Comprehensive Income

6 Months Ended

Jul. 02, 2011

Comprehensive Income [Abstract]

Comprehensive Income (Loss)

Note 12. Comprehensive Income

Comprehensive income includes net income, foreign currency translation adjustment, net actuarial loss, prior service cost and net transition assets, net of tax, and the gains or losses on the effective portion of cash flow and firm commitment hedges, net of tax, that are currently presented as a component of shareholders’ equity. The Company’s total comprehensive income was $77.4 million and $191.8 million for the three and six months ended July 2, 2011, respectively, and $37.5 million and $66 million for the three and six months ended July 3, 2010, respectively.

The components of “Accumulated other comprehensive loss” (net of tax, with the exception of the foreign currency translation adjustment) in the unaudited Condensed Consolidated Balance Sheets were as follows:

(In millions)	July 2, 2011			January 1, 2011
Foreign currency translation adjustment	$	253.0		$	187.3
Net actuarial loss, prior service cost and net transition assets, less amortization		(316.1	)		(321.2	)
Net loss on derivative instruments designated as cash flow and firm commitment hedges		(6.1	)		(9.0	)
Accumulated other comprehensive loss	$	(69.2	)	$	(142.9	)

Cash flow and firm commitment hedging instrument activities in other comprehensive loss, net of tax, for the six months ended July 2, 2011, were as follows:

(In millions)
Beginning accumulated derivative loss	$	(9.0	)
Net loss reclassified to earnings		4.0
Net change in the revaluation of hedging transactions		(1.1	)
Ending accumulated derivative loss	$	(6.1	)