Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 28, 2019

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following is a summary of net changes in Accumulated OCI by component and net of tax for 2019 and 2018:

(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of 2017 year end	$	(82.5)	$	14.5	$	(261.0)	$	(329.0)
Other comprehensive loss before reclassifications	(95.4)		(0.8)		(59.0)		(155.2)
Amounts reclassified from Accumulated OCI	—		(1.5)		23.5		22.0
Net other comprehensive loss	(95.4)		(2.3)		(35.5)		(133.2)
Balance as of 2018 year end	$	(177.9)	$	12.2	$	(296.5)	$	(462.2)
Impact of the Tax Act on Accumulated Other Comprehensive Income (ASU No. 2018-02)	—		—		(45.9)		(45.9)
Balance at beginning of 2019	(177.9)		12.2		(342.4)		(508.1)
Other comprehensive loss before reclassifications	(9.5)		—		(6.5)		(16.0)
Amounts reclassified from Accumulated OCI	—		(1.5)		17.7		16.2
Net other comprehensive income (loss)	(9.5)		(1.5)		11.2		0.2
Balance as of 2019 year end	$	(187.4)	$	10.7	$	(331.2)	$	(507.9)

The reclassifications out of Accumulated OCI in 2019 and 2018 are as follows:

	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2019		2018
Gains on cash flow hedges:
Treasury locks	$	1.5	$	1.5	Interest expense
Income tax expense	—		—		Income tax expense
Net of tax	1.5		1.5
Amortization of net unrecognized losses and prior service credits	(23.5)		(31.1)		See footnote below*
Income tax benefit	5.8		7.6		Income tax expense
Net of tax	(17.7)		(23.5)
Total reclassifications for the period, net of tax	$	(16.2)	$	(22.0)

* These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 11 and Note 12 for further information.