Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jul. 02, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 16: Accumulated Other Comprehensive Income (Loss)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended July 2, 2016:

(Amounts in millions)	Foreign Currency Translation			Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Total
Balance as of April 2, 2016	$	(98.6	)	$	0.6		$	(242.1	)	$	(340.1	)
Other comprehensive loss before reclassifications		(34.9	)		—			—			(34.9	)
Amounts reclassified from Accumulated OCI		—			(0.1	)		5.3			5.2
Net other comprehensive income (loss)		(34.9	)		(0.1	)		5.3			(29.7	)
Balance as of July 2, 2016	$	(133.5	)	$	0.5		$	(236.8	)	$	(369.8	)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the first six months of fiscal 2016:

(Amounts in millions)	Foreign Currency Translation			Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Total
Balance as of January 2, 2016	$	(118.5	)	$	0.7		$	(246.4	)	$	(364.2	)
Other comprehensive loss before reclassifications		(15.0	)		—			—			(15.0	)
Amounts reclassified from Accumulated OCI		—			(0.2	)		9.6			9.4
Net other comprehensive income (loss)		(15.0	)		(0.2	)		9.6			(5.6	)
Balance as of July 2, 2016	$	(133.5	)	$	0.5		$	(236.8	)	$	(369.8	)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended July 4, 2015:

(Amounts in millions)	Foreign Currency Translation			Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Total
Balance as of April 4, 2015	$	(104.0	)	$	0.9		$	(236.1	)	$	(339.2	)
Other comprehensive income before reclassifications		30.7			—			—			30.7
Amounts reclassified from Accumulated OCI		—			(0.1	)		6.6			6.5
Net other comprehensive income (loss)		30.7			(0.1	)		6.6			37.2
Balance as of July 4, 2015	$	(73.3	)	$	0.8		$	(229.5	)	$	(302.0	)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the first six months of fiscal 2015:

(Amounts in millions)	Foreign Currency Translation			Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Total
Balance as of January 3, 2015	$	(7.7	)	$	1.0		$	(241.5	)	$	(248.2	)
Other comprehensive loss before reclassifications		(65.6	)		—			—			(65.6	)
Amounts reclassified from Accumulated OCI		—			(0.2	)		12.0			11.8
Net other comprehensive income (loss)		(65.6	)		(0.2	)		12.0			(53.8	)
Balance as of July 4, 2015	$	(73.3	)	$	0.8		$	(229.5	)	$	(302.0	)

The reclassifications out of Accumulated OCI for the three and six month periods ended July 2, 2016, and July 4, 2015, are as follows:

Details about Accumulated OCI Components	Amount Reclassified from Accumulated OCI												Statement of Earnings Presentation
	Three Months Ended						Six Months Ended
	July 2,     2016			July 4,     2015			July 2,     2016			July 4,     2015
(Amounts in millions)
Gains on cash flow hedges:
Treasury locks	$	0.1		$	0.1		$	0.2		$	0.2		Interest expense
Income tax expense		—			—			—			—		Income tax expense
Net of tax		0.1			0.1			0.2			0.2
Amortization of net unrecognized		(8.3	)		(10.4	)		(15.1	)		(19.2	)	See footnote
Income tax benefit		3.0			3.8			5.5			7.2		Income tax expense
Net of tax		(5.3	)		(6.6	)		(9.6	)		(12.0	)
Total reclassifications for the period, net of tax	$	(5.2	)	$	(6.5	)	$	(9.4	)	$	(11.8	)

* 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.