Accumulated Other Comprehensive Income (Loss)

8 Months Ended

Sep. 12, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) 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 the 12 weeks ended September 12, 2015 and September 6, 2014 is as follows:

(In millions)	Foreign currency translation adjustments			Foreign exchange contracts				Interest rate swaps				Pension adjustments				Total
Balance of accumulated other comprehensive income (loss) as of June 14, 2014	$	0.3		$	0.5			$	0.2			$	(7.3	)		$	(6.3	)
Other comprehensive income (loss) before reclassifications (1)	(3.8		)	2.7				—				—				(1.1		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(0.2		)	(2)	—				1.7			(4)	1.5
Income tax expense (benefit)	—			0.1				—				(0.5		)		(0.4		)
Net reclassifications	—			(0.1		)		—				1.2				1.1
Net current-period other comprehensive income (loss) (1)	(3.8		)	2.6				—				1.2				—
Balance of accumulated other comprehensive income (loss) as of September 6, 2014	$	(3.5	)	$	3.1			$	0.2			$	(6.1	)		$	(6.3	)
Balance of accumulated other comprehensive income (loss) as of June 20, 2015	$	(26.1	)	$	5.9			$	(0.3	)		$	(35.4	)		$	(55.9	)
Other comprehensive income (loss) before reclassifications (1)	(11.8		)	3.8				(4.0		)		—				(12.0		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(6.6		)	(2)	1.6			(3)	4.8			(4)	(0.2		)
Income tax expense (benefit)	—			2.2				(0.6		)		(1.6		)		—
Net reclassifications	—			(4.4		)		1.0				3.2				(0.2		)
Net current-period other comprehensive income (loss) (1)	(11.8		)	(0.6		)		(3.0		)		3.2				(12.2		)
Balance of accumulated other comprehensive income (loss) as of September 12, 2015	$	(37.9	)	$	5.3			$	(3.3	)		$	(32.2	)		$	(68.1	)

⁽¹⁾  Other comprehensive income is reported net of taxes and noncontrolling interest.

⁽²⁾  Amounts reclassified are included in cost of goods sold.

⁽³⁾  Amounts reclassified are included in interest expense.

⁽⁴⁾  Amounts reclassified are included in the computation of net pension expense.

The change in accumulated other comprehensive income (loss) during the 36 weeks endedSeptember 12, 2015 and September 6, 2014 is as follows:

(In millions)	Foreign currency translation adjustments			Foreign exchange contracts				Interest rate swaps				Pension adjustments				Total
Balance of accumulated other comprehensive income (loss) as of December 28, 2013	$	0.5		$	(0.8	)		$	0.6			$	(9.5	)		$	(9.2	)
Other comprehensive income (loss) before reclassifications (1)	(4.0		)	3.5				(0.4		)		—				(0.9		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			0.6			(2)	—				5.2			(4)	5.8
Income tax expense (benefit)	—			(0.2		)		—				(1.8		)		(2.0		)
Net reclassifications	—			0.4				—				3.4				3.8
Net current-period other comprehensive income (loss) (1)	(4.0		)	3.9				(0.4		)		3.4				2.9
Balance of accumulated other comprehensive income (loss) as of September 6, 2014	$	(3.5	)	$	3.1			$	0.2			$	(6.1	)		$	(6.3	)
Balance of accumulated other comprehensive income (loss) as of January 3, 2015	$	(16.9	)	$	8.6			$	0.4			$	(41.6	)		$	(49.5	)
Other comprehensive income (loss) before reclassifications (1)	(21.0		)	6.3				(4.7		)		—				(19.4		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(14.0		)	(2)	1.6			(3)	14.5			(4)	2.1
Income tax expense (benefit)	—			4.4				(0.6		)		(5.1		)		(1.3		)
Net reclassifications	—			(9.6		)		1.0				9.4				0.8
Net current-period other comprehensive income (loss) (1)	(21.0		)	(3.3		)		(3.7		)		9.4				(18.6		)
Balance of accumulated other comprehensive income (loss) as of September 12, 2015	$	(37.9	)	$	5.3			$	(3.3	)		$	(32.2	)		$	(68.1	)

⁽¹⁾  Other comprehensive income is reported net of taxes and noncontrolling interest.

⁽²⁾  Amounts reclassified are included in cost of goods sold.

⁽³⁾  Amounts reclassified are included in interest expense.

⁽⁴⁾  Amounts reclassified are included in the computation of net pension expense.