Accumulated Other Comprehensive Loss

3 Months Ended

Apr. 02, 2021

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
Balance, December 31, 2020	$	(62.5)	$	(6.3)	$	(23.0)	$	(91.8)
Other comprehensive (loss) income before reclassifications:
(Decrease) increase	(43.4)		1.8		—		(41.6)
Income tax impact	(10.3)		(0.4)		—		(10.7)
Other comprehensive (loss) income before reclassifications, net of income taxes	(53.7)		1.4		—		(52.3)
Amounts reclassified from accumulated other comprehensive (loss) income:
Increase	—		—		0.2		0.2
Income tax impact	—		—		—		—
Amounts reclassified from accumulated other comprehensive (loss) income, net of income taxes	—		—		0.2		0.2
Net current period other comprehensive (loss) income, net of income taxes	(53.7)		1.4		0.2		(52.1)
Balance, April 2, 2021	$	(116.2)	$	(4.9)	$	(22.8)	$	(143.9)

	Foreign Currency Translation Adjustments		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Balance, December 31, 2019	$	(116.4)	$	0.1	$	(27.9)	$	(144.2)
Other comprehensive (loss) income before reclassifications:
Decrease	(22.1)		(11.7)		—		(33.8)
Income tax impact	(15.1)		2.8		—		(12.3)
Other comprehensive (loss) income before reclassifications, net of income taxes	(37.2)		(8.9)		—		(46.1)
Amounts reclassified from accumulated other comprehensive (loss) income:
Increase	—		—		0.5		0.5
Income tax impact	—		—		(0.1)		(0.1)
Amounts reclassified from accumulated other comprehensive (loss) income, net of income taxes	—		—		0.4		0.4
Net current period other comprehensive income (loss), net of income taxes	(37.2)		(8.9)		0.4		(45.7)
Balance, April 3, 2020	$	(153.6)	$	(8.8)	$	(27.5)	$	(189.9)