XML 41 R20.htm IDEA: XBRL DOCUMENT v3.6.0.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss:
(Millions of Dollars)
Currency translation adjustment and other
 
Unrealized (losses) gains on cash flow hedges, net of tax
 
Unrealized (losses) gains on net investment hedges, net of tax
 
Pension (losses) gains, net of tax
 
Total
Balance - January 3, 2015
$
(796.8
)
 
$
(50.9
)
 
$
(37.2
)
 
$
(385.3
)
 
$
(1,270.2
)
Other comprehensive (loss) income before reclassifications
(504.1
)
 
21.2

 
49.0

 
21.3

 
(412.6
)
Reclassification adjustments to earnings
—

 
(22.4
)
 
—

 
11.0

 
(11.4
)
Net other comprehensive (loss) income
(504.1
)
 
(1.2
)
 
49.0

 
32.3

 
(424.0
)
Balance - January 2, 2016
(1,300.9
)
 
(52.1
)
 
11.8

 
(353.0
)
 
(1,694.2
)
Other comprehensive (loss) income before reclassifications
(285.4
)
 
9.1

 
76.8

 
(36.3
)
 
(235.8
)
Reclassification adjustments to earnings
—

 
(3.3
)
 
—

 
12.1

 
8.8

Net other comprehensive (loss) income
(285.4
)
 
5.8

 
76.8

 
(24.2
)
 
(227.0
)
Balance - December 31, 2016
$
(1,586.3
)
 
$
(46.3
)
 
$
88.6

 
$
(377.2
)
 
$
(1,921.2
)

(Millions of Dollars)
 
2016
 
2015
 
 
Components of accumulated other comprehensive loss
 
Reclassification adjustments
 
Reclassification adjustments
 
Affected line item in Consolidated Statements of Operations
Realized gains on cash flow hedges
 
$
21.7

 
$
57.4

 
Cost of sales
Realized losses on cash flow hedges
 
(15.1
)
 
(15.1
)
 
Interest Expense
Total before taxes
 
$
6.6

 
$
42.3

 
 
Tax effect
 
(3.3
)
 
(19.9
)
 
Income taxes on continuing operations
Realized gains on cash flow hedges, net of tax
 
$
3.3

 
$
22.4

 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Actuarial losses and prior service costs / credits
 
$
(10.4
)
 
$
(9.7
)
 
Cost of sales
Actuarial losses and prior service costs / credits
 
(6.9
)
 
(6.4
)
 
Selling, general and administrative
Total before taxes
 
(17.3
)
 
(16.1
)
 
 
Tax effect
 
5.2

 
5.1

 
Income taxes on continuing operations
Amortization of defined benefit pension items, net of tax
 
$
(12.1
)
 
$
(11.0
)