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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 29, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss:
(Millions of Dollars)
Currency translation adjustment and other 1
 
Unrealized (losses) gains on cash flow hedges, net of tax
 
Unrealized gains (losses) on net investment hedges, net of tax
 
Pension (losses) gains, net of tax
 
Total
Balance - December 31, 2016
$
(1,586.7
)
 
$
(46.3
)
 
$
88.6

 
$
(377.2
)
 
$
(1,921.6
)
Other comprehensive income (loss) before reclassifications
473.8

 
(71.0
)
 
(85.2
)
 
(19.1
)
 
298.5

Adjustments related to sales of businesses
4.7

 
—

 
—

 
2.6

 
7.3

Reclassification adjustments to earnings
—

 
4.7

 
—

 
22.0

 
26.7

Net other comprehensive income (loss)
478.5

 
(66.3
)
 
(85.2
)
 
5.5

 
332.5

Balance - December 30, 2017
$
(1,108.2
)
 
$
(112.6
)
 
$
3.4

 
$
(371.7
)
 
$
(1,589.1
)
Other comprehensive (loss) income before reclassifications
(373.0
)
 
70.4

 
71.2

 
(9.7
)
 
(241.1
)
Reclassification adjustments to earnings
—

 
15.4

 
(11.3
)
 
11.8

 
15.9

Net other comprehensive (loss) income
(373.0
)
 
85.8

 
59.9

 
2.1

 
(225.2
)
Balance - December 29, 2018
$
(1,481.2
)
 
$
(26.8
)
 
$
63.3

 
$
(369.6
)
 
$
(1,814.3
)
1 Certain prior year amounts have been recast as a result of the adoption of the new revenue standard. Refer to Note A, Significant Accounting Policies, for further discussion.

(Millions of Dollars)
 
2018
 
2017
 
 
Components of accumulated other comprehensive loss
 
Reclassification adjustments
 
Reclassification adjustments
 
Affected line item in Consolidated Statements of Operations
Realized (losses) gains on cash flow hedges
 
$
(17.9
)
 
$
8.4

 
Cost of sales
Realized losses on cash flow hedges
 
(15.3
)
 
(15.1
)
 
Interest expense
Total before taxes
 
$
(33.2
)
 
$
(6.7
)
 
 
Tax effect
 
17.8

 
2.0

 
Income taxes
Realized losses on cash flow hedges, net of tax
 
$
(15.4
)
 
$
(4.7
)
 
 
 
 
 
 
 
 
 
Realized gains on net investment hedges
 
$
15.0

 
$
—

 
Other, net
Tax effect
 
(3.7
)
 
—

 
Income taxes
Realized gains on net investment hedges, net of tax
 
11.3

 
—

 
 
 
 
 
 
 
 
 
Actuarial losses and prior service costs / credits2 
 
(14.8
)
 
(16.2
)
 
Other, net
Settlement loss1 
 
—

 
(12.2
)
 
Pension settlement
Settlement losses1 
 
(0.7
)
 
(3.4
)
 
Other, net
Total before taxes
 
(15.5
)
 
(31.8
)
 
 
Tax effect
 
3.7

 
9.8

 
Income taxes
Amortization of defined benefit pension items, net of tax
 
$
(11.8
)
 
$
(22.0
)
 
 
1 Pension settlement losses are more fully discussed in Note L, Employee Benefit Plans.  
2 Prior year Amortization of actuarial losses and prior service costs / credits of $9.7 million and $6.5 million have been reclassed out of Cost of sales and Selling, general and administrative, respectively, and into Other, net as a result of the adoption of the new pension standard. Refer to Note A, Significant Accounting Policies, for further discussion.