Accumulated Other Comprehensive Loss

9 Months Ended

Oct. 02, 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 October 2, 2020
Balance at July 3, 2020	$	(120.5)	$	(8.8)	$	(27.2)	$	(156.5)
Other comprehensive income before reclassifications:
Increase	4.0		1.9		—		5.9
Income tax impact	14.6		(0.4)		—		14.2
Other comprehensive income before reclassifications, net of income taxes	18.6		1.5		—		20.1
Amounts reclassified from accumulated other comprehensive loss:
Increase	—		—		0.3		0.3
Income tax impact	—		—		(0.1)		(0.1)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		0.2		0.2
Net current period other comprehensive income, net of income taxes	18.6		1.5		0.2		20.3
Balance at October 2, 2020	$	(101.9)	$	(7.3)	$	(27.0)	$	(136.2)

	Foreign Currency Translation Adjustments		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended September 27, 2019
Balance at June 28, 2019	$	(80.9)	$	—	$	(4.5)	$	(85.4)
Other comprehensive loss before reclassifications:
Decrease	(53.5)		(0.7)		—		(54.2)
Income tax impact	(1.4)		0.1		—		(1.3)
Other comprehensive loss before reclassifications, net of income taxes	(54.9)		(0.6)		—		(55.5)
Balance at September 27, 2019	$	(135.8)	$	(0.6)	$	(4.5)	$	(140.9)

	Foreign Currency Translation Adjustments		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Nine Months Ended October 2, 2020
Balance at December 31, 2019	$	(116.4)	$	0.1	$	(27.9)	$	(144.2)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	1.9		(9.8)		—		(7.9)
Income tax impact	12.6		2.4		—		15.0
Other comprehensive income (loss) before reclassifications, net of income taxes	14.5		(7.4)		—		7.1
Amounts reclassified from accumulated other comprehensive loss:
Increase	—		—		1.1		1.1
Income tax impact	—		—		(0.2)		(0.2)
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		—		0.9		0.9
Net current period other comprehensive income (loss), net of income taxes	14.5		(7.4)		0.9		8.0
Balance at October 2, 2020	$	(101.9)	$	(7.3)	$	(27.0)	$	(136.2)

	Foreign Currency Translation Adjustments		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Nine Months Ended September 27, 2019
Balance at December 31, 2018	$	(74.3)	$	—	$	(3.9)	$	(78.2)
Other comprehensive loss before reclassifications:
Decrease	(60.1)		(0.7)		—		(60.8)
Income tax impact	(1.4)		0.1		—		(1.3)
Other comprehensive loss before reclassifications, net of income taxes	(61.5)		(0.6)		—		(62.1)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		—		(0.9)		(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	(61.5)		(0.6)		(0.6)		(62.7)
Balance at September 27, 2019	$	(135.8)	$	(0.6)	$	(4.5)	$	(140.9)