EQUITY

9 Months Ended

Oct. 02, 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
	October 2, 2016									September 27, 2015
	Before Tax			Tax			After Tax			Before Tax			Tax			After Tax
	(in millions)
Foreign currency translation:
Translation adjustment arising during the period	$	19.9		$	(0.1	)	$	19.8		$	(14.4	)	$	—		$	(14.4	)
Pension accounting:
Actuarial gain	—			—			—			—			—			—
Amortization of actuarial losses and prior service credits reclassified to cost of sales	1.3			(0.5		)	0.8			—			—			—
Amortization of actuarial losses and prior service credits reclassified to SG&A	1.0			(0.5		)	0.5			—			—			—
Hedge accounting:
Gains (losses) arising during the period	153.9			(59.7		)	94.2			(6.9		)	2.7			(4.2		)
Gains reclassified to sales	(50.5		)	19.6			(30.9		)	(55.3		)	21.6			(33.7		)
Losses (gains) reclassified to cost of sales	(3.2		)	1.2			(2.0		)	15.7			(6.1		)	9.6
Losses reclassified to SG&A	—			—			—			0.8			—			0.8
Losses reclassified to interest expense	0.1			—			0.1			—			—			—
Total other comprehensive income (loss)	$	122.5		$	(40.0	)	$	82.5		$	(60.1	)	$	18.2		$	(41.9	)

	Nine Months Ended
	October 2, 2016									September 27, 2015
	Before Tax			Tax			After Tax			Before Tax			Tax			After Tax
	(in millions)
Foreign currency translation:
Translation adjustment arising during the period	$	12.1		$	(0.5	)	$	11.6		$	(101.7	)	$	11.0		$	(90.7	)
Translation losses reclassified to non-operating 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	3.7			(1.7		)	2.0			1.7			(0.7		)	1.0
Amortization of actuarial losses and prior service credits reclassified to SG&A	3.1			(1.4		)	1.7			0.7			(0.3		)	0.4
Hedge accounting:
Gains arising during the period	186.9			(72.1		)	114.8			102.9			(40.5		)	62.4
Gains reclassified to sales	(61.8		)	24.0			(37.8		)	(225.3		)	87.7			(137.6		)
Losses reclassified to cost of sales	15.6			(6.1		)	9.5			60.3			(23.4		)	36.9
Losses reclassified to SG&A	—			—			—			2.4			(0.4		)	2.0
Losses reclassified to interest expense	0.1			—			0.1			—			—			—
Total other comprehensive income (loss)	$	159.7		$	(57.8	)	$	101.9		$	(28.3	)	$	(15.5	)	$	(43.8	)

Dividend

We paid dividends totaling $375.9 million for the nine months ended October 2, 2016 to our parent company, recorded as a reduction to retained earnings.