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Accumulated Other Comprehensive Income (Loss) - (Tables) | 6 Months Ended
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Jul. 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 July 3, 2021:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of April 3, 2021 | $ | (103.7) |  |  | $ | 10.1 |  |  | $ | (294.7) |  |  | $ | (388.3) |
Other comprehensive income before reclassifications | 20.2 |  |  | — |  |  | — |  |  | 20.2 |
Amounts reclassified from Accumulated OCI | (1.0) |  |  | (0.4) |  |  | 6.8 |  |  | 5.4 |
Net other comprehensive income (loss) | 19.2 |  |  | (0.4) |  |  | 6.8 |  |  | 25.6 |
Balance as of July 3, 2021 | $ | (84.5) |  |  | $ | 9.7 |  |  | $ | (287.9) |  |  | $ | (362.7) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended July 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 | (8.8) |  |  | — |  |  | — |  |  | (8.8) |
Amounts reclassified from Accumulated OCI | (1.0) |  |  | (0.8) |  |  | 13.7 |  |  | 11.9 |
Net other comprehensive income (loss) | (9.8) |  |  | (0.8) |  |  | 13.7 |  |  | 3.1 |
Balance as of July 3, 2021 | $ | (84.5) |  |  | $ | 9.7 |  |  | $ | (287.9) |  |  | $ | (362.7) |
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) |
Reclassifications Out of Accumulated OCI | The reclassifications out of Accumulated OCI for the three and six month periods ended July 3, 2021, and June 27, 2020, are as follows:
| Amount Reclassified from Accumulated OCI |
| Three Months Ended |  | Six Months Ended |
| July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020 | Statement of Earnings Presentation
(Amounts in millions) |  |  |  |  |  |  |  |
Foreign currency loss from sale of equity interest: |  |  |  |  |  |  |  |
Foreign currency | $ | 1.0 |  |  | $ | — |  |  | $ | 1.0 |  |  | $ | — |  | Other income (expense) - net
Income tax expense | — |  |  | — |  |  | — |  |  | — |  | Income tax expense
Net of tax | 1.0 |  |  | — |  |  | 1.0 |  |  | — |  |
Gains on cash flow hedges: |  |  |  |  |  |  |  |
Treasury locks | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 0.8 |  |  | $ | 0.8 |  | Interest expense
Income tax expense | — |  |  | — |  |  | — |  |  | — |  | Income tax expense
Net of tax | 0.4 |  |  | 0.4 |  |  | 0.8 |  |  | 0.8 |  |
Amortization of net unrecognized losses | (9.1) |  |  | (8.8) |  |  | (18.2) |  |  | (17.2) |  | See footnote below*
Income tax benefit | 2.3 |  |  | 2.1 |  |  | 4.5 |  |  | 4.1 |  | Income tax expense
Net of tax | (6.8) |  |  | (6.7) |  |  | (13.7) |  |  | (13.1) |  |
Total reclassifications for the period, net of tax | $ | (5.4) |  |  | $ | (6.3) |  |  | $ | (11.9) |  |  | $ | (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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