XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Sep. 26, 2020
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 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) |
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. |

X
- 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration