Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 04, 2015

The following is a summary of first quarter fiscal 2015 changes in Accumulated OCI by component and net of tax:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of January 3, 2015	$	(7.7)	$	1.0	$	(241.5)	$	(248.2)
Other comprehensive loss before reclassifications		(96.3)		–		–		(96.3)
Amounts reclassified from Accumulated OCI		–		(0.1)		5.4		5.3

Net other comprehensive income (loss)		(96.3)		(0.1)		5.4		(91.0)

Balance as of April 4, 2015	$	(104.0)	$	0.9	$	(236.1)	$	(339.2)

The following is a summary of first quarter fiscal 2014 changes in Accumulated OCI by component and 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 reclassifications out of Accumulated OCI for the three month periods ended April 4, 2015, and March 29, 2014, are as follows:


	Amount Reclassified from Accumulated OCI Three Months Ended
Details about Accumulated OCI Components	April 4, 2015		March 29, 2014		Statement of Earnings Presentation
(Amounts in millions)
Gains on cash flow hedges:
Treasury locks	$	0.1	$	0.1	Interest expense
Income tax expense		–		–	Income tax expense

Net of tax		0.1		0.1


Amortization of net unrecognized losses and prior service credits included in net periodic pension cost		(8.8)		(5.2)	See footnote below*
Income tax benefit		3.4		1.9	Income tax expense

Net of tax		(5.4)		(3.3)

Total reclassifications for the period, net of tax	$	(5.3)	$	(3.2)

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