XML 65 R13.htm IDEA: XBRL DOCUMENT v3.21.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Oct. 02, 2021
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments, hedging activities and pension and post retirement benefit adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI") a component of Total Equity.
The following tables present changes in AOCI by component for the three and nine months ended October 2, 2021 and September 26, 2020 (in millions):
Three Months Ended
October 2, 2021Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$34.1 $(30.4)$(167.8)$(164.1)
Other Comprehensive Income(Loss) before Reclassifications(4.5)0.1 (15.5)(19.9)
Tax Impact1.1 — — 1.1 
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(14.6)0.4 — (14.2)
Tax Impact3.5 (0.1)— 3.4 
Net Current Period Other Comprehensive Income (Loss)(14.5)0.4 (15.5)(29.6)
Ending Balance$19.6 $(30.0)$(183.3)$(193.7)
September 26, 2020Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$(10.7)$(30.5)$(253.8)$(295.0)
Other Comprehensive Income (Loss) before Reclassifications7.9 (0.1)35.9 43.7 
Tax Impact(1.9)— — (1.9)
Amounts Reclassified from Accumulated Other Comprehensive Income8.2 0.1 — 8.3 
Tax Impact(2.0)— — (2.0)
Net Current Period Other Comprehensive Income12.2 — 35.9 48.1 
Ending Balance$1.5 $(30.5)$(217.9)$(246.9)
Nine Months Ended
October 2, 2021
Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning Balance$23.5 $(31.1)$(155.7)$(163.3)
Other Comprehensive Income (Loss) before Reclassifications32.2 0.1 (27.6)4.7 
Tax Impact(7.7)— — (7.7)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)(37.4)1.3 — (36.1)
Tax Impact9.0 (0.3)— 8.7 
Net Current Period Other Comprehensive Income (Loss)(3.9)1.1 (27.6)(30.4)
Ending Balance$19.6 $(30.0)$(183.3)$(193.7)
Nine Months Ended
September 26, 2020
Hedging ActivitiesPension and Post Retirement Benefit AdjustmentsForeign Currency Translation AdjustmentsTotal
Beginning balance$8.0 $(31.0)$(214.8)$(237.8)
Other Comprehensive Income (Loss) before Reclassifications(16.2)0.2 (3.1)(19.1)
Tax Impact3.9 — — 3.9 
Amounts Reclassified from Accumulated Other Comprehensive Income7.7 0.4 — 8.1 
Tax Impact(1.9)(0.1)— (2.0)
Net Current Period Other Comprehensive Income (Loss)(6.5)0.5 (3.1)(9.1)
Ending Balance$1.5 $(30.5)$(217.9)$(246.9)

The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 14.

The reclassification amounts for pension and post retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Income, Net (see also Note 8).