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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 30, 2019
Equity [Abstract]  
Net Changes in Accumulated OCI by Component, Net of Tax
The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended March 30, 2019:
(Amounts in millions)
Foreign
Currency
Translation
 
Cash Flow
Hedges
 
Defined
Benefit
Pension and
Postretirement
Plans
 
Total
Balance as of December 29, 2018
$
(177.9
)
 
$
12.2

 
$
(296.5
)
 
$
(462.2
)
Impact of the Tax Act on Accumulated Other Comprehensive Income (ASU No. 2018-02)

 

 
(45.9
)
 
(45.9
)
Balance at December 30, 2018
(177.9
)
 
12.2

 
(342.4
)
 
(508.1
)
Other comprehensive income before reclassifications
7.6

 

 

 
7.6

Amounts reclassified from Accumulated OCI

 
(0.4
)
 
4.5

 
4.1

Net other comprehensive income (loss)
7.6

 
(0.4
)
 
4.5

 
11.7

Balance as of March 30, 2019
$
(170.3
)
 
$
11.8

 
$
(337.9
)
 
$
(496.4
)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended March 31, 2018:
(Amounts in millions)
Foreign
Currency
Translation
 
Cash Flow
Hedges
 
Defined
Benefit
Pension and
Postretirement
Plans
 
Total
Balance as of December 30, 2017
$
(82.5
)
 
$
14.5

 
$
(261.0
)
 
$
(329.0
)
Other comprehensive income (loss) before reclassifications
39.1

 
(0.8
)
 

 
38.3

Amounts reclassified from Accumulated OCI

 
(0.5
)
 
5.8

 
5.3

Net other comprehensive income (loss)
39.1

 
(1.3
)
 
5.8

 
43.6

Balance as of March 31, 2018
$
(43.4
)
 
$
13.2

 
$
(255.2
)
 
$
(285.4
)

Reclassifications Out of Accumulated OCI
The reclassifications out of Accumulated OCI for the three month periods ended March 30, 2019, and March 31, 2018, are as follows: 
 
 
Amount Reclassified from Accumulated OCI
 
 
 
Three Months Ended
 
 
 
 
March 30,
2019
 
March 31,
2018
 
Statement of Earnings
Presentation
(Amounts in millions)
 
 
 
 
 
 
Gains on cash flow hedges:
 
 
 
 
 
 
Treasury locks
 
$
0.4

 
$
0.5

 
Interest expense
Income tax expense
 

 

 
Income tax expense
Net of tax
 
0.4

 
0.5

 
 
 
 
 
 
 
 
 
Amortization of net unrecognized losses and prior service credits
 
(5.8
)
 
(7.6
)
 
See footnote below*
Income tax benefit
 
1.3

 
1.8

 
Income tax expense
Net of tax
 
(4.5
)
 
(5.8
)
 
 
Total reclassifications for the period, net of tax
 
$
(4.1
)
 
$
(5.3
)
 
 
 
 
 
*
These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 10 and Note 11 for further information.