XML 140 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 28, 2019
Statement of Comprehensive Income [Abstract]  
Consolidated Accumulated Other Comprehensive Income (Loss) Consolidated Accumulated Other Comprehensive Income (Loss)
With the Traditional Business Disposition in 2018, the foreign currency translation balances associated with the Traditional Business were recognized in earnings in the period of disposition. Changes in consolidated accumulated other comprehensive income (loss) (“AOCI”) by component for the years ended December 28, 2019, December 29, 2018 and December 30, 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
Balance December 31, 2016
$
(0.1
)
 
$
(14.4
)
 
$
(103.4
)
 
$
(117.9
)
    OCI before reclassifications
—

 
(2.7
)
 
27.2

 
24.5

    Amounts reclassified from AOCI
(1.3
)
 
0.3

 
—

 
(1.0
)
Net current-period OCI
(1.3
)
 
(2.4
)
 
27.2

 
23.5

Balance December 30, 2017
$
(1.4
)
 
$
(16.8
)
 
$
(76.2
)
 
$
(94.4
)
    OCI before reclassifications
(14.5
)
 
0.2

 
(25.5
)
 
(39.8
)
    Amounts reclassified from AOCI
6.2

 
16.9

 
9.4

 
32.5

Net current-period OCI
(8.3
)
 
17.1

 
(16.1
)
 
(7.3
)
Balance December 29, 2018
$
(9.7
)
 
$
0.3

 
$
(92.3
)
 
$
(101.7
)
    OCI before reclassifications
12.9

 
(1.3
)
 
13.6

 
25.2

    Amounts reclassified from AOCI
8.0

 
—

 
—

 
8.0

Net current-period OCI
20.9

 
(1.3
)
 
13.6

 
33.2

Balance December 28, 2019
$
11.2

 
$
(1.0
)
 
$
(78.7
)
 
$
(68.5
)
______________________
1
All amounts are net of tax.
The following table summarizes the amounts reclassified from AOCI to total net income for the years ended December 28, 2019, December 29, 2018 and December 30, 2017:
(in millions of U.S. dollars)
For the Year Ended
 
Affected Line Item in the Statement Where Net Income Is Presented
Details About
AOCI Components 1
December 28, 2019
 
December 29, 2018
 
December 30, 2017
 
Gains and losses on derivative instruments

 

 

 

Foreign currency and commodity hedges
$
(8.0
)
 
$
(6.2
)
 
$
1.3

 
Cost of sales
 
$
(8.0
)
 
$
(6.2
)
 
$
1.3

 
Total before taxes
 
—

 
—

 
—

 
Tax (expense) or benefit
 
$
(8.0
)
 
$
(6.2
)
 
$
1.3

 
Net of tax
Amortization of pension benefit plan items

 

 

 

Recognized net actuarial loss 2
$
—

 
$
(16.9
)
 
$
—

 
Gain on sale of discontinued operations
Actuarial (losses)/gains 3
—

 
—

 
(0.3
)
 

 
—

 
(16.9
)
 
(0.3
)
 
Total before taxes
 
—

 
—

 
—

 
Tax (expense) or benefit
 
$
—

 
$
(16.9
)
 
$
(0.3
)
 
Net of tax
Foreign currency translation adjustments
—


(9.4
)

—


Gain on sale of discontinued operations
Total reclassifications for the period
$
(8.0
)
 
$
(32.5
)
 
$
1.0

 
Net of tax
______________________
1  
Amounts in parenthesis 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 year ended December 29, 2018.
3
This AOCI component is included in the computation of net periodic pension cost.