27.5	)	$	57.2

	Six Months Ended
	July 3, 2016									June 28, 2015
	Before Tax			Tax			After Tax			Before Tax			Tax			After Tax
	(in millions)
Foreign currency translation:
Translation adjustment arising during the period	$	(7.8	)	$	(0.4	)	$	(8.2	)	$	(87.3	)	$	11.0		$	(76.3	)
Translation losses reclassified to non-operating (gain) loss	—			—			—			54.6			(19.1		)	35.5
Pension accounting:
Actuarial gain	—			—			—			76.1			(29.8		)	46.3
Amortization of actuarial losses and prior service credits reclassified to cost of sales	2.4			(1.2		)	1.2			1.7			(0.7		)	1.0
Amortization of actuarial losses and prior service credits reclassified to SG&A	2.1			(0.9		)	1.2			0.7			(0.3		)	0.4
Hedge accounting:
Gains arising during the period	33.0			(12.4		)	20.6			109.8			(43.2		)	66.6
Gains reclassified to sales	(11.3		)	4.4			(6.9		)	(170.0		)	66.1			(103.9		)
Losses reclassified to cost of sales	18.8			(7.3		)	11.5			44.6			(17.3		)	27.3
Losses reclassified to SG&A	—			—			—			1.6			(0.4		)	1.2
Total other comprehensive income (loss)	$	37.2		$	(17.8	)	$	19.4		$	31.8		$	(33.7	)	$	(1.9	)

Dividend

We paid dividends totaling $336.1 million for the six months ended July 3, 2016 to our parent company, recorded as a reduction to retained earnings.