Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2018

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 the three months ended March 31, 2018:

(Amounts in millions)	Foreign Currency Translation			Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Total
Balance as of December 30, 2017	$	(82.5	)	$	14.5		$	(261.0	)	$	(329.0	)
Other comprehensive income (loss) before reclassifications	39.1			(0.8		)	—			38.3
Amounts reclassified from Accumulated OCI	—			(0.5		)	5.8			5.3
Net other comprehensive income (loss)	39.1			(1.3		)	5.8			43.6
Balance as of March 31, 2018	$	(43.4	)	$	13.2		$	(255.2	)	$	(285.4	)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended April 1, 2017:

(Amounts in millions)	Foreign Currency Translation			Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Total
Balance as of December 31, 2016	$	(217.7	)	$	9.2		$	(290.0	)	$	(498.5	)
Other comprehensive income before reclassifications	38.1			6.1			—			44.2
Amounts reclassified from Accumulated OCI	—			(0.3		)	4.2			3.9
Net other comprehensive income	38.1			5.8			4.2			48.1
Balance as of April 1, 2017	$	(179.6	)	$	15.0		$	(285.8	)	$	(450.4	)

The reclassifications out of Accumulated OCI for the three month periods ended March 31, 2018, and April 1, 2017, are as follows:

	Amount Reclassified from Accumulated OCI
	Three Months Ended
	March 31, 2018			April 1, 2017			Statement of Earnings Presentation
(Amounts in millions)
Gains on cash flow hedges:
Treasury locks	$	0.5		$	0.3		Interest expense
Income tax expense	—			—			Income tax expense
Net of tax	0.5			0.3
Amortization of net unrecognized losses and prior service credits	(7.6		)	(6.5		)	See footnote below*
Income tax benefit	1.8			2.3			Income tax expense
Net of tax	(5.8		)	(4.2		)
Total reclassifications for the period, net of tax	$	(5.3	)	$	(3.9	)

* 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.