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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Loss
ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss:
(Millions of Dollars)
 
Currency translation adjustment and other1
 
Unrealized gains (losses) on cash flow hedges, net of tax
 
Unrealized gains (losses) on net investment hedges, net of tax
 
Pension gains (losses), net of tax
 
Total
Balance - December 30, 2017
 
$
(1,108.2
)
 
$
(112.6
)
 
$
3.4

 
$
(371.7
)
 
$
(1,589.1
)
Other comprehensive (loss) income before reclassifications
 
(294.9
)
 
43.6

 
49.3

 
7.1

 
(194.9
)
Reclassification adjustments to earnings
 
—

 
11.7

 
(5.9
)
 
5.8

 
11.6

Net other comprehensive (loss) income
 
(294.9
)
 
55.3

 
43.4

 
12.9

 
(183.3
)
Balance - June 30, 2018
 
$
(1,403.1
)
 
$
(57.3
)
 
$
46.8

 
$
(358.8
)
 
$
(1,772.4
)

1Certain prior year amounts have been recast as a result of the adoption of the new revenue standard. Refer to Note B, New Accounting Standards, for further discussion.

(Millions of Dollars)
 
Currency translation adjustment and other1
 
Unrealized gains (losses) on cash flow hedges, net of tax
 
Unrealized gains (losses) on net investment hedges, net of tax
 
Pension gains (losses), net of tax
 
Total
Balance - December 31, 2016
 
$
(1,586.7
)
 
$
(46.3
)
 
$
88.6

 
$
(377.2
)
 
$
(1,921.6
)
Other comprehensive income (loss) before reclassifications
 
298.0

 
(44.7
)
 
(57.8
)
 
(20.3
)
 
175.2

Adjustments related to sales of businesses
 
4.7

 
—

 
—

 
2.6

 
7.3

Reclassification adjustments to earnings
 
—

 
(1.4
)
 
—

 
14.9

 
13.5

Net other comprehensive income (loss)
 
302.7

 
(46.1
)
 
(57.8
)
 
(2.8
)
 
196.0

Balance - July 1, 2017
 
$
(1,284.0
)
 
$
(92.4
)
 
$
30.8

 
$
(380.0
)
 
$
(1,725.6
)

1Certain prior year amounts have been recast as a result of the adoption of the new revenue standard. Refer to Note B, New Accounting Standards, for further discussion.

The reclassifications out of Accumulated other comprehensive loss for the six months ended June 30, 2018 and July 1, 2017 were as follows:
(Millions of Dollars)
 
2018
 
2017
 
Affected line item in Consolidated Statements of Operations And Comprehensive Income
Realized gains (losses) on cash flow hedges
 
$
(12.0
)
 
$
9.7

 
Cost of sales
Realized gains (losses) on cash flow hedges
 
(7.6
)
 
(7.6
)
 
Interest expense
Total before taxes
 
$
(19.6
)
 
$
2.1

 
 
Tax effect
 
7.9

 
(0.7
)
 
Income taxes
Realized gains (losses) on cash flow hedges, net of tax
 
$
(11.7
)
 
$
1.4

 
 
 
 
 
 
 
 
 
Realized gains (losses) on net investment hedges
 
$
7.5

 
$
—

 
Other, net
Tax effect
 
(1.6
)
 
—

 
Income taxes
Realized gains (losses) on net investment hedges, net of tax
 
$
5.9

 
$
—

 
 
 
 
 
 
 
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Actuarial losses and prior service costs / credits
 
$
(7.8
)
 
$
(8.0
)
 
Other, net
Settlement loss
 
—

 
(12.8
)
 
Other, net
Total before taxes
 
$
(7.8
)
 
$
(20.8
)
 
 
Tax effect
 
2.0

 
5.9

 
Income taxes
Amortization of defined benefit pension items, net of tax
 
$
(5.8
)
 
$
(14.9
)