XML 48 R37.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 29, 2019
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss)
The change in AOCI during the quarters ended June 29, 2019 and June 30, 2018 is as follows:
(In millions)
Foreign
currency
translation
adjustments
 
Derivatives
 
Pension
adjustments
 
Total
Balance of AOCI as of March 31, 2018
$
(32.9
)
 
$
(17.3
)
 
$
(33.9
)
 
$
(84.1
)
Other comprehensive income (loss) before reclassifications (1)
(12.8
)
 
10.8

 

 
(2.0
)
Amounts reclassified from AOCI

 
3.2

(2) 
0.9

(3) 
4.1

Income tax expense (benefit)

 
(0.7
)
 
(0.2
)
 
(0.9
)
Net reclassifications

 
2.5

 
0.7

 
3.2

Net current-period other comprehensive income (loss) (1)
(12.8
)
 
13.3

 
0.7

 
1.2

Balance of AOCI as of June 30, 2018
$
(45.7
)
 
$
(4.0
)
 
$
(33.2
)
 
$
(82.9
)
 
 
 
 
 
 
 
 
Balance of AOCI as of March 30, 2019
$
(50.6
)
 
$
0.6

 
$
(35.7
)
 
$
(85.7
)
Other comprehensive income (loss) before reclassifications (1)
2.6

 
(2.1
)
 

 
0.5

Amounts reclassified from AOCI

 
(1.7
)
(2) 
0.7

(3) 
(1.0
)
Income tax expense (benefit)

 
0.4

 
(0.2
)
 
0.2

Net reclassifications

 
(1.3
)
 
0.5

 
(0.8
)
Net current-period other comprehensive income (loss) (1)
2.6

 
(3.4
)
 
0.5

 
(0.3
)
Balance of AOCI as of June 29, 2019
$
(48.0
)
 
$
(2.8
)
 
$
(35.2
)
 
$
(86.0
)
(1) 
Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.
(2) 
Amounts related to foreign currency derivatives are included in cost of goods sold. 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.
The change in AOCI during the year-to-dates ended June 29, 2019 and June 30, 2019 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)
(13.0
)
 
7.6

 

 
(5.4
)
Amounts reclassified from AOCI

 
5.9

(2) 
1.7

(3) 
7.6

Income tax expense (benefit)

 
(1.5
)
 
(0.3
)
 
(1.8
)
Net reclassifications

 
4.4

 
1.4

 
5.8

Net current-period other comprehensive income (loss) (1)
(13.0
)
 
12.0

 
1.4

 
0.4

Reclassifications to retained earnings (4)

 
(2.1
)
 
(6.0
)
 
(8.1
)
Balance of AOCI as of June 30, 2018
$
(45.7
)
 
$
(4.0
)
 
$
(33.2
)
 
$
(82.9
)
 
 
 
 
 
 
 
 
Balance of AOCI as of December 29, 2018
$
(53.0
)
 
$
0.9

 
$
(36.2
)
 
$
(88.3
)
Other comprehensive income (loss) before reclassifications (1)
5.0

 
(0.8
)
 

 
4.2

Amounts reclassified from AOCI

 
(3.5
)
(2) 
1.3

(3) 
(2.2
)
Income tax expense (benefit)

 
0.6

 
(0.3
)
 
0.3

Net reclassifications

 
(2.9
)
 
1.0

 
(1.9
)
Net current-period other comprehensive income (loss) (1)
5.0

 
(3.7
)
 
1.0

 
2.3

Balance of AOCI as of June 29, 2019
$
(48.0
)
 
$
(2.8
)
 
$
(35.2
)
 
$
(86.0
)
(1) 
Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.
(2) 
Amounts related to foreign currency derivatives are included in cost of goods sold. 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.
(4) 
Amounts reclassified to retained earnings upon adoption of ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities and ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.