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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 28, 2019
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended September 28, 2019:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance at June 29, 2019 | $ | (178.7) |  |  | $ | 11.5 |  |  | $ | (333.5) |  |  | $ | (500.7) |
Other comprehensive loss before reclassifications | (47.3) |  |  | — |  |  | — |  |  | (47.3) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 4.5 |  |  | 4.1 |
Net other comprehensive income (loss) | (47.3) |  |  | (0.4) |  |  | 4.5 |  |  | (43.2) |
Balance as of September 28, 2019 | $ | (226.0) |  |  | $ | 11.1 |  |  | $ | (329.0) |  |  | $ | (543.9) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 28, 2019:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of December 29, 2018 | $ | (177.9) |  |  | $ | 12.2 |  |  | $ | (296.5) |  |  | $ | (462.2) |
Impact of the Tax Act on Accumulated Other Comprehensive Income (ASU No. 2018-02) | — |  |  | — |  |  | (45.9) |  |  | (45.9) |
Balance at December 30, 2018 | (177.9) |  |  | 12.2 |  |  | (342.4) |  |  | (508.1) |
Other comprehensive loss before reclassifications | (48.1) |  |  | — |  |  | — |  |  | (48.1) |
Amounts reclassified from Accumulated OCI | — |  |  | (1.1) |  |  | 13.4 |  |  | 12.3 |
Net other comprehensive income (loss) | (48.1) |  |  | (1.1) |  |  | 13.4 |  |  | (35.8) |
Balance as of September 28, 2019 | $ | (226.0) |  |  | $ | 11.1 |  |  | $ | (329.0) |  |  | $ | (543.9) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended September 29, 2018:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance at June 30, 2018 | $ | (141.0) |  |  | $ | 12.9 |  |  | $ | (249.2) |  |  | $ | (377.3) |
Other comprehensive income before reclassifications | 2.0 |  |  | — |  |  | — |  |  | 2.0 |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 6.0 |  |  | 5.6 |
Net other comprehensive income (loss) | 2.0 |  |  | (0.4) |  |  | 6.0 |  |  | 7.6 |
Balance as of September 29, 2018 | $ | (139.0) |  |  | $ | 12.5 |  |  | $ | (243.2) |  |  | $ | (369.7) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 29, 2018:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of December 30, 2017 | $ | (82.5) |  |  | $ | 14.5 |  |  | $ | (261.0) |  |  | $ | (329.0) |
Other comprehensive loss before reclassifications | (56.5) |  |  | (0.8) |  |  | — |  |  | (57.3) |
Amounts reclassified from Accumulated OCI | — |  |  | (1.2) |  |  | 17.8 |  |  | 16.6 |
Net other comprehensive income (loss) | (56.5) |  |  | (2.0) |  |  | 17.8 |  |  | (40.7) |
Balance as of September 29, 2018 | $ | (139.0) |  |  | $ | 12.5 |  |  | $ | (243.2) |  |  | $ | (369.7) |
The reclassifications out of Accumulated OCI for the three and nine month periods ended September 28, 2019, and September 29, 2018, are as follows:
|  | Amount Reclassified from Accumulated OCI |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  |  | Nine Months Ended |  |  |  |
|  | September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018 |  | Statement of Earnings Presentation
(Amounts in millions) |  |  |  |  |  |  |  |  |  |
Gains on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Treasury locks |  | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 1.1 |  |  | $ | 1.2 |  |  | Interest expense
Income tax expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Income tax expense
Net of tax |  | 0.4 |  |  | 0.4 |  |  | 1.1 |  |  | 1.2 |  |  |
Amortization of net unrecognized losses and prior service credits |  | (5.9) |  |  | (7.8) |  |  | (17.6) |  |  | (23.4) |  |  | See footnote below*
Income tax benefit |  | 1.4 |  |  | 1.8 |  |  | 4.2 |  |  | 5.6 |  |  | Income tax expense
Net of tax |  | (4.5) |  |  | (6.0) |  |  | (13.4) |  |  | (17.8) |  |  |
Total reclassifications for the period, net of tax |  | $ | (4.1) |  |  | $ | (5.6) |  |  | $ | (12.3) |  |  | $ | (16.6) |  |  |
* | 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. |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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