Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Jan. 03, 2015

The following is a summary of changes in Accumulated OCI by component and net of tax for 2014 and 2013:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of 2012 year end	$	129.7	$	1.7	$	(255.6)	$	(124.2)
Other comprehensive income (loss) before reclassifications		(8.6)		–		62.9		54.3
Amounts reclassified from Accumulated OCI		–		(0.4)		25.5		25.1

Net other comprehensive income (loss)		(8.6)		(0.4)		88.4		79.4

Balance as of 2013 year end	$	121.1	$	1.3	$	(167.2)	$	(44.8)
Other comprehensive income (loss) before reclassifications		(128.8)		–		(88.2)		(217.0)
Amounts reclassified from Accumulated OCI		–		(0.3)		13.9		13.6

Net other comprehensive income (loss)		(128.8)		(0.3)		(74.3)		(203.4)

Balance as of 2014 year end	$	(7.7)	$	1.0	$	(241.5)	$	(248.2)

The reclassifications out of Accumulated OCI in 2014 and 2013 are as follows:


Details about Accumulated OCI Components	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2014		2013
Gains on cash flow hedges:
Treasury locks	$	0.3	$	0.4	Interest expense
Income tax expense		–		–	Income tax expense

Net of tax		0.3		0.4

Amortization of net unrecognized losses and prior service credits included in net periodic pension cost		(22.0)		(40.7)	See footnote below*
Income tax benefit		8.1		15.2	Income tax expense

Net of tax		(13.9)		(25.5)

Total reclassifications for the period, net of tax	$	(13.6)	$	(25.1)

*	These Accumulated OCI components are included in the computation of net periodic pension cost; see Note 11 for further information.