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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 27, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive (Loss) Income

The following table includes the changes in accumulated other comprehensive (loss) income by component under the ASC on “Comprehensive Income” (U.S. dollars in millions): 
 
Changes in Accumulated Other Comprehensive Income (Loss) by Component (1)
 
Quarter ended March 27, 2020
 
Changes in Fair Value of Effective Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Retirement Benefit Adjustment
 
Total
Balance at December 27, 2019
$
(25.5
)
 
$
(15.8
)
 
$
(24.1
)
 
$
(65.4
)
Other comprehensive (loss) income
    before reclassifications
(30.1
)
(3) 
(4.5
)
(2) 
0.2

 
(34.4
)
Amounts reclassified from accumulated
other comprehensive (loss) income
(0.4
)
 

 
0.3

 
(0.1
)
Net current period other comprehensive
(loss) income
(30.5
)
 
(4.5
)
 
0.5

 
(34.5
)
Balance at March 27, 2020
$
(56.0
)
 
$
(20.3
)
 
$
(23.6
)
 
$
(99.9
)
 
 
 
 
 
 
 
 
 
Quarter ended March 29, 2019
Balance at December 28, 2018
$
(5.8
)
 
$
(14.9
)
 
$
(20.9
)
 
$
(41.6
)
Other comprehensive (loss) before
    reclassifications
(3.6
)
(3) 
(0.8
)
(2) 
(0.2
)

(4.6
)
Amounts reclassified from accumulated
other comprehensive (loss) income
(0.5
)
 

 
0.1

 
(0.4
)
Net current period other comprehensive
(loss)
(4.1
)
 
(0.8
)
 
(0.1
)
 
(5.0
)
Balance at March 29, 2019
$
(9.9
)
 
$
(15.7
)
 
$
(21.0
)
 
$
(46.6
)

(1) All amounts are net of tax and noncontrolling interest.
(2) Includes a gain of $0.5 million and a loss of $1.5 million for the quarter ended March 27, 2020 and quarter ended March 29, 2019, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.
(3) Includes a tax effect of $3.2 million and $1.2 million for the quarter ended March 27, 2020 and quarter ended March 29, 2019, respectively. Additionally, includes the bunker fuel swap contracts entered into in the first quarter of 2020. Refer to Note 13, “Derivative Financial Instruments”, for further information on our derivatives.

15.  Accumulated Other Comprehensive (Loss) Income (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 (loss) income
 
 
 
 
March 27, 2020
 
March 29, 2019
 
 
Details about accumulated other comprehensive income (loss) components
 
Quarter ended
 
Quarter ended
 
Affected line item in the statement where net income is presented
Changes in fair value of effective cash flow hedges:
 
 
 
 
 
 
Foreign currency cash flow hedges
 
$
(1.0
)
 
$
(0.9
)
 
Net sales
Foreign currency cash flow hedges
 
(0.6
)
 

 
Cost of products sold
Interest rate swaps
 
1.2

 
0.4

 
Interest expense
Total
 
$
(0.4
)
 
$
(0.5
)
 
 
 
 
 
 
 
 
 
Amortization of retirement benefits:
 
 
 
 
 
 
Actuarial losses
 
0.3

 
0.1

 
Other expense, net
Total
 
$
0.3

 
$
0.1