Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 27, 2020

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The change in AOCI during the quarters ended June 27, 2020 and June 29, 2019 is as follows:

(In millions)	Foreign currency translation adjustments		Derivatives			Pension adjustments			Total
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)
Balance of AOCI as of March 28, 2020	$	(58.5)	$	(5.6)		$	(47.4)		$	(111.5)
Other comprehensive income (loss) before reclassifications (1)	2.6		(1.8)			—			0.8
Amounts reclassified from AOCI	—		(2.4)		(2)	1.7		(3)	(0.7)
Income tax expense (benefit)	—		0.3			(0.4)			(0.1)
Net reclassifications	—		(2.1)			1.3			(0.8)
Net current-period other comprehensive income (loss) (1)	2.6		(3.9)			1.3			—
Balance of AOCI as of June 27, 2020	$	(55.9)	$	(9.5)		$	(46.1)		$	(111.5)

⁽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 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.

The change in AOCI during the year-to-dates ended June 27, 2020 and June 29, 2019 is as follows:

(In millions)	Foreign currency translation adjustments		Derivatives			Pension adjustments			Total
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 accumulated other comprehensive income (loss)	—		(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)
Balance of AOCI as of December 28, 2019	$	(47.6)	$	(5.8)		$	(48.7)		$	(102.1)
Other comprehensive income (loss) before reclassifications (1)	(8.3)		(0.7)			—			(9.0)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(3.6)		(2)	3.3		(3)	(0.3)
Income tax expense (benefit)	—		0.6			(0.7)			(0.1)
Net reclassifications	—		(3.0)			2.6			(0.4)
Net current-period other comprehensive income (loss) (1)	(8.3)		(3.7)			2.6			(9.4)
Balance of AOCI as of June 27, 2020	$	(55.9)	$	(9.5)		$	(46.1)		$	(111.5)

⁽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 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.