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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Oct. 01, 2022
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 October 1, 2022:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of July 2, 2022 | $ | (265.1) |  |  | $ | 8.1 |  |  | $ | (200.7) |  |  | $ | (457.7) |
Other comprehensive loss before reclassifications | (127.6) |  |  | — |  |  | — |  |  | (127.6) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 3.4 |  |  | 3.0 |
Net other comprehensive income (loss) | (127.6) |  |  | (0.4) |  |  | 3.4 |  |  | (124.6) |
Balance as of October 1, 2022 | $ | (392.7) |  |  | $ | 7.7 |  |  | $ | (197.3) |  |  | $ | (582.3) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended October 1, 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 | (247.6) |  |  | — |  |  | — |  |  | (247.6) |
Amounts reclassified from Accumulated OCI | — |  |  | (1.2) |  |  | 10.4 |  |  | 9.2 |
Net other comprehensive income (loss) | (247.6) |  |  | (1.2) |  |  | 10.4 |  |  | (238.4) |
Balance as of October 1, 2022 | $ | (392.7) |  |  | $ | 7.7 |  |  | $ | (197.3) |  |  | $ | (582.3) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended October 2, 2021:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of July 3, 2021 | $ | (84.5) |  |  | $ | 9.7 |  |  | $ | (287.9) |  |  | $ | (362.7) |
Other comprehensive loss before reclassifications | (38.6) |  |  | — |  |  | — |  |  | (38.6) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 6.9 |  |  | 6.5 |
Net other comprehensive income (loss) | (38.6) |  |  | (0.4) |  |  | 6.9 |  |  | (32.1) |
Balance as of October 2, 2021 | $ | (123.1) |  |  | $ | 9.3 |  |  | $ | (281.0) |  |  | $ | (394.8) |
The following is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended October 2, 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 | (47.4) |  |  | — |  |  | — |  |  | (47.4) |
Amounts reclassified from Accumulated OCI | (1.0) |  |  | (1.2) |  |  | 20.6 |  |  | 18.4 |
Net other comprehensive income (loss) | (48.4) |  |  | (1.2) |  |  | 20.6 |  |  | (29.0) |
Balance as of October 2, 2021 | $ | (123.1) |  |  | $ | 9.3 |  |  | $ | (281.0) |  |  | $ | (394.8) |
The reclassifications out of Accumulated OCI for the three and nine month periods ended October 1, 2022, and October 2, 2021, are as follows:
| Amount Reclassified from Accumulated OCI |
| Three Months Ended |  | Nine Months Ended |
| October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021 | Statement of Earnings Presentation
(Amounts in millions) |  |  |  |  |  |  |  |
Foreign currency loss from sale of equity interest: |  |  |  |  |  |  |  |
Foreign currency | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.0 |  | Other income (expense) - net
Income tax expense | — |  |  | — |  |  | — |  |  | — |  | Income tax expense
Net of tax | — |  |  | — |  |  | — |  |  | 1.0 |  |
Gains on cash flow hedges: |  |  |  |  |  |  |  |
Treasury locks | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 1.2 |  |  | $ | 1.2 |  | Interest expense
Income tax expense | — |  |  | — |  |  | — |  |  | — |  | Income tax expense
Net of tax | 0.4 |  |  | 0.4 |  |  | 1.2 |  |  | 1.2 |  |
Amortization of net unrecognized losses | $ | (4.6) |  |  | $ | (9.0) |  |  | $ | (13.8) |  |  | $ | (27.2) |  | See footnote below*
Income tax benefit | 1.2 |  |  | 2.1 |  |  | 3.4 |  |  | 6.6 |  | Income tax expense
Net of tax | (3.4) |  |  | (6.9) |  |  | (10.4) |  |  | (20.6) |  |
Total reclassifications for the period, net of tax | $ | (3.0) |  |  | $ | (6.5) |  |  | $ | (9.2) |  |  | $ | (18.4) |  |
* | 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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- 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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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