XML 34 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 28, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)

The following table includes the changes in accumulated other comprehensive (loss) income attributable to U.S. by component under the ASC on “Comprehensive Income” (U.S. dollars in millions): 
 
Changes in accumulated other comprehensive income (loss) by component (1)
 
Six months ended June 28, 2019
 
Changes in fair Value of Effective cash Flow hedges
 
Foreign Currency Translation Adjustment
 
Retirement Benefit Adjustment
 
Total
 
 
 
 
 
 
 
 
Balance at December 28, 2018
$
(5.8
)
 
$
(14.9
)
 
$
(20.9
)
 
$
(41.6
)
Other comprehensive (loss) before
 
 
 
 
 
 
 
reclassifications
(14.5
)
(3) 
(0.3
)
(2) 
(0.2
)
 
(15.0
)
Amounts reclassified from accumulated
 
 
 
 
 
 
 
other comprehensive (loss) income
(2.3
)
 
—

 
0.3

 
(2.0
)
Net current period other comprehensive
 
 
 
 
 
 
 
(loss)
(16.8
)
 
(0.3
)
 
0.1

 
(17.0
)
Balance at June 28, 2019
$
(22.6
)
 
$
(15.2
)
 
$
(20.8
)
 
$
(58.6
)
 
 
 
 
 
 
 
 
 
Six months ended June 29, 2018
Balance at December 29, 2017
$
(1.4
)
 
$
(6.7
)
 
$
(22.5
)
 
$
(30.6
)
Other comprehensive income (loss)
 
 
 
 
 
 
 
before reclassifications
3.3

 
(4.8
)
(2) 
0.1


(1.4
)
Amounts reclassified from accumulated
 
 
 
 
 
 
 
other comprehensive (loss) income
(0.4
)
 
—

 
0.4

 
—

Net current period other comprehensive
 
 
 
 
 
 
 
income (loss)
2.9

 
(4.8
)
 
0.5

 
(1.4
)
Balance at June 29, 2018
$
1.5

 
$
(11.5
)
 
$
(22.0
)
 
$
(32.0
)

(1) All amounts are net of tax and noncontrolling interest.
(2) Includes a gain of $2.2 million and a loss of $1.0 million for the six months ended June 28, 2019 and six months ended June 29, 2018, on intra-entity foreign currency transactions that are of a long-term-investment nature.
(3) Includes a tax effect of $2.8 million for the six months ended June 28, 2019.

17.  Accumulated Other Comprehensive Income (Loss) (continued)

The following table includes details about amounts reclassified from accumulated other comprehensive (loss) income by component
(U.S. dollars in millions): 
 
 
Amount reclassified from accumulated
 other comprehensive income (loss)
 
 
 
 
June 28, 2019
 
June 29, 2018
 
 
Details about accumulated other comprehensive income (loss) components
 
Quarter ended
 
Six months ended
 
Quarter ended
 
Six months ended
 
Affected line item in the statement where net income is present
Changes in fair value of effective cash flow hedges:
 
 
 
 
 
 
 
 
Foreign currency cash flow hedges
 
$
(1.7
)
 
$
(2.4
)
 
$
(0.9
)
 
$
(0.2
)
 
Net sales
Foreign currency cash flow hedges
 
(0.5
)
 
(0.6
)
 
(0.1
)
 
(0.3
)
 
Cost of products sold
Interest rate swaps
 
0.4

 
0.7

 
0.1

 
0.1

 
Interest expense
Total
 
$
(1.8
)
 
$
(2.3
)
 
$
(0.9
)
 
$
(0.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of retirement benefits:
 
 
 
 
 
 
 
 
 
 
Actuarial losses (1)
 
0.1

 
0.3

 
0.2

 
0.4

 
Other expense, net
Total
 
$
0.1

 
$
0.3

 
$
0.2

 
$
0.4

 
 

(1) Refer to Note 13, "Retirement and Other Employee Benefits" for additional information on reclassification of certain net periodic pension costs due to adoption of ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost regarding the presentation of components of net periodic pension costs.