Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Jul. 04, 2015

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Note 12—Accumulated Other Comprehensive (Loss) Income

Changes in accumulated other comprehensive (loss) income (“AOCI”) by component¹ for the six months ended July 4, 2015 were as follows:

	July 4, 2015
(in millions of U.S. dollars)	Gains and Losses on Derivative Instruments			Pension Benefit Plan Items			Currency Translation Adjustment Items			Total
Beginning balance January 3, 2015	$	0.2		$	(12.4	)	$	(38.8	)	$	(51.0	)
OCI before reclassifications		(2.6	)		—			(1.3	)		(3.9	)
Amounts reclassified from AOCI		(0.2	)		0.5			—			0.3
Net current-period OCI		(2.8	)		0.5			(1.3	)		(3.6	)
Ending balance July 4, 2015	$	(2.6	)	$	(11.9	)	$	(40.1	)	$	(54.6	)

1. All amounts are net of tax. Amounts in parentheses indicate debits.

The following table summarizes the amounts reclassified from AOCI¹ for the three and six months ended July 4, 2015 and June 28, 2014, 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		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Gains and losses on derivative instruments
Foreign currency and commodity hedges		$	(0.1	)	$	0.1		$	0.2		$	0.2		Cost of sales
		$	(0.1	)	$	0.1		$	0.2		$	0.2		Total before taxes
			0.1			—			—			—		Tax (expense) or benefit
		$	—		$	0.1		$	0.2		$	0.2		Net of tax
Amortization of pension benefit plan items
Prior service costs	2	$	(0.4	)	$	(0.2	)	$	(0.5	)	$	(0.2	)
			(0.4	)		(0.2	)		(0.5	)		(0.2	)	Total before taxes
			—			—			—			—		Tax (expense) or benefit
		$	(0.4	)	$	(0.2	)	$	(0.5	)	$	(0.2	)	Net of tax
Total reclassifications for the period		$	(0.4	)	$	(0.1	)	$	(0.3	)	$	—		Net of tax

1. Amounts in parentheses indicate debits.

2. These AOCI components are included in the computation of net periodic pension cost.