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Accumulated Other Comprehensive Income (Loss) - (Tables) | 9 Months Ended
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Sep. 26, 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 September 26, 2020:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of June 27, 2020 | $ | (207.6) |  |  | $ | 11.3 |  |  | $ | (318.1) |  |  | $ | (514.4) |
Other comprehensive income before reclassifications | 42.6 |  |  | — |  |  | — |  |  | 42.6 |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 6.6 |  |  | 6.2 |
Net other comprehensive income (loss) | 42.6 |  |  | (0.4) |  |  | 6.6 |  |  | 48.8 |
Balance as of September 26, 2020 | $ | (165.0) |  |  | $ | 10.9 |  |  | $ | (311.5) |  |  | $ | (465.6) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 26, 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 before reclassifications | 22.4 |  |  | 1.4 |  |  | — |  |  | 23.8 |
Amounts reclassified from Accumulated OCI | — |  |  | (1.2) |  |  | 19.7 |  |  | 18.5 |
Net other comprehensive income | 22.4 |  |  | 0.2 |  |  | 19.7 |  |  | 42.3 |
Balance as of September 26, 2020 | $ | (165.0) |  |  | $ | 10.9 |  |  | $ | (311.5) |  |  | $ | (465.6) |
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 as of 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 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 | (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) |
Reclassifications Out of Accumulated OCI | The reclassifications out of Accumulated OCI for the three and nine month periods ended September 26, 2020, and September 28, 2019, are as follows:
| Amount Reclassified from Accumulated OCI |  |  |  |  |  |  |
| Three Months Ended |  |  |  | Nine Months Ended |  |  |
| September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019 | Statement of Earnings Presentation
(Amounts in millions) |  |  |  |  |  |  |  |
Gains on cash flow hedges: |  |  |  |  |  |  |  |
Treasury locks | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 1.2 |  |  | $ | 1.1 |  | Interest expense
Income tax expense | — |  |  | — |  |  | — |  |  | — |  | Income tax expense
Net of tax | 0.4 |  |  | 0.4 |  |  | 1.2 |  |  | 1.1 |  |
Amortization of net unrecognized losses and prior service credits | (8.7) |  |  | (5.9) |  |  | (25.9) |  |  | (17.6) |  | See footnote below*
Income tax benefit | 2.1 |  |  | 1.4 |  |  | 6.2 |  |  | 4.2 |  | Income tax expense
Net of tax | (6.6) |  |  | (4.5) |  |  | (19.7) |  |  | (13.4) |  |
Total reclassifications for the period, net of tax | $ | (6.2) |  |  | $ | (4.1) |  |  | $ | (18.5) |  |  | $ | (12.3) |  |
* | 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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