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Comprehensive Income (Loss) and Equity (Tables)
 6 Months Ended
Jul. 04, 2020
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 six months ended June 29, 2019, is shown below (in millions):
 
June 29, 2019
 
Three Months Ended
 
Six Months Ended
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(172.5
)
 
$
(172.8
)
Reclassification adjustments (net of tax expense of $— million and $0.4 million in the three and six months ended June 29, 2019, respectively)
1.6

 
3.2

Other comprehensive loss recognized during the period (net of tax impact of $— million in the three and six months ended June 29, 2019)
(3.0
)
 
(4.3
)
Balance at end of period
$
(173.9
)
 
$
(173.9
)
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(9.0
)
 
$
(9.7
)
Reclassification adjustments (net of tax benefit of $2.7 million and $4.8 million in the three and six months ended June 29, 2019, respectively)
(10.0
)
 
(17.1
)
Other comprehensive income recognized during the period (net of tax expense of $5.0 million and $7.3 million in the three and six months ended June 29, 2019, respectively)
17.8

 
25.6

Balance at end of period
$
(1.2
)
 
$
(1.2
)
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(530.0
)
 
$
(523.3
)
Other comprehensive income recognized during the period (net of tax impact of $— million in the three and six months ended June 29, 2019)
6.9

 
0.2

Balance at end of period
$
(523.1
)
 
$
(523.1
)
 
 
 
 
Total accumulated other comprehensive loss
$
(698.2
)
 
$
(698.2
)

A summary of changes, net of tax, in accumulated other comprehensive loss for the three and six months ended July 4, 2020, is shown below (in millions):
 
July 4, 2020
 
Three Months Ended
 
Six Months Ended
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(208.7
)
 
$
(217.6
)
Reclassification adjustments (net of tax expense of $0.4 million and $0.7 million in the three and six months ended July 4, 2020, respectively)
0.8

 
2.1

Other comprehensive income (loss) recognized during the period (net of tax impact of $— million in the three and six months ended July 4, 2020)
(3.8
)
 
3.8

Balance at end of period
$
(211.7
)
 
$
(211.7
)
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(111.3
)
 
$
9.8

Reclassification adjustments (net of tax expense of $3.1 million and $1.7 million in the three and six months ended July 4, 2020, respectively)
11.0

 
5.3

Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of ($12.0) million and $15.9 million in the three and six months ended July 4, 2020, respectively)
49.9

 
(65.5
)
Balance at end of period
$
(50.4
)
 
$
(50.4
)
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(729.3
)
 
$
(564.9
)
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of $2.6 million and ($2.2) million in the three and six months ended July 4, 2020, respectively)
68.4

 
(96.0
)
Balance at end of period
$
(660.9
)
 
$
(660.9
)
 
 
 
 
Total accumulated other comprehensive loss
$
(923.0
)
 
$
(923.0
)
Common Stock Repurchase Program Share repurchases prior to the suspension are shown below (in millions except for shares and per share amounts):
Six Months Ended
 
As of
July 4, 2020
 
July 4, 2020
Aggregate Repurchases
 
Cash paid for Repurchases
 
Number of Shares
 
Average Price per Share (1)
 
Remaining Purchase Authorization
$
70.0

 
$
70.0

 
641,149
 
$
109.22

 
$
1,430.0

(1) Excludes commissions
Dividends Declared and Paid Dividends declared and paid are shown below (in millions):
 
Six Months Ended
 
July 4,
2020
 
June 29,
2019
Dividends declared
$
46.8

 
$
94.6

Dividends paid
47.9

 
95.6