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Accumulated Other Comprehensive Income (Loss) - (Tables) | 6 Months Ended
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Jul. 02, 2022
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 2, 2022:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of April 2, 2022 | $ | (154.8) |  |  | $ | 8.5 |  |  | $ | (204.3) |  |  | $ | (350.6) |
Other comprehensive loss before reclassifications | (110.3) |  |  | — |  |  | — |  |  | (110.3) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 3.6 |  |  | 3.2 |
Net other comprehensive income (loss) | (110.3) |  |  | (0.4) |  |  | 3.6 |  |  | (107.1) |
Balance as of July 2, 2022 | $ | (265.1) |  |  | $ | 8.1 |  |  | $ | (200.7) |  |  | $ | (457.7) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended July 2, 2022:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of January 1, 2022 | $ | (145.1) |  |  | $ | 8.9 |  |  | $ | (207.7) |  |  | $ | (343.9) |
Other comprehensive loss before reclassifications | (120.0) |  |  | — |  |  | — |  |  | (120.0) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.8) |  |  | 7.0 |  |  | 6.2 |
Net other comprehensive income (loss) | (120.0) |  |  | (0.8) |  |  | 7.0 |  |  | (113.8) |
Balance as of July 2, 2022 | $ | (265.1) |  |  | $ | 8.1 |  |  | $ | (200.7) |  |  | $ | (457.7) |
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) |
Reclassifications Out of Accumulated OCI | The reclassifications out of Accumulated OCI for the three and six month periods ended July 2, 2022, and July 3, 2021, are as follows:
| Amount Reclassified from Accumulated OCI |
| Three Months Ended |  | Six Months Ended |
| July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021 | 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 | $ | (4.7) |  |  | $ | (9.1) |  |  | $ | (9.2) |  |  | $ | (18.2) |  | See footnote below*
Income tax benefit | 1.1 |  |  | 2.3 |  |  | 2.2 |  |  | 4.5 |  | Income tax expense
Net of tax | (3.6) |  |  | (6.8) |  |  | (7.0) |  |  | (13.7) |  |
Total reclassifications for the period, net of tax | $ | (3.2) |  |  | $ | (5.4) |  |  | $ | (6.2) |  |  | $ | (11.9) |  |
* | 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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