XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Accumulated Other Comprehensive Income (Loss) - (Tables)
3 Months Ended
Apr. 03, 2021
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 April 3, 2021:
(Amounts in millions)Foreign
Currency
Translation
Cash Flow
Hedges
Defined
Benefit
Pension and
Postretirement
Plans
Total
Balance as of January 2, 2021$(74.7)$10.5 $(301.6)$(365.8)
Other comprehensive loss before reclassifications(29.0)— — (29.0)
Amounts reclassified from Accumulated OCI— (0.4)6.9 6.5 
Net other comprehensive income (loss)(29.0)(0.4)6.9 (22.5)
Balance as of April 3, 2021$(103.7)$10.1 $(294.7)$(388.3)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended March 28, 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 loss before reclassifications(108.0)— — (108.0)
Amounts reclassified from Accumulated OCI— (0.4)6.4 6.0 
Net other comprehensive income (loss)(108.0)(0.4)6.4 (102.0)
Balance as of March 28, 2020$(295.4)$10.3 $(324.8)$(609.9)
Reclassifications Out of Accumulated OCI
The reclassifications out of Accumulated OCI for the three month periods ended April 3, 2021, and March 28, 2020, are as follows: 
Amount Reclassified from Accumulated OCI
Three Months Ended
April 3, 2021March 28, 2020Statement of Earnings
Presentation
(Amounts in millions)
Gains on cash flow hedges:
Treasury locks$0.4 $0.4 Interest expense
Income tax expense— — Income tax expense
Net of tax0.4 0.4 
Amortization of net unrecognized losses
(9.1)(8.4)See footnote below*
Income tax benefit2.2 2.0 Income tax expense
Net of tax(6.9)(6.4)
Total reclassifications for the period, net of tax
$(6.5)$(6.0)

*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.