Comprehensive Income (Tables)

6 Months Ended

Jul. 01, 2017

Comprehensive Income

Schedule of changes in "Accumulated other comprehensive loss" (net of tax)

(In millions)	Foreign Currency Translation			Pension and Other Postretirement Benefits			Cash Flow Hedges			Total
Balance as of December 31, 2016	$	(212.6	)	$	(540.3	)	$	1.0		$	(751.9	)
Other comprehensive income (loss) before reclassifications, net of tax	27.2			–			(3.0		)	24.2
Reclassifications to net income, net of tax	–			9.6			1.7			11.3
Net current-period other comprehensive income (loss), net of tax	27.2			9.6			(1.3		)	35.5
Balance as of July 1, 2017	$	(185.4	)	$	(530.7	)	$	(.3	)	$	(716.4	)

(In millions)	Foreign Currency Translation			Pension and Other Postretirement Benefits			Cash Flow Hedges			Total
Balance as of January 2, 2016	$	(158.9	)	$	(521.6	)	$	(2.5	)	$	(683.0	)
Other comprehensive income (loss) before reclassifications, net of tax	5.6			(46.7		)	(1.2		)	(42.3		)
Reclassifications to net income, net of tax	–			35.4			1.1			36.5
Net current-period other comprehensive income (loss), net of tax	5.6			(11.3		)	(.1		)	(5.8		)
Balance as of July 2, 2016	$	(153.3	)	$	(532.9	)	$	(2.6	)	$	(688.8	)

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

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended						Six Months Ended
(In millions)	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016			Affected Line Item in the Statements Where Net Income is Presented
Cash flow hedges:
Foreign exchange contracts	$	–		$	(1.2	)	$	(.9	)	$	(.9	)	Cost of products sold
Commodity contracts	.1			(.3		)	.2			(.6		)	Cost of products sold
Interest rate contracts	–			–			(1.8		)	–			Interest expense
	.1			(1.5		)	(2.5		)	(1.5		)	Total before tax
	–			.4			.8			.4			Provision for income taxes
	.1			(1.1		)	(1.7		)	(1.1		)	Net of tax
Pension and other postretirement benefits(1)	(7.0		)	(47.7		)	(13.9		)	(53.8		)
	2.1			16.5			4.3			18.4			Provision for income taxes
	(4.9		)	(31.2		)	(9.6		)	(35.4		)	Net of tax
Total reclassifications for the period	$	(4.8	)	$	(32.3	)	$	(11.3	)	$	(36.5	)	Total, net of tax

⁽¹⁾ See Note 6, “Pension and Other Postretirement Benefits,” for more information.