Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 03, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in accumulated other comprehensive loss by component are summarized below ($ in millions).

	Foreign Currency Translation Adjustments			Unrealized Gain (Loss) on Cash Flow Hedges			Unrealized Pension Costs			Total Accumulated Other Comprehensive Loss
Three Months Ended July 3, 2020
Balance at April 3, 2020	$	(153.6	)	$	(8.8	)	$	(27.5	)	$	(189.9	)
Other comprehensive income before reclassifications:
Increase	19.9			—			—			19.9
Income tax impact	13.2			—			—			13.2
Other comprehensive income before reclassifications, net of income taxes	33.1			—			—			33.1
Amounts reclassified from accumulated other comprehensive loss:
Increase	—			—			0.3			0.3
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—			—			0.3			0.3
Net current period other comprehensive income, net of income taxes	33.1			—			0.3			33.4
Balance at July 3, 2020	$	(120.5	)	$	(8.8	)	$	(27.2	)	$	(156.5	)

	Foreign Currency Translation Adjustments			Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs			Total Accumulated Other Comprehensive Loss
Three Months Ended June 28, 2019
Balance at March 29, 2019	$	(112.1	)	$	—	$	(3.8	)	$	(115.9	)
Other comprehensive income before reclassifications:
Increase	31.2			—		—			31.2
Other comprehensive loss before reclassifications, net of income taxes	31.2			—		—			31.2
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—			—		(1.1		)	(1.1		)
Income tax impact	—			—		0.4			0.4
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—			—		(0.7		)	(0.7		)
Net current period other comprehensive income (loss), net of income taxes	31.2			—		(0.7		)	30.5
Balance at June 28, 2019	$	(80.9	)	$	—	$	(4.5	)	$	(85.4	)

	Foreign Currency Translation Adjustments			Unrealized Gain (Loss) on Cash Flow Hedges			Unrealized Pension Costs			Total Accumulated Other Comprehensive Loss
Six Months Ended July 3, 2020
Balance at December 31, 2019	$	(116.4	)	$	0.1		$	(27.9	)	$	(144.2	)
Other comprehensive loss before reclassifications:
Decrease	(2.2		)	(11.7		)	—			(13.9		)
Income tax impact	(1.9		)	2.8			—			0.9
Other comprehensive loss before reclassifications, net of income taxes	(4.1		)	(8.9		)	—			(13.0		)
Amounts reclassified from accumulated other comprehensive loss:
Increase	—			—			0.8			0.8
Income tax impact	—			—			(0.1		)	(0.1		)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—			—			0.7			0.7
Net current period other comprehensive (loss) income, net of income taxes	(4.1		)	(8.9		)	0.7			(12.3		)
Balance at July 3, 2020	$	(120.5	)	$	(8.8	)	$	(27.2	)	$	(156.5	)

	Foreign Currency Translation Adjustments			Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs				Total Accumulated Other Comprehensive Loss
Six Months Ended June 28, 2019
Balance at December 31, 2018	$	(74.3	)	$	—	$	(3.9	)		$	(78.2	)
Other comprehensive loss before reclassifications:
Decrease	(6.6		)	—		—				(6.6		)
Other comprehensive loss before reclassifications, net of income taxes	(6.6		)	—		—				(6.6		)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—			—		(0.9		)	(a)	(0.9		)
Income tax impact	—			—		0.3				0.3
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—			—		(0.6		)		(0.6		)
Net current period other comprehensive loss, net of income taxes	(6.6		)	—		(0.6		)		(7.2		)
Balance at June 28, 2019	$	(80.9	)	$	—	$	(4.5	)		$	(85.4	)