XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Accumulated Other Comprehensive Loss | 9 Months Ended
--- | ---
Sep. 30, 2017
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Stockholders’ equity includes certain items classified as accumulated other comprehensive loss, including:
• | Unrealized (loss) gain on anticipated sales hedging transactions relates to derivative instruments used to hedge the exposure related to currency exchange rates for forecasted Euro sales. These hedges are designated as cash flow hedges, and the Company defers income statement recognition of gains and losses until the hedged transaction occurs. See Note 7, Derivative Instruments for more details.
• | Unrealized (loss) gain on forward interest rate swaps hedging transactions refers to the hedging of the interest rate risk exposure associated with the variable rate commitment entered into for the Acquisition. See Note 7, Derivative Instruments for more details.
• | Foreign currency translation adjustment relates to the Company’s non-U.S. subsidiary companies that have designated a functional currency other than the U.S. dollar. The Company is required to translate the subsidiary functional currency financial statements to dollars using a combination of historical, period-end, and average foreign exchange rates. This combination of rates creates the foreign currency translation adjustment component of accumulated other comprehensive loss.
The components of accumulated other comprehensive loss (“AOCI”) for the nine-months ended September 30, 2017 and October 1, 2016 are as follows (in millions):
|  | Unrealized (loss) gain on sales hedging |  | Unrealized (loss)/ gain on forward interest rate swaps |  | Currency translation adjustments |  | Total
Balance at December 31, 2015 |  | $ | (1 | ) |  | $ | (15 | ) |  | $ | (32 | ) |  | $ | (48 | )
Other comprehensive loss before reclassifications |  | (16 | ) |  | (12 | ) |  | (1 | ) |  | (29 | )
Amounts reclassified from AOCI(1) |  | 10 |  |  | 2 |  |  | — |  |  | 12 |
Tax benefit |  | 1 |  |  | 3 |  |  | — |  |  | 4 |
Other comprehensive loss |  | (5 | ) |  | (7 | ) |  | (1 | ) |  | (13 | )
Balance at October 1, 2016 |  | $ | (6 | ) |  | $ | (22 | ) |  | $ | (33 | ) |  | $ | (61 | )
Balance at December 31, 2016 |  | $ | 6 |  |  | $ | (15 | ) |  | $ | (36 | ) |  | $ | (45 | )
Other comprehensive (loss) income before reclassifications |  | (22 | ) |  | (2 | ) |  | 2 |  |  | (22 | )
Amounts reclassified from AOCI(1) |  | 4 |  |  | 6 |  |  | — |  |  | 10 |
Tax benefit (expense) |  | 3 |  |  | (1 | ) |  | — |  |  | 2 |
Other comprehensive (loss) income |  | (15 | ) |  | 3 |  |  | 2 |  |  | (10 | )
Balance at September 30, 2017 |  | $ | (9 | ) |  | $ | (12 | ) |  | $ | (34 | ) |  | $ | (55 | )
(1) See Note 7, Derivative Instruments regarding timing of reclassifications on forward interest rate swaps.

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration