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Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The following summarizes the change in accumulated other comprehensive income (loss) for the three months ended March 30, 2018 and March 31, 2017:
 
Currency Translation
 
Unrecognized Loss on Derivatives
 
Unrecognized Loss on Benefit Plans
 
Unrecognized Gain on Investment (1)
 
Accumulated Other Comprehensive Income (Loss) (1)
Balance at December 29, 2017
$
(8.2
)
 
$
(4.7
)
 
$
(1.5
)
 
$

 
$
(14.4
)
Other comprehensive loss before reclassifications
(2.3
)
 

 

 

 
(2.3
)
Amounts reclassified from accumulated other comprehensive income (loss)

 
0.4

 
(0.5
)
 

 
(0.1
)
Net current period other comprehensive (loss) income
(2.3
)
 
0.4

 
(0.5
)
 

 
(2.4
)
Balance at March 30, 2018
$
(10.5
)
 
$
(4.3
)
 
$
(2.0
)
 
$

 
$
(16.8
)

(1)
Upon adoption of ASU 2016-01, a reclassification of $1.5 million relating to the unrealized gain on investment resulted in an increase to beginning retained earnings with an offsetting decrease to accumulated other comprehensive income (loss). See Note 2 for additional details.


 
Currency Translation
 
Unrecognized Loss on Derivatives
 
Unrecognized Loss on Benefit Plans
 
Unrecognized Gain on Investment
 
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

 

 
6.6

 
13.4

 
27.1

Amounts reclassified from accumulated other comprehensive (loss) income
(4.7
)
 
0.2

 
40.0

 

 
35.5

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
)
Schedule of Reclassifications out of Accumulated Other Comprehensive Income
The following summarizes reclassifications from accumulated other comprehensive income (loss) for the three months ended March 30, 2018 and March 31, 2017:
 
Amount Reclassified from
Accumulated Other Comprehensive Income (Loss)
 
 
 
Three Months Ended
 
 
 
March 30,
2018
 
March 31,
2017
 
Line Item in the Unaudited Condensed Consolidated
Statement of Income
Currency translation
$

 
$
(4.7
)
 
Income from discontinued operations, net of income taxes
 
 
 
 
 
 
Amortization and other of unrealized loss on derivatives
0.4

 
0.2

 
Interest expense
Income tax provision

 

 
Income tax benefit
Net of income taxes
0.4

 
0.2

 
 
 
 
 
 
 
 
Amortization of pension and post-retirement benefit plans:
 
 
 
 
 
Net actuarial loss
0.1

 
1.5

 
(1)  
Prior service credit
(0.5
)
 
(0.6
)
 
(1)  
Divestiture of discontinued operations

 
(3.1
)
 
Income from discontinued operations, net of income taxes
Plan settlements
(0.1
)
 
69.2

 
(1)  
Total before tax
(0.5
)
 
67.0

 
 
Income tax provision

 
(27.0
)
 
Income tax benefit
Net of income taxes
(0.5
)
 
40.0

 
 
 
 
 
 
 
 
Total reclassifications for the period
$
(0.1
)
 
$
35.5

 
 
(1)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit cost. See Note 13 for additional details.