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Comprehensive Income and Equity (Tables)
9 Months Ended
Sep. 28, 2019
Equity [Abstract]  
Summary of Changes, Net of Tax, in Accumulated Other Comprehensive Loss
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 28, 2019, is shown below (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 28, 2019
 
September 28, 2019
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(173.9
)
 
$
(172.8
)
Reclassification adjustments (net of tax expense of $0.4 million and $0.8 million in the three and nine months ended September 28, 2019, respectively)
1.5

 
4.7

Other comprehensive loss recognized during the period (net of tax benefit of $1.6 million in the three and nine months ended September 28, 2019)
(4.6
)
 
(8.9
)
Balance at end of period
$
(177.0
)
 
$
(177.0
)
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(1.2
)
 
$
(9.7
)
Reclassification adjustments (net of tax benefit of $2.4 million and $7.2 million in the three and nine months ended September 28, 2019, respectively)
(8.4
)
 
(25.5
)
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of $1.1 million and ($6.2) million in the three and nine months ended September 28, 2019, respectively)
(3.9
)
 
21.7

Balance at end of period
$
(13.5
)
 
$
(13.5
)
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(523.1
)
 
$
(523.3
)
Other comprehensive loss recognized during the period (net of tax impact of $— million in the three and nine months ended September 28, 2019)
(115.7
)
 
(115.5
)
Balance at end of period
$
(638.8
)
 
$
(638.8
)
 
 
 
 
Total accumulated other comprehensive loss
$
(829.3
)
 
$
(829.3
)

A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 29, 2018, is shown below (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 29, 2018
 
September 29, 2018
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(178.4
)
 
$
(184.0
)
Reclassification adjustments (net of tax expense of $0.3 million and $0.9 million in the three and nine months ended September 29, 2018, respectively)
1.2

 
3.6

Other comprehensive income (loss) recognized during the period (net of tax impact of $— million in the three and nine months ended September 29, 2018)
(1.0
)
 
2.2

Balance at end of period
$
(178.2
)
 
$
(178.2
)
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(18.7
)
 
$
(22.9
)
Reclassification adjustments (net of tax benefit of $1.8 million and $2.7 million in the three and nine months ended September 29, 2018, respectively)
(6.4
)
 
(9.9
)
Other comprehensive income recognized during the period (net of tax expense of $13.4 million and $15.5 million in the three and nine months ended September 29, 2018, respectively)
48.8

 
56.5

Balance at end of period
$
23.7

 
$
23.7

Foreign currency translation:
 
 
 
Balance at beginning of period
$
(430.6
)
 
$
(306.5
)
Other comprehensive loss recognized during the period (net of tax benefit of $2.4 million in the three and nine months ended September 29, 2018)
(70.8
)
 
(194.9
)
Balance at end of period
$
(501.4
)
 
$
(501.4
)
 
 
 
 
Total accumulated other comprehensive loss
$
(655.9
)
 
$
(655.9
)

Common Stock Repurchase Program
Share repurchases in the first nine months of 2019 are shown below (in millions except for shares and per share amounts):
Nine Months Ended
 
As of
September 28, 2019
 
September 28, 2019
Aggregate Repurchases (1)
 
Cash paid for Repurchases
 
Number of Shares
 
Average Price per Share (2)
 
Remaining Purchase Authorization
$
355.4

 
$
359.7

 
2,603,881
 
$
136.48

 
$
1,227.6

(1) Includes $83.0 million of repurchases made prior to the increased authorization
(2) Excludes commissions
Dividends Declared and Paid Dividends declared and paid are shown below (in millions):
 
Nine Months Ended
 
September 28, 2019
 
September 29, 2018
Dividends declared
$
140.3

 
$
141.1

Dividends paid
141.1

 
142.1