Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Jan. 01, 2022

Net Changes in Accumulated OCI by Component, Net of Tax

The following is a summary of net changes in Accumulated OCI by component and net of tax for 2021 and 2020:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance at beginning of 2020	$	(187.4)	$	10.7	$	(331.2)	$	(507.9)
Other comprehensive income before reclassifications	112.7		1.4		3.5		117.6
Amounts reclassified from Accumulated OCI	—		(1.6)		26.1		24.5
Net other comprehensive income (loss)	112.7		(0.2)		29.6		142.1
Balance as of 2020 year end	$	(74.7)	$	10.5	$	(301.6)	$	(365.8)
Other comprehensive income (loss) before reclassifications	(69.4)		—		66.5		(2.9)
Amounts reclassified from Accumulated OCI	(1.0)		(1.6)		27.4		24.8
Net other comprehensive income (loss)	(70.4)		(1.6)		93.9		21.9
Balance as of 2021 year end	$	(145.1)	$	8.9	$	(207.7)	$	(343.9)

Reclassifications Out of Accumulated OCI

The reclassifications out of Accumulated OCI in 2021 and 2020 are as follows:


	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2021		2020
Foreign currency loss from sale of equity interest:
Foreign currency	$	1.0	$	—	Other income (expense) - net
Income tax expense	—		—		Income tax expense
Net of tax	1.0		—
Gains on cash flow hedges:
Treasury locks	1.6		1.6		Interest expense
Income tax expense	—		—		Income tax expense
Net of tax	1.6		1.6
Amortization of net unrecognized losses and prior service credits	(36.4)		(34.5)		See footnote below*
Income tax benefit	9.0		8.4		Income tax expense
Net of tax	(27.4)		(26.1)
Total reclassifications for the period, net of tax	$	(24.8)	$	(24.5)

These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 12 and Note 13 for further information.