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Comprehensive Income (Tables)
6 Months Ended
Jun. 29, 2013
Comprehensive Income  
Schedule of changes in "Accumulated other comprehensive loss" (net of tax)

 

(In millions)

 

Net Gain
(Loss) on
Derivative
Instruments
Designated as
Cash Flow and
Firm
Commitment
Hedges

 

Net Actuarial
Gain (Loss),
Prior Service
Cost and Net
Transition
Assets, Less
Amortization

 

Foreign
Currency
Translation
Adjustment

 

Total

 

Balance as of December 29, 2012

 

$

(2.0

)

$

(456.5

)

$

180.5

 

$

(278.0

)

Other comprehensive income (loss) before reclassifications, net of tax

 

1.0

 

 

(56.5

)

(55.5

)

Amounts reclassified into net income, net of tax

 

(.1

)

8.6

 

 

8.5

 

Net current-period other comprehensive income (loss), net of tax

 

.9

 

8.6

 

(56.5

)

(47.0

)

Balance as of June 29, 2013

 

$

(1.1

)

$

(447.9

)

$

124.0

 

$

(325.0

)

Schedule of amounts reclassified from "Accumulated other comprehensive loss" on net income

 

 

Amounts Reclassified from Accumulated
Other Comprehensive Loss

 

 

 

(in millions)

 

Three Months Ended
June 29, 2013

 

Six Months Ended
June 29, 2013

 

Affected Line Item in the
Statement Where Net
Income is Presented

 

Gains (losses) on cash flow hedges:

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

.3

 

$

.8

 

Cost of products sold

 

Commodity contracts

 

(.2

)

(.7

)

Cost of products sold

 

Interest rate contracts

 

 

 

Interest expense

 

 

 

 

.1

 

 

.1

 

Total before tax

 

 

 

.1

 

.1

 

Income tax expense

 

 

 

 

 

 

 

Net of tax

 

Amortization of defined benefit pension items

 

 

(5.9

)

 

(12.0

)

(a)

 

 

 

2.0

 

4.0

 

Benefit from income taxes

 

 

 

 

(3.9

)

 

(8.0

)

Net of tax

 

Total reclassifications for the period

 

$

(3.9

)

$

(8.0

)

Total, net of tax

 

 

(a) See Note 6, “Pension and Other Postretirement Benefits,” for further information.

Tax expenses allocated to each component of other comprehensive (loss) income

 

Three Months Ended

 

Six Months Ended

 

(In millions)

 

June 29,
2013

 

June 30,
2012

 

June 29,
2013

 

June 30,
2012

 

Net actuarial loss, prior service cost and net transition asset

 

$

2.3

 

$

1.3

 

$

4.3

 

$

2.6

 

Effective portion of gains or losses on cash flow hedges

 

.3

 

.7

 

.6

 

1.4

 

Income tax expense related to components of other comprehensive loss

 

$

2.6

 

$

2.0

 

$

4.9

 

$

4.0