Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2017

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended September 30, 2017:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of July 1, 2017	$	(130.2)	$	14.6	$	(281.4)	$	(397.0)
Other comprehensive income before reclassifications		51.4		–		–		51.4
Amounts reclassified from Accumulated OCI		–		(0.5)		4.3		3.8

Net other comprehensive income (loss)		51.4		(0.5)		4.3		55.2

Balance as of September 30, 2017	$	(78.8)	$	14.1	$	(277.1)	$	(341.8)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 30, 2017:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of December 31, 2016	$	(217.7)	$	9.2	$	(290.0)	$	(498.5)
Other comprehensive income before reclassifications		138.9		6.1		–		145.0
Amounts reclassified from Accumulated OCI		–		(1.2)		12.9		11.7

Net other comprehensive income		138.9		4.9		12.9		156.7

Balance as of September 30, 2017	$	(78.8)	$	14.1	$	(277.1)	$	(341.8)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended October 1, 2016:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of July 2, 2016	$	(133.5)	$	0.5	$	(236.8)	$	(369.8)
Other comprehensive loss before reclassifications		(7.8)		–		–		(7.8)
Amounts reclassified from Accumulated OCI		–		(0.1)		4.8		4.7

Net other comprehensive income (loss)		(7.8)		(0.1)		4.8		(3.1)

Balance as of October 1, 2016	$	(141.3)	$	0.4	$	(232.0)	$	(372.9)

The following is a summary of net changes in Accumulated OCI by component and net of tax for nine months ended October 1, 2016:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of January 2, 2016	$	(118.5)	$	0.7	$	(246.4)	$	(364.2)
Other comprehensive loss before reclassifications		(22.8)		–		–		(22.8)
Amounts reclassified from Accumulated OCI		–		(0.3)		14.4		14.1

Net other comprehensive income (loss)		(22.8)		(0.3)		14.4		(8.7)

Balance as of October 1, 2016	$	(141.3)	$	0.4	$	(232.0)	$	(372.9)

The reclassifications out of Accumulated OCI for the three and nine month periods ended September 30, 2017, and October 1, 2016, are as follows:


	Amount Reclassified from Accumulated OCI
	Three Months Ended				Nine Months Ended
Details about Accumulated OCI Components	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016		Statement of Earnings Presentation

(Amounts in millions)
Gains on cash flow hedges:
Treasury locks	$	0.5	$	0.1	$	1.2	$	0.3	Interest expense
Income tax expense		–		–		–		–	Income tax expense

Net of tax		0.5		0.1		1.2		0.3


Amortization of net unrecognized losses and prior service credits		(6.6)		(7.6)		(19.8)		(22.7)	See footnote below*
Income tax benefit		2.3		2.8		6.9		8.3	Income tax expense

Net of tax		(4.3)		(4.8)		(12.9)		(14.4)

Total reclassifications for the period, net of tax	$	(3.8)	$	(4.7)	$	(11.7)	$	(14.1)

*	These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 10 and Note 11 for further information.