XML 49 R14.htm IDEA: XBRL DOCUMENT v3.2.0.727
EQUITY
 6 Months Ended
Jun. 28, 2015
Equity [Abstract]  
SHAREHOLDERS' EQUITY
EQUITY 
Other Comprehensive Income (Loss)
The following tables present changes in the accumulated balances for each component of other comprehensive income (loss) and the related effects on net income of amounts reclassified out of other comprehensive income (loss).
 
 
Three Months Ended
 
 
June 28, 2015
 
June 29, 2014
 
 
Before Tax
 
Tax
 
After Tax
 
Before Tax
 
Tax
 
After Tax
 
 
(in millions)
Foreign currency translation:
 
 
 
 
 
 
 
 
 
 
 
 
Translation adjustment arising during the period
 
$
7.7

 
$
0.3

 
$
8.0

 
$
0.3

 
$
1.9

 
$
2.2

Translation losses reclassified to non-operating (gain) loss
 
54.6

 
(19.1
)
 
35.5

 
—

 
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension accounting:
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial gain
 
76.1

 
(29.8
)
 
46.3

 
—

 
—

 
—

Amortization of actuarial losses and prior service credits reclassified to cost of sales
 
0.7

 
(0.3
)
 
0.4

 
—

 
—

 
—

Amortization of actuarial losses and prior service credits reclassified to SG&A
 
0.5

 
(0.2
)
 
0.3

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Hedge accounting:
 
 
 
 
 
 
 
 
 
 
 
 
Gains (losses) arising during the period
 
10.3

 
(4.1
)
 
6.2

 
(33.1
)
 
12.9

 
(20.2
)
(Gains) losses reclassified to sales
 
(87.0
)
 
33.9

 
(53.1
)
 
90.9

 
(35.3
)
 
55.6

(Gains) losses reclassified to cost of sales
 
20.8

 
(7.9
)
 
12.9

 
(7.7
)
 
3.1

 
(4.6
)
(Gains) losses reclassified to SG&A
 
1.0

 
(0.3
)
 
0.7

 
(0.2
)
 
(0.1
)
 
(0.3
)
     Total other comprehensive income
 
$
84.7

 
$
(27.5
)
 
$
57.2

 
$
50.2

 
$
(17.5
)
 
$
32.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
 
June 28, 2015
 
June 29, 2014
 
 
Before Tax
 
Tax
 
After Tax
 
Before Tax
 
Tax
 
After Tax
 
 
(in millions)
Foreign currency translation:
 
 
 
 
 
 
 
 
 
 
 
 
Translation adjustment arising during the period
 
$
(87.3
)
 
$
11.0

 
$
(76.3
)
 
$
1.4

 
$
0.1

 
$
1.5

Translation losses reclassified to non-operating (gain) loss
 
54.6

 
(19.1
)
 
35.5

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension accounting:
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial gain
 
76.1

 
(29.8
)
 
46.3

 
—

 
—

 
—

Amortization of actuarial losses and prior service credits reclassified to cost of sales
 
1.7

 
(0.7
)
 
1.0

 
—

 
—

 
—

Amortization of actuarial losses and prior service credits reclassified to SG&A
 
0.7

 
(0.3
)
 
0.4

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Hedge accounting:
 
 
 
 
 
 
 
 
 
 
 
 
Gains (losses) arising during the period
 
109.8

 
(43.2
)
 
66.6

 
(272.1
)
 
106.0

 
(166.1
)
(Gains) losses reclassified to sales
 
(170.0
)
 
66.1

 
(103.9
)
 
116.6

 
(45.2
)
 
71.4

(Gains) losses reclassified to cost of sales
 
44.6

 
(17.3
)
 
27.3

 
(6.3
)
 
2.7

 
(3.6
)
(Gains) losses reclassified to SG&A
 
1.6

 
(0.4
)
 
1.2

 
(3.2
)
 
0.7

 
(2.5
)
Total other comprehensive income (loss)
 
$
31.8

 
$
(33.7
)
 
$
(1.9
)
 
$
(163.6
)
 
$
64.3

 
$
(99.3
)

Dividend
We paid a $30.0 million dividend during the current quarter to our parent company, recorded as a reduction to retained earnings.