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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 28, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
AOCI represents net earnings and any revenue, expenses, gains and losses that, under U.S. GAAP, are excluded from net earnings and recognized directly as a component of stockholders’ equity.
The change in accumulated other comprehensive income (loss) during fiscal years 2019 and 2018 is as follows:
(In millions)
Foreign
currency
translation
adjustments
 
Derivatives
 
Pension
adjustments
 
Total
Balance of AOCI as of December 30, 2017
$
(32.7
)
 
$
(13.9
)
 
$
(28.6
)
 
$
(75.2
)
Other comprehensive income (loss) before reclassifications (1)
(20.3
)
 
14.4

 
(9.9
)
 
(15.8
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
3.8

(2) 
10.5

(3) 
14.3

Income tax (expense) benefit
—

 
(1.3
)
 
(2.2
)
 
(3.5
)
Net reclassifications
—

 
2.5

 
8.3

 
10.8

Net current-period other comprehensive income (loss) (1)
(20.3
)
 
16.9

 
(1.6
)
 
(5.0
)
Reclassifications to retained earnings (4)
$
—

 
$
(2.1
)
 
$
(6.0
)
 
$
(8.1
)
Balance of AOCI as of December 29, 2018
$
(53.0
)
 
$
0.9

 
$
(36.2
)
 
$
(88.3
)
Other comprehensive income (loss) before reclassifications (1)
5.4

 
0.9

 
(14.6
)
 
(8.3
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(9.8
)
(2) 
2.6

(3) 
(7.2
)
Income tax (expense) benefit
—

 
2.2

 
(0.5
)
 
1.7

Net reclassifications
—

 
(7.6
)
 
2.1

 
(5.5
)
Net current-period other comprehensive income (loss) (1)
5.4

 
(6.7
)
 
(12.5
)
 
(13.8
)
Balance of AOCI as of December 28, 2019
$
(47.6
)
 
$
(5.8
)
 
$
(48.7
)
 
$
(102.1
)

(1) 
Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.
(2) 
Amounts related to foreign currency derivatives deemed to be highly effective are included in cost of goods sold. Amounts related to foreign currency derivatives that are no longer deemed to be highly effective are included in other income. Amounts related to interest rate swaps and the cross currency swap are included in interest expense.
(3) 
Amounts reclassified are included in the computation of net pension expense, and includes $7.2 million in fiscal 2018 related to a settlement loss.
(4) 
Amounts reclassified to retained earnings upon adoption of ASU 2017-12 and ASU 2018-02.