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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 29, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 16: Accumulated Other Comprehensive Income (Loss)

The following is a summary of first quarter fiscal 2014 changes in Accumulated OCI by component, net of tax:

 

(Amounts in millions)    Foreign
Currency
Translation		      Cash Flow
Hedges		     Defined
Benefit
Pension and
Postretirement
Plans		     Total  

Balance as of December 28, 2013

    $ 121.1       $ 1.3      $ (167.2 )    $ (44.8 ) 

Other comprehensive income before reclassifications

      4.7         —          —          4.7   

Amounts reclassified from Accumulated OCI

      —           (0.1 )      3.3        3.2   
  

 

 

     

 

 

    

 

 

    

 

 

  

Net other comprehensive income (loss)

      4.7         (0.1 )      3.3        7.9   
  

 

 

     

 

 

    

 

 

    

 

 

  

Balance as of March 29, 2014

    $ 125.8       $ 1.2      $ (163.9 )    $ (36.9 ) 
  

 

 

     

 

 

    

 

 

    

 

 

  

The following is a summary of first quarter fiscal 2013 changes in Accumulated OCI by component, net of tax:

 

(Amounts in millions)    Foreign
Currency
Translation		     Cash Flow
Hedges		     Defined
Benefit
Pension and
Postretirement
Plans		     Total  

Balance as of December 29, 2012

    $ 129.7      $ 1.7      $ (255.6 )    $ (124.2 ) 

Other comprehensive loss before reclassifications

      (28.2 )      —          —          (28.2 ) 

Amounts reclassified from Accumulated OCI

      —          (0.1 )      6.0        5.9   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net other comprehensive income (loss)

      (28.2 )      (0.1 )      6.0        (22.3 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of March 30, 2013

    $ 101.5      $ 1.6      $ (249.6 )    $ (146.5 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 

The reclassifications out of Accumulated OCI for the three month periods ended March 29, 2014, and March 30, 2013, are as follows:

 

     Amount Reclassified from
Accumulated OCI
Three Months Ended		      

Details about Accumulated OCI Components

    March 29,
2014		     March 30,
2013		    

Statement of Earnings Presentation
(Amounts in millions)                 

Gains on cash flow hedges:

       

Treasury locks

    $ 0.1      $ 0.1      Interest expense
     —          —        Income tax expense
  

 

 

    

 

 

    
     0.1        0.1      Net of tax
  

 

 

    

 

 

    

Amortization of net unrecognized losses and prior service credits included in net periodic pension cost

      (5.2 )      (9.5 )    See footnote below*
     1.9        3.5      Income tax expense
  

 

 

    

 

 

    
     (3.3 )      (6.0 )    Net of tax
  

 

 

    

 

 

    

Total reclassifications for the period

    $ (3.2 )    $ (5.9 )    Net of tax
  

 

 

    

 

 

    

 

*  These Accumulated OCI components are included in the computation of net periodic pension cost. See Note 10 for further information.