Changes in Estimates Changes in Estimates (Tables)

3 Months Ended

Mar. 31, 2016

Accounting Changes and Error Corrections [Abstract]

Schedule of Change in Accounting Estimate [Table Text Block]

	For the Three Months Ended
Changes in Estimates	March 31, 2016		April 2, 2015
Favorable Cumulative Catch-up Adjustment by Segment
Fuselage	$	16.2	$	2.7
Propulsion	5.9		9.3
Wing	10.1		—
Total Favorable Cumulative Catch-up Adjustment	$	32.2	$	12.0
Changes in Estimates on Loss Programs
Fuselage
Boeing - All other platforms	$	3.1	$	2.9
Total Fuselage Change in Estimate on Loss Programs	$	3.1	$	2.9
Propulsion
Boeing - All other platforms	$	5.5	$	—
Rolls-Royce BR725	3.4		—
Total Propulsion Change in Estimate on Loss Programs	$	8.9	$	—
Wing
Boeing - All other platforms	$	3.0	$	—
Total Wing Change in Estimate on Loss Programs	$	3.0	$	—
Total Change in Estimate on Loss Programs	$	15.0	$	2.9
Total Change in Estimate	$	47.2	$	14.9
EPS Impact (diluted per share based upon statutory rates)	$	0.22	$	0.07

The Company is currently working on several maturing programs which are in various stages of production, including the B787, A350 XWB and BR725 programs. These programs carry risks associated with design responsibility, development of production tooling, production inefficiencies during the early phases of production, hiring and training of qualified personnel, increased capital and funding commitments, supplier performance, delivery schedules and unique customer requirements.  The Company has previously recorded forward loss charges on these programs. If the risks related to these programs are not mitigated, then the Company could record additional forward loss charges.