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Accumulated Other Comprehensive (Loss) Income
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income
With the disposition of the Traditional Business in 2018, the foreign currency translation balances associated with the Traditional Business were recognized in earnings in the period of disposition. Changes in accumulated other comprehensive (loss) income (“AOCI”) by component for the six months ended June 30, 2018 and July 1, 2017 were as follows:
(in millions of U.S. dollars) 1
Gains and Losses
on Derivative
Instruments
 
Pension
Benefit
Plan Items
 
Currency
Translation
Adjustment Items
 
Total
Beginning balance December 31, 2016
$
(0.1
)
 
$
(14.4
)
 
$
(103.4
)
 
$
(117.9
)
OCI before reclassifications
0.5

 
—

 
22.2

 
22.7

Amounts reclassified from AOCI
(1.5
)
 
(0.2
)
 
—

 
(1.7
)
Net current-period OCI
(1.0
)
 
(0.2
)
 
22.2

 
21.0

Ending balance July 1, 2017
$
(1.1
)
 
$
(14.6
)
 
$
(81.2
)
 
$
(96.9
)
Beginning balance December 30, 2017
$
(1.4
)
 
$
(16.8
)
 
$
(76.2
)
 
$
(94.4
)
OCI before reclassifications
(5.7
)
 
—

 
(7.8
)
 
(13.5
)
Amounts reclassified from AOCI
1.4

 
16.9

 
9.4

 
27.7

Net current-period OCI
(4.3
)
 
16.9

 
1.6

 
14.2

Ending balance June 30, 2018
$
(5.7
)
 
$
0.1

 
$
(74.6
)
 
$
(80.2
)
______________________
1
All amounts are net of tax. Amounts in parentheses indicate debits.

The following table summarizes the amounts reclassified from AOCI for the three and six months ended June 30, 2018 and July 1, 2017, respectively:

(in millions of U.S. dollars)
For the Three Months Ended
 
For the Six Months Ended
 
Affected Line Item in the Statement Where Net Income Is Presented
Details About AOCI Components 1
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
 
Gains and losses on derivative instruments
 
 
 
 
 
 
 
 
 
Foreign currency and commodity hedges
$
(0.5
)
 
$
0.8

 
$
(1.4
)
 
$
1.5

 
Cost of sales
 
(0.5
)
 
0.8

 
(1.4
)
 
1.5

 
Total before taxes
 
—

 
—

 
—

 
—

 
Tax expense or (benefit)
 
$
(0.5
)
 
$
0.8

 
$
(1.4
)
 
$
1.5

 
Net of tax
Amortization of pension benefit plan items
 
 
 
 
 
 
 
 
 
Recognized net actuarial loss 2
—

 
—

 
(16.9
)
 
—

 
Gain on sale of discontinued operations
Prior service costs 3
$
—

 
$
0.3

 
$
—

 
$
0.2

 
Cost of sales
 
—

 
0.3

 
(16.9
)
 
0.2

 
Total before taxes
 
—

 
—

 
—

 
—

 
Tax expense or (benefit)
 
$
—

 
$
0.3

 
$
(16.9
)
 
$
0.2

 
Net of tax
Foreign currency translation adjustments
—

 
—

 
(9.4
)
 
—

 
Gain on sale of discontinued operations
Total reclassifications for the period
$
(0.5
)
 
$
1.1

 
$
(27.7
)
 
$
1.7

 
Net of tax
______________________
1
Amounts in parentheses indicate debits.
2
Net of $3.6 million of associated tax impact that resulted in an increase to the gain on the sale of discontinued operations for the six months ended June 30, 2018.
3
These AOCI components are included in the computation of net periodic pension cost.