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Comprehensive Income (Tables)
9 Months Ended
Sep. 27, 2014
Comprehensive Income  
Schedule of changes in "Accumulated other comprehensive loss" (net of tax)

 

(In millions)

 

Cash Flow
Hedges

 

Pension and
Other
Postretirement
Benefits

 

Foreign
Currency
Translation

 

Total

 

Balance as of December 28, 2013

 

$

(1.0

)

$

(418.1

)

$

138.0

 

$

(281.1

)

Other comprehensive loss before reclassifications, net of tax

 

(1.2

)

(1.0

)

(83.5

)

(85.7

)

Reclassifications to net income, net of tax

 

1.1

 

12.1

 

 

13.2

 

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

 

(.1

)

11.1

 

(83.5

)

(72.5

)

Balance as of September 27, 2014

 

$

(1.1

)

$

(407.0

)

$

54.5

 

$

(353.6

)

 

 

(In millions)

 

Cash Flow
Hedges

 

Pension and
Other
Postretirement
Benefits

 

Foreign
Currency
Translation

 

Total

 

Balance as of December 29, 2012

 

$

(2.0

)

$

(456.5

)

$

180.5

 

$

(278.0

)

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

 

.2

 

57.3

 

(21.9

)

35.6

 

Reclassifications to net income, net of tax

 

(.4

)

4.4

 

10.8

 

14.8

 

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

 

(.2

)

61.7

 

(11.1

)

50.4

 

Balance as of September 28, 2013

 

$

(2.2

)

$

(394.8

)

$

169.4

 

$

(227.6

)

 

Schedule of amounts reclassified from "Accumulated other comprehensive loss" to increase (decrease) income from continuing operations

 

 

 

Amounts Reclassified from Accumulated
Other Comprehensive Loss

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

(In millions)

 

September
27, 2014

 

September

28, 2013

 

September
27, 2014

 

September
28, 2013

 

Affected Line Item in
the Statements Where
Net Income is
Presented

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(.2

)

$

.5

 

$

(1.7

)

$

1.3

 

Cost of products sold

 

Commodity contracts

 

 

(.1

)

.2

 

(.8

)

Cost of products sold

 

 

 

(.2

)

.4

 

(1.5

)

.5

 

Total before tax

 

 

 

.2

 

(.1

)

.4

 

(.2

)

Provision for income taxes

 

 

 

 

.3

 

(1.1

)

.3

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and other postretirement benefits(1)

 

(5.7

)

(5.7

)

(17.6

)

(17.7

)

 

 

 

 

1.6

 

1.9

 

5.5

 

5.9

 

Provision for income taxes

 

 

 

(4.1

)

(3.8

)

(12.1

)

(11.8

)

Net of tax

 

Total reclassifications for the period

 

$

(4.1

)

$

(3.5

)

$

(13.2

)

$

(11.5

)

Total, net of tax

 

(1)

See Note 6, “Pension and Other Postretirement Benefits,” for more information.

Income tax expense (benefit) allocated to each component of other comprehensive loss (income):

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

(In millions)

 

September 27,
2014

 

September 28,
2013

 

September 27,
2014

 

September 28,
2013

 

Pension and other postretirement benefits

 

$

1.6 

 

$

31.3 

 

$

5.5 

 

$

35.6 

 

Cash flow hedges

 

.1

 

(.8

)

 

(.2

)

Income tax expense related to components of other comprehensive loss (income)

 

$

1.7 

 

$

30.5 

 

$

5.5 

 

$

35.4