XML 31 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income
3 Months Ended
Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
13.
Accumulated Other Comprehensive Income
The following summarizes the change in accumulated other comprehensive income for the three months ended March 31, 2017 and March 25, 2016:
 
Currency Translation
 
Unrecognized Gain (Loss) on Derivatives
 
Unrecognized Gain (Loss) on Benefit Plans
 
Unrecognized Gain on Equity Securities
 
Accumulated Other Comprehensive Income (Loss)
Balance at December 30, 2016
$
(19.5
)
 
$
(5.7
)
 
$
(47.3
)
 
$

 
$
(72.5
)
Other comprehensive income before reclassifications
7.1

 

 
10.2

 
13.4

 
30.7

Amounts reclassified from accumulated other comprehensive income
(4.7
)
 
0.2

 
36.4

 

 
31.9

Net current period other comprehensive income
2.4

 
0.2

 
46.6

 
13.4

 
62.6

Balance at March 31, 2017
$
(17.1
)
 
$
(5.5
)
 
$
(0.7
)
 
$
13.4

 
$
(9.9
)


 
Currency Translation
 
Unrecognized Gain (Loss) on Derivatives
 
Unrecognized Gain (Loss) on Benefit Plans
 
Unrecognized Gain on Equity Securities
 
Accumulated Other Comprehensive Income (Loss)
Balance at December 25, 2015
$
(7.9
)
 
$
(6.3
)
 
$
(51.1
)
 
$

 
$
(65.3
)
Other comprehensive income (loss) before reclassifications
8.8

 

 
(12.4
)
 

 
(3.6
)
Amounts reclassified from accumulated other comprehensive income

 
0.2

 
3.6

 

 
3.8

Net current period other comprehensive income (loss)
8.8

 
0.2

 
(8.8
)
 

 
0.2

Balance at March 25, 2016
$
0.9

 
$
(6.1
)
 
$
(59.9
)
 
$

 
$
(65.1
)

The following summarizes reclassifications from accumulated other comprehensive income for the three months ended March 31, 2017 and March 25, 2016:
 
Amount Reclassified from
Accumulated Other Comprehensive Income
 
 
 
Three Months Ended March 31, 2017
 
Three Months Ended March 25, 2016
 
Line Item in the Unaudited Condensed Consolidated
Statement of Income
Amortization of unrealized loss on derivatives
$
0.2

 
$
0.2

 
Interest expense
Income tax provision

 

 
Income tax benefit
Net of income taxes
0.2

 
0.2

 
 
 
 
 
 
 
 
Amortization of pension and post-retirement benefit plans:
 
 
 
 
 
Net actuarial loss
2.3

 
2.6

 
(1) 
Prior service credit
(0.6
)
 
(0.7
)
 
(1) 
Divestiture of discontinued operations
(3.1
)
 

 
Income from discontinued operations, net of income taxes
Plan settlements
69.2

 
3.7

 
(1) Selling, general and
      administrative expenses
Total before tax
67.8

 
5.6

 
 
Income tax provision
(31.4
)
 
(2.0
)
 
Income tax benefit
Net of income taxes
36.4

 
3.6

 
 
 
 
 
 
 
 
Currency translation
(4.7
)
 

 
Income from discontinued operations, net of income taxes
 
 
 
 
 
 
Total reclassifications for the period
$
31.9

 
$
3.8

 
 
(1)
These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. See Note 12 for additional details.