Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Jan. 02, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 17: Accumulated Other Comprehensive Income (Loss)

The following is a summary of net changes in Accumulated OCI by component and net of tax for 2015 and 2014:

(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of 2013 year end	$	121.1	$	1.3	$	(167.2)	$	(44.8)
Other comprehensive loss before reclassifications		(128.8)		–		(88.2)		(217.0)
Amounts reclassified from Accumulated OCI		–		(0.3)		13.9		13.6
Net other comprehensive loss		(128.8)		(0.3)		(74.3)		(203.4)
Balance as of 2014 year end	$	(7.7)	$	1.0	$	(241.5)	$	(248.2)
Other comprehensive loss before reclassifications		(110.8)		–		(28.9)		(139.7)
Amounts reclassified from Accumulated OCI		–		(0.3)		24.0		23.7
Net other comprehensive loss		(110.8)		(0.3)		(4.9)		(116.0)
Balance as of 2015 year end	$	(118.5)	$	0.7	$	(246.4)	$	(364.2)

The reclassifications out of Accumulated OCI in 2015 and 2014 are as follows:

Details about Accumulated OCI Components	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2015		2014
Gains on cash flow hedges:
Treasury locks	$	0.3	$	0.3	Interest expense
Income tax expense		–		–	Income tax expense
Net of tax		0.3		0.3
Amortization of net unrecognized losses and prior service credits		(38.0)		(22.0)	See footnote*
Income tax benefit		14.0		8.1	Income tax expense
Net of tax		(24.0)		(13.9)
Total reclassifications for the period, net of tax	$	(23.7)	$	(13.6)

* 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.