Accumulated Other Comprehensive (Loss) Income (Tables)

3 Months Ended

Apr. 01, 2017

Changes in Accumulated Other Comprehensive (Loss) Income by Component

Changes in accumulated other comprehensive (loss) income (“AOCI”) by component for the three months ended April 1, 2017 and April 2, 2016 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 January 2, 2016	$	(4.7	)	$	(10.1	)	$	(61.4	)	$	(76.2	)

OCI before reclassifications		1.5			—			(3.2	)		(1.7	)
Amounts reclassified from AOCI		(1.0	)		0.1			—			(0.9	)

Net current-period OCI		0.5			0.1			(3.2	)		(2.6	)

Ending balance April 2, 2016	$	(4.2	)	$	(10.0	)	$	(64.6	)	$	(78.8	)

Beginning balance December 31, 2016	$	(0.1	)	$	(14.4	)	$	(103.4	)	$	(117.9	)

OCI before reclassifications		3.1			—			9.7			12.8
Amounts reclassified from AOCI		(0.7	)		0.1			—			(0.6	)

Net current-period OCI		2.4			0.1			9.7			12.2

Ending balance April 1, 2017	$	2.3		$	(14.3	)	$	(93.7	)	$	(105.7	)

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

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

The following table summarizes the amounts reclassified from AOCI for the three months ended April 1, 2017 and April 2, 2016, respectively.


(in millions of U.S. dollars)	For the Three Months Ended						Affected Line Item in the Statement
Details About AOCI Components¹	April 1, 2017			April 2, 2016			Where Net Income Is Presented
Gains and losses on derivative instruments Foreign currency and commodity hedges	$	0.7		$	1.6		Cost of sales

	$	0.7		$	1.6		Total before taxes
		—			(0.6	)	Tax expense

	$	0.7		$	1.0		Net of tax

Amortization of pension benefit plan items Prior service costs ²	$	(0.1	)	$	(0.1	)	Cost of sales

		(0.1	)		(0.1	)	Total before taxes
		—			—		Tax expense

	$	(0.1	)	$	(0.1	)	Net of tax

Total reclassifications for the period	$	0.6		$	0.9		Net of tax

^1.	Amounts in parenthesis indicate debits.

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