XML 70 R19.htm IDEA: XBRL DOCUMENT v3.20.1
ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Mar. 28, 2020
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 other
 
Unrealized (losses) gains on cash flow hedges, net of tax
 
Unrealized gains (losses) on net investment hedges, net of tax
 
Pension (losses) gains, net of tax
 
Total
Balance - December 28, 2019
 
$
(1,517.2
)
 
$
(54.2
)
 
$
97.3

 
$
(410.5
)
 
$
(1,884.6
)
Other comprehensive (loss) income before reclassifications
 
(258.4
)
 
(58.7
)
 
43.0

 
14.1

 
(260.0
)
Reclassification adjustments to earnings
 
—

 
1.4

 
(4.1
)
 
3.9

 
1.2

Net other comprehensive (loss) income
 
(258.4
)
 
(57.3
)
 
38.9

 
18.0

 
(258.8
)
Balance - March 28, 2020
 
$
(1,775.6
)
 
$
(111.5
)
 
$
136.2

 
$
(392.5
)
 
$
(2,143.4
)


(Millions of Dollars)
 
Currency translation adjustment and other
 
Unrealized (losses) gains on cash flow hedges, net of tax
 
Unrealized gains (losses) on net investment hedges, net of tax
 
Pension (losses) gains, net of tax
 
Total
Balance - December 29, 2018
 
$
(1,481.2
)
 
$
(26.8
)
 
$
63.3

 
$
(369.6
)
 
$
(1,814.3
)
Other comprehensive (loss) income before reclassifications
 
(18.9
)
 
(4.3
)
 
29.2

 
(3.4
)
 
2.6

Reclassification adjustments to earnings
 
—

 
2.1

 
(6.6
)
 
2.9

 
(1.6
)
Net other comprehensive (loss) income
 
(18.9
)
 
(2.2
)
 
22.6

 
(0.5
)
 
1.0

Balance - March 30, 2019
 
$
(1,500.1
)
 
$
(29.0
)
 
$
85.9

 
$
(370.1
)
 
$
(1,813.3
)



The reclassifications out of Accumulated other comprehensive loss for the three months ended March 28, 2020 and March 30, 2019 were as follows:
(Millions of Dollars)
 
2020
 
2019
 
Affected line item in Consolidated Statements of Operations And Comprehensive (Loss) Income
Realized gains (losses) on cash flow hedges
 
$
2.3

 
$
(0.2
)
 
Cost of sales
Realized losses on cash flow hedges
 
(4.5
)
 
(4.0
)
 
Interest expense
Total before taxes
 
$
(2.2
)
 
$
(4.2
)
 
 
Tax effect
 
0.8

 
2.1

 
Income taxes
Realized losses on cash flow hedges, net of tax
 
$
(1.4
)
 
$
(2.1
)
 
 
 
 
 
 
 
 
 
Realized gains on net investment hedges
 
$
5.4

 
$
8.7

 
Other, net
Tax effect
 
(1.3
)
 
(2.1
)
 
Income taxes
Realized gains on net investment hedges, net of tax
 
$
4.1

 
$
6.6

 
 
 
 
 
 
 
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Actuarial losses and prior service costs / credits
 
$
(4.9
)
 
$
(3.8
)
 
Other, net
Tax effect
 
1.0

 
0.9

 
Income taxes
Amortization of defined benefit pension items, net of tax
 
$
(3.9
)
 
$
(2.9
)