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Accumulated Other Comprehensive Income (Loss) - (Tables) | 6 Months Ended
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Jun. 27, 2020
Equity [Abstract] |
Net Changes in Accumulated OCI by Component, Net of Tax | The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended June 27, 2020:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of March 28, 2020 | $ | (295.4) |  |  | $ | 10.3 |  |  | $ | (324.8) |  |  | $ | (609.9) |
Other comprehensive income before reclassifications | 87.8 |  |  | 1.4 |  |  | — |  |  | 89.2 |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 6.7 |  |  | 6.3 |
Net other comprehensive income | 87.8 |  |  | 1.0 |  |  | 6.7 |  |  | 95.5 |
Balance as of June 27, 2020 | $ | (207.6) |  |  | $ | 11.3 |  |  | $ | (318.1) |  |  | $ | (514.4) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended June 27, 2020:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of December 28, 2019 | $ | (187.4) |  |  | $ | 10.7 |  |  | $ | (331.2) |  |  | $ | (507.9) |
Other comprehensive income (loss) before reclassifications | (20.2) |  |  | 1.4 |  |  | — |  |  | (18.8) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.8) |  |  | 13.1 |  |  | 12.3 |
Net other comprehensive income (loss) | (20.2) |  |  | 0.6 |  |  | 13.1 |  |  | (6.5) |
Balance as of June 27, 2020 | $ | (207.6) |  |  | $ | 11.3 |  |  | $ | (318.1) |  |  | $ | (514.4) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended June 29, 2019:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of March 30, 2019 | $ | (170.3) |  |  | $ | 11.8 |  |  | $ | (337.9) |  |  | $ | (496.4) |
Other comprehensive loss before reclassifications | (8.4) |  |  | — |  |  | — |  |  | (8.4) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.3) |  |  | 4.4 |  |  | 4.1 |
Net other comprehensive income (loss) | (8.4) |  |  | (0.3) |  |  | 4.4 |  |  | (4.3) |
Balance as of June 29, 2019 | $ | (178.7) |  |  | $ | 11.5 |  |  | $ | (333.5) |  |  | $ | (500.7) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended June 29, 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 Cuts and Jobs 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 | (0.8) |  |  | — |  |  | — |  |  | (0.8) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.7) |  |  | 8.9 |  |  | 8.2 |
Net other comprehensive income (loss) | (0.8) |  |  | (0.7) |  |  | 8.9 |  |  | 7.4 |
Balance as of June 29, 2019 | $ | (178.7) |  |  | $ | 11.5 |  |  | $ | (333.5) |  |  | $ | (500.7) |
Reclassifications Out of Accumulated OCI | The reclassifications out of Accumulated OCI for the three and six month periods ended June 27, 2020, and June 29, 2019, are as follows:
|  | Amount Reclassified from Accumulated OCI |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  |  | Six Months Ended |  |  |  |
|  | June 27, 2020 |  | June 29, 2019 |  | June 27, 2020 |  | June 29, 2019 |  | Statement of Earnings Presentation
(Amounts in millions) |  |  |  |  |  |  |  |  |  |
Gains on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Treasury locks |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | 0.8 |  |  | $ | 0.7 |  |  | Interest expense
Income tax expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Income tax expense
Net of tax |  | 0.4 |  |  | 0.3 |  |  | 0.8 |  |  | 0.7 |  |  |
Amortization of net unrecognized losses and prior service credits |  | (8.8) |  |  | (5.9) |  |  | (17.2) |  |  | (11.7) |  |  | See footnote below*
Income tax benefit |  | 2.1 |  |  | 1.5 |  |  | 4.1 |  |  | 2.8 |  |  | Income tax expense
Net of tax |  | (6.7) |  |  | (4.4) |  |  | (13.1) |  |  | (8.9) |  |  |
Total reclassifications for the period, net of tax |  | $ | (6.3) |  |  | $ | (4.1) |  |  | $ | (12.3) |  |  | $ | (8.2) |  |  |
* | These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 11 and Note 12 for further information. |

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