XML 53 R43.htm IDEA: XBRL DOCUMENT v3.22.2
Accumulated Other Comprehensive Income (Loss) - (Tables)
6 Months Ended
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 reclassifications20.2 — — 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 EndedSix Months Ended
July 2, 2022July 3, 2021July 2, 2022July 3, 2021Statement 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 tax0.4 0.4 0.8 0.8 
Amortization of net unrecognized losses
$(4.7)$(9.1)$(9.2)$(18.2)See footnote below*
Income tax benefit1.1 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.