Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 04, 2015

Equity [Abstract]

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 the second quarter of fiscal 2015:

(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of April 4, 2015	$	(104.0)	$	0.9	$	(236.1)	$	(339.2)
Other comprehensive income before reclassifications		30.7		–		–		30.7
Amounts reclassified from Accumulated OCI		–		(0.1)		6.6		6.5
Net other comprehensive income (loss)		30.7		(0.1)		6.6		37.2
Balance as of July 4, 2015	$	(73.3)	$	0.8	$	(229.5)	$	(302.0)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the first six months of fiscal 2015:

(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of January 3, 2015	$	(7.7)	$	1.0	$	(241.5)	$	(248.2)
Other comprehensive loss before reclassifications		(65.6)		–		–		(65.6)
Amounts reclassified from Accumulated OCI		–		(0.2)		12.0		11.8
Net other comprehensive income (loss)		(65.6)		(0.2)		12.0		(53.8)
Balance as of July 4, 2015	$	(73.3)	$	0.8	$	(229.5)	$	(302.0)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the second quarter of fiscal 2014:

(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension  and Postretirement Plans		Total
Balance as of March 29, 2014	$	125.8	$	1.2	$	(163.9)	$	(36.9)
Other comprehensive income before reclassifications		(3.2)		–		–		(3.2)
Amounts reclassified from Accumulated OCI		–		(0.1)		3.7		3.6
Net other comprehensive income (loss)		(3.2)		(0.1)		3.7		0.4
Balance as of June 28, 2014	$	122.6	$	1.1	$	(160.2)	$	(36.5)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the first six months of fiscal 2014:

(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of December 28, 2013	$	121.1	$	1.3	$	(167.2)	$	(44.8)
Other comprehensive income before reclassifications		1.5		–		–		1.5
Amounts reclassified from Accumulated OCI		–		(0.2)		7.0		6.8
Net other comprehensive income (loss)		1.5		(0.2)		7.0		8.3
Balance as of June 28, 2014	$	122.6	$	1.1	$	(160.2)	$	(36.5)

Reclassifications Out of Accumulated OCI

The reclassifications out of Accumulated OCI for the three and six month periods ended July 4, 2015, and June 28, 2014, are as follows:

	Amount Reclassified from Accumulated OCI
	Three Months Ended				Six Months Ended
Details about Accumulated OCI Components	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014		Statement of Earnings Presentation
(Amounts in millions)
Gains on cash flow hedges:
Treasury locks	$	0.1	$	0.1	$	0.2	$	0.2	Interest expense
Income tax expense		–		–		–		–	Income tax expense
Net of tax		0.1		0.1		0.2		0.2
Amortization of net unrecognized losses and prior service credits		(10.4)		(5.8)		(19.2)		(11.0)	See footnote below*
Income tax benefit		3.8		2.1		7.2		4.0	Income tax expense
Net of tax		(6.6)		(3.7)		(12.0)		(7.0)
Total reclassifications for the period, net of tax	$	(6.5)	$	(3.6)	$	(11.8)	$	(6.8)

* These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 10 and Note 11 for further information.