SUPPLEMENTAL EQUITY AND COMPREHENSIVE INCOME INFORMATION (Tables)

12 Months Ended

Jan. 01, 2022

Stockholders' Equity Note [Abstract]

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

The changes in “Accumulated other comprehensive loss” (net of tax) for 2021 and 2020 were as follows:

(In millions)	Foreign Currency Translation			Pension and Other Postretirement Benefits			Cash Flow Hedges			Total
Balance as of December 28, 2019	$	(245.1	)	$	(101.8	)	$	(1.2	)	$	(348.1	)
Other comprehensive income (loss) before reclassifications, net of tax		(3.0	)		6.2			(7.5	)		(4.3	)
Reclassifications to net income, net of tax		–			2.9			(.1	)		2.8
Net current-period other comprehensive income (loss), net of tax		(3.0	)		9.1			(7.6	)		(1.5	)
Balance as of January 2, 2021	$	(248.1	)	$	(92.7	)	$	(8.8	)	$	(349.6	)
Other comprehensive income (loss) before reclassifications, net of tax		30.7			27.9			5.4			64.0
Reclassifications to net income, net of tax		–			4.4			(1.7	)		2.7
Net current-period other comprehensive income (loss), net of tax		30.7			32.3			3.7			66.7
Balance as of January 1, 2022	$	(217.4	)	$	(60.4	)	$	(5.1	)	$	(282.9	)

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

The amounts reclassified from “Accumulated other comprehensive loss” to increase (decrease) net income were as follows:

(In millions)	2021			2020			2019			Statements of Income Location
Cash flow hedges:
Foreign exchange contracts	$	1.3		$	.7		$	2.1		Cost of products sold
Commodity contracts		.9			(.6	)		(.2	)	Cost of products sold
Total before tax		2.2			.1			1.9
Tax		(.5	)		–			(.5	)	Provision for (benefit from) income taxes
Net of tax		1.7			.1			1.4
Pension and other postretirement benefits		(6.0	)		(3.8	)		(445.4	)	Other non-operating expense (income), net
Tax		1.6			.9			179.3		Provision for (benefit from) income taxes
Net of tax		(4.4	)		(2.9	)		(266.1	)
Total reclassifications for the period	$	(2.7	)	$	(2.8	)	$	(264.7	)

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

The following table sets forth the income tax (benefit) expense allocated to each component of other comprehensive income (loss): 

(In millions)	2021			2020			2019
Foreign currency translation:
Translation gain (loss)	$	(23.2	)	$	27.5		$	(5.5	)
Pension and other postretirement benefits:
Net gain recognized from actuarial gain/loss and prior service cost/credit		8.5			3.1			19.4
Reclassifications to net income		1.6			.9			179.3
Cash flow hedges:
Gains (losses) recognized on cash flow hedges		1.7			(2.3	)		.2
Reclassifications to net income		(.5	)		–			(.5	)
Income tax (benefit) expense allocated to components of other comprehensive income (loss)	$	(11.9	)	$	29.2		$	192.9